Should I buy or sell ModivCare stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ModivCare in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MODV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MODV, but not buy additional shares or sell existing shares. View MODV analyst ratings or view top-rated stocks .

What is ModivCare's stock price target for 2024?

3 equities research analysts have issued twelve-month price targets for ModivCare's stock. Their MODV share price targets range from $39.00 to $95.00. On average, they expect the company's share price to reach $60.50 in the next twelve months. This suggests a possible upside of 184.6% from the stock's current price. View analysts price targets for MODV or view top-rated stocks among Wall Street analysts .

How have MODV shares performed in 2024?

ModivCare's stock was trading at $43.99 at the beginning of the year. Since then, MODV shares have decreased by 51.7% and is now trading at $21.26. View the best growth stocks for 2024 here .

When is ModivCare's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our MODV earnings forecast .

How can I listen to ModivCare's earnings call?

ModivCare will be holding an earnings conference call on Friday, May 3rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-407-8037.

How were ModivCare's earnings last quarter?

ModivCare Inc. (NASDAQ:MODV) announced its quarterly earnings results on Thursday, February, 22nd. The company reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.05. The firm had revenue of $703.22 million for the quarter, compared to analysts' expectations of $699.34 million. ModivCare had a negative net margin of 7.42% and a positive trailing twelve-month return on equity of 36.50%.

What guidance has ModivCare issued on next quarter's earnings?

ModivCare updated its first quarter 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $650.0 million-$700.0 million, compared to the consensus revenue estimate of $702.0 million.

How do I buy shares of ModivCare?

Shares of MODV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:MODV

ModivCare (MODV) Stock Price, News & Analysis

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$21.26

+1.13 (+5.61%)

(As of 04/19/2024 ET)

Compare

Today's Range: $19.65
▼
$21.30
50-Day Range: $20.13
▼
$50.95
52-Week Range: $19.64
▼
$75.54

Volume: 203,046 shs
Average Volume: 256,394 shs
Market Capitalization: $301.89 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $60.50

Get ModivCare alerts:

ModivCare MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 184.6% Upside
$60.50 Price Target
Short Interest: Bearish
9.20% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.02
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 30.57%
From $4.22 to $5.51 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.86 out of 5 stars

Medical Sector

198th out of 911 stocks

Transportation Services Industry

5th out of 15 stocks

3.0

Analyst's Opinion

Consensus Rating
ModivCare has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
ModivCare has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
9.20% of the float of ModivCare has been sold short.
Short Interest Ratio / Days to Cover
ModivCare has a short interest ratio ("days to cover") of 4.7.
Change versus previous month
Short interest in ModivCare has recently increased by 12.28%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
ModivCare does not currently pay a dividend.
Dividend Growth
ModivCare does not have a long track record of dividend growth.

4.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
ModivCare has received a 68.86% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Non-medical home care services for elderly", "Private personal care assistant services", and "Private home care for the elderly" products. See details.
Environmental Sustainability
The Environmental Impact score for ModivCare is -1.02.

0.6

News and Social Media Coverage

Search Interest
8 people have searched for MODV on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added ModivCare to their MarketBeat watchlist in the last 30 days. This is a decrease of -83% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ModivCare insiders have not sold or bought any company stock.
Percentage Held by Insiders
10.90% of the stock of ModivCare is held by insiders. A high percentage of insider ownership can be a sign of company health.

3.1

Earnings and Valuation

Earnings Growth
Earnings for ModivCare are expected to grow by 30.57% in the coming year, from $4.22 to $5.51 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ModivCare is -1.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of ModivCare is -1.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
ModivCare has a PEG Ratio of 0.56. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
ModivCare has a P/B Ratio of 1.93. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About ModivCare Stock (NASDAQ:MODV)

