Media stories about Mongodb (NASDAQ:MDB) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mongodb earned a news impact score of 0.08 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.3126032480425 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Hooky Stocks: Glu Mobile Inc. (NASDAQ:GLUU), Nordstrom, Inc. (NYSE:JWN), MongoDB, Inc. (NASDAQ:MDB) (journalfinance.net)
- MONGODB SHAREHOLDER ALERT – Andrews & Springer LLC is Investigating MongoDB, Inc. for Potential Breach of … (businesswire.com)
- MongoDB, Inc. to Host Investor Session at MongoDB World 2018 (finance.yahoo.com)
- Here's How MongoDB, Inc. Shares Gained 31% in May (finance.yahoo.com)
- MONGODB SHAREHOLDER ALERT – Andrews & Springer LLC is Investigating MongoDB, Inc. for Potential Breach of Fiduciary Duty – MDB (finance.yahoo.com)
A number of research firms have recently weighed in on MDB. Needham & Company LLC increased their price target on Mongodb from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, June 12th. Stifel Nicolaus increased their price target on Mongodb from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, June 7th. KeyCorp increased their price target on Mongodb from $50.00 to $62.00 and gave the stock an “overweight” rating in a report on Thursday, June 7th. Canaccord Genuity reiterated a “buy” rating and set a $54.00 price target (up from $45.00) on shares of Mongodb in a report on Thursday, June 7th. They noted that the move was a valuation call. Finally, Monness Crespi & Hardt increased their price target on Mongodb from $51.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, June 7th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Mongodb has a consensus rating of “Buy” and an average target price of $46.18.
Mongodb (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, June 6th. The company reported ($0.43) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.43). The company had revenue of $48.20 million during the quarter, compared to analyst estimates of $46.46 million. The firm’s quarterly revenue was up 48.8% on a year-over-year basis. equities analysts anticipate that Mongodb will post -2.22 earnings per share for the current fiscal year.
In related news, major shareholder Whale Rock Capital Management purchased 1,214,850 shares of Mongodb stock in a transaction on Tuesday, May 8th. The shares were bought at an average price of $40.23 per share, with a total value of $48,873,415.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. 40.04% of the stock is owned by company insiders.
Mongodb Company Profile
MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
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