Mongodb Stock Forecast, Price & News (NASDAQ:MDB)

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Earnings results for Mongodb Stock Forecast, Price & News (NASDAQ:MDB)

MongoDB, Inc. is expected* to report earnings on 09/02/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.89. The reported EPS for the same quarter last year was $-0.58.

Mongodb last posted its quarterly earnings results on June 4th, 2020. The reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.12. The business earned $130.33 million during the quarter, compared to the consensus estimate of $119.72 million. Its revenue for the quarter was up 45.8% compared to the same quarter last year. Mongodb has generated ($2.36) earnings per share over the last year. Mongodb has confirmed that its next quarterly earnings report will be published on Wednesday, September 2nd, 2020.

Analyst Opinion on Mongodb Stock Forecast, Price & News (NASDAQ:MDB)

15 Wall Street analysts have issued ratings and price targets for Mongodb in the last 12 months. Their average twelve-month price target is $210.57, predicting that the stock has a possible downside of 16.01%. The high price target for MDB is $275.00 and the low price target for MDB is $78.00. There are currently 1 sell rating, 5 hold ratings and 9 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Mongodb has received a consensus rating of Buy. The company’s average rating score is 2.53, and is based on 9 buy ratings, 5 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $210.57, Mongodb has a forecasted downside of 16.0% from its current price of $250.72. Mongodb has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Mongodb Stock Forecast, Price & News (NASDAQ:MDB)

Mongodb does not currently pay a dividend. Mongodb does not have a long track record of dividend growth.

Insiders buying/selling: Mongodb Stock Forecast, Price & News (NASDAQ:MDB)

In the past three months, Mongodb insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $27,098,149.00 in company stock. Only 16.28% of the stock of Mongodb is held by insiders. 87.09% of the stock of Mongodb is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Mongodb Stock Forecast, Price & News (NASDAQ:MDB

Earnings for Mongodb are expected to grow in the coming year, from ($3.30) to ($3.07) per share. The P/E ratio of Mongodb is -72.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Mongodb is -72.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Mongodb has a P/B Ratio of 174.11. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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