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. The company offers risk underwriting, contact center management, network credentialing, claims management, and non-emergency medical transport management services for Medicaid or Medicare eligible members, whose limited mobility or financial resources hinder their ability to access necessary healthcare and social services. It also provides in-home personal care services, such as bathing, personal hygiene, grooming, oral care, dressing, medication reminders, meal planning, preparation and feeding, housekeeping, transportation services, prescription reminders, and assistance with dressing and ambulation services through placing non-medical personal care assistants, home health aides, and skilled nurses primarily to Medicaid patients in need of care monitoring and assistance in performing daily living activities, including senior citizens and disabled adults. In addition, the company offers remote patient monitoring solutions, including personal emergency response systems, vitals monitoring, medication management, and data-driven patient engagement solutions. It serves federal, state, and local government agencies, MCOs, commercial insurers, private individuals, and health systems. The company was formerly known as The Providence Service Corporation and changed its name to ModivCare Inc. in January 2021. ModivCare Inc. was incorporated in 1996 and is headquartered in Denver, Colorado.

MODV Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MODV Stock News Headlines

April 11, 2024 | businesswire.com

Modivcare to Report First Quarter 2024 Financial Results

April 8, 2024 | finance.yahoo.com

The past three years for ModivCare (NASDAQ:MODV) investors has not been profitable

April 20, 2024 | Banyan Hill Publishing (Ad)

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GE Vernova And Solventum Set To Join S&P 500

March 27, 2024 | prnewswire.com

GE Vernova and Solventum Set to Join S&P 500; Dentsply Sirona to Join S&P MidCap 400; Others to Join S&P SmallCap 600

March 16, 2024 | finance.yahoo.com

MODV Apr 2024 25.000 call

March 15, 2024 | finance.yahoo.com

MODV Apr 2024 30.000 call

March 15, 2024 | finance.yahoo.com

MODV Apr 2024 30.000 put

April 20, 2024 | Banyan Hill Publishing (Ad)

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March 8, 2024 | stockhouse.com

Modivcare's NEMT Mobility App for Members Sets Best-in-Class Rankings and User Adoption, Pioneers New Advancements

March 6, 2024 | finance.yahoo.com

Modivcare’s NEMT Mobility App for Members Sets Best-in-Class Rankings and User Adoption, Pioneers New Advancements

February 26, 2024 | realmoney.thestreet.com

ModivCare just downgraded at Barrington, here's why

February 25, 2024 | uk.finance.yahoo.com

Earnings Release: Here's Why Analysts Cut Their ModivCare Inc. (NASDAQ:MODV) Price Target To US$57.50

February 24, 2024 | msn.com

Jefferies Downgrades ModivCare (MODV)

February 24, 2024 | realmoney.thestreet.com

ModivCare just downgraded at Lake Street, here's why

February 23, 2024 | marketwatch.com

ModivCare Shares Fall After 1Q View Misses Expectations

February 23, 2024 | msn.com

Jefferies cuts ModivCare to hold, cites FY2024 guidance "shortfall"

February 23, 2024 | markets.businessinsider.com

Why Is Healthcare Technologies ModivCare Stock Plummeting Today?

February 23, 2024 | msn.com

Vir Biotechnology, Community Health Systems among healthcare movers

February 23, 2024 | in.investing.com

ModivCare sees double downgrade after concerning guidance; shares dip

February 23, 2024 | markets.businessinsider.com

ModivCare: Hold Rating Justified by Mixed Performance and Cautious FY24 Outlook Amid Contract Challenges

February 23, 2024 | markets.businessinsider.com

ModivCare’s Challenging Outlook: Operational Headwinds Prompt Hold Rating

February 23, 2024 | msn.com

Deutsche Bank cuts ModivCare to hold, cites 2024 guidance

February 23, 2024 | msn.com

ModivCare Analysts Cut Their Forecasts After Q4 Results

February 22, 2024 | finance.yahoo.com

Modivcare Reports Fourth Quarter and Full Year 2023 Financial Results; Issues 2024 Guidance

