Brokerages Anticipate MongoDB, Inc. (NASDAQ:MDB) to Post -$0.09 Earnings Per Share

Wall Street analysts forecast that MongoDB, Inc. (NASDAQ:MDBGet Rating) will announce earnings per share of ($0.09) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for MongoDB’s earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.11). MongoDB posted earnings per share of ($0.15) during the same quarter last year, which indicates a positive year over year growth rate of 40%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that MongoDB will report full year earnings of ($0.39) per share for the current financial year, with EPS estimates ranging from ($0.42) to ($0.33). For the next fiscal year, analysts expect that the company will report earnings of $0.03 per share, with EPS estimates ranging from ($0.11) to $0.19. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow MongoDB.

MongoDB (NASDAQ:MDBGet Rating) last posted its earnings results on Tuesday, March 8th. The company reported ($1.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.25) by $0.05. The company had revenue of $266.50 million during the quarter, compared to analyst estimates of $243.42 million. MongoDB had a negative net margin of 35.12% and a negative return on equity of 66.70%. MongoDB’s revenue for the quarter was up 55.8% on a year-over-year basis. During the same period in the prior year, the business posted ($1.01) earnings per share.

A number of analysts have recently weighed in on MDB shares. Credit Suisