ModivCare Inc. (NASDAQ:MODV – Get Free Report) major shareholder Q Global Capital Management, L acquired 50,748 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average cost of $14.16 per share, for a total transaction of $718,591.68. Following the completion of the purchase, the insider now directly owns 1,475,038 shares of the company’s stock, valued at $20,886,538.08. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
ModivCare Trading Up 0.4 %
Shares of ModivCare stock traded up $0.06 during trading on Friday, hitting $14.41. The company’s stock had a trading volume of 111,696 shares, compared to its average volume of 257,012. The company has a debt-to-equity ratio of 103.63, a current ratio of 0.80 and a quick ratio of 0.80. ModivCare Inc. has a 52 week low of $11.00 and a 52 week high of $52.33. The stock has a market cap of $204.78 million, a price-to-earnings ratio of -0.92, a price-to-earnings-growth ratio of 1.82 and a beta of 0.49. The stock has a 50-day moving average price of $19.90 and a two-hundred day moving average price of $23.23.
ModivCare (NASDAQ:MODV – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.80). ModivCare had a positive return on equity of 27.52% and a negative net margin of 5.80%. The business had revenue of $698.30 million during the quarter, compared to the consensus estimate of $701.00 million. During the same period in the prior year, the firm earned $1.41 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts anticipate that ModivCare Inc. will post 1.06 EPS for the current fiscal year.
Institutional Trading of ModivCare
Analyst Ratings Changes
A number of brokerages recently issued reports on MODV. Barrington Research lifted their price objective on shares of ModivCare from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Lake Street Capital decreased their price objective on shares of ModivCare from $50.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, September 17th. Finally, Jefferies Financial Group decreased their target price on shares of ModivCare from $25.00 to $14.00 and set a “hold” rating on the stock in a research note on Friday, September 13th.
Read Our Latest Stock Report on MODV
About ModivCare
ModivCare Inc, a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and their members. The company operates through four segments: Non-Emergency Medical Transportation (NEMT), Personal Care, Remote Patient Monitoring (RPM), and Corporate and Other.
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