February 17, 2024 | finance.yahoo.com

MODV Mar 2024 40.000 call

February 17, 2024 | finance.yahoo.com

MODV Mar 2024 35.000 put

See More Headlines

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Company Calendar

Last Earnings: 2/22/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/02/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Transportation services
Sub-Industry: N/A
Current Symbol: NASDAQ:MODV
CUSIP: N/A
CIK: 1220754
Web: www.modivcare.com
Phone: (303) 728-7030
Fax: 203-307-2799
Employees: 21,200
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $60.50
High Stock Price Target: $95.00
Low Stock Price Target: $39.00
Potential Upside/Downside: +184.6%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($14.42)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 5.04
P/E Growth: 0.56
Net Income: $-204,460,000.00
Net Margins: -7.42%
Pretax Margin: -7.60%
Return on Equity: 36.50%
Return on Assets: 4.16%

Debt

Debt-to-Equity Ratio: 6.30
Current Ratio: 0.78
Quick Ratio: 0.78

Sales & Book Value

Annual Sales: $2.76 billion
Price / Sales: 0.11
Cash Flow: $26.58 per share
Price / Cash Flow: 0.80
Book Value: $11.01 per share
Price / Book: 1.93

Miscellaneous

Outstanding Shares: 14,200,000
Free Float: 12,650,000
Market Cap: $301.89 million
Optionable: Optionable
Beta: 0.44

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Key Executives

Mr. L. Heath Sampson (Age 53)
CEO, President, Interim President of Modivcare Home & Director
Comp: $905.84k
Mr. Ilias Simpson (Age 40)
Executive Officer
Comp: $1M
Ms. Barbara K. Gutierrez CPA (Age 60)
Chief Financial Officer
Ms. Rebecca Orcutt (Age 38)
Senior VP & Chief Accounting Officer
Ms. Jessica Kral
Chief Information Officer
Mr. Kevin Kim Ellich
Head of Investor Relations
Ms. Jody Kepler J.D. (Age 54)
L.L.M., Chief Compliance Officer
Kate Zerone
Director of Ombudsman & Communications
Mr. Henry Toledo
Chief People Officer
Mr. Kenneth Shepard (Age 43)
Chief Financial Officer of NEMT Business-ModivCare Mobility

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MODV Stock Analysis - Frequently Asked Questions

Should I buy or sell ModivCare stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ModivCare in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MODV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MODV, but not buy additional shares or sell existing shares.
View MODV analyst ratings or view top-rated stocks.
What is ModivCare's stock price target for 2024?: 3 equities research analysts have issued twelve-month price targets for ModivCare's stock. Their MODV share price targets range from $39.00 to $95.00. On average, they expect the company's share price to reach $60.50 in the next twelve months. This suggests a possible upside of 184.6% from the stock's current price.
View analysts price targets for MODV or view top-rated stocks among Wall Street analysts.
How have MODV shares performed in 2024?: ModivCare's stock was trading at $43.99 at the beginning of the year. Since then, MODV shares have decreased by 51.7% and is now trading at $21.26.
View the best growth stocks for 2024 here.
When is ModivCare's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our MODV earnings forecast.

How can I listen to ModivCare's earnings call?: ModivCare will be holding an earnings conference call on Friday, May 3rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-407-8037.
How were ModivCare's earnings last quarter?: ModivCare Inc. (NASDAQ:MODV) announced its quarterly earnings results on Thursday, February, 22nd. The company reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.05. The firm had revenue of $703.22 million for the quarter, compared to analysts' expectations of $699.34 million. ModivCare had a negative net margin of 7.42% and a positive trailing twelve-month return on equity of 36.50%.
What guidance has ModivCare issued on next quarter's earnings?: ModivCare updated its first quarter 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $650.0 million-$700.0 million, compared to the consensus revenue estimate of $702.0 million.
How do I buy shares of ModivCare?: Shares of MODV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MODV) was last updated on 4/20/2024 by MarketBeat.com Staff

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ModivCare (MODV) Stock Price, News & Analysis

ModivCare MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About ModivCare Stock (NASDAQ:MODV)

MODV Stock Price History

MODV Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

MODV Stock Analysis - Frequently Asked Questions

Overall MarketRank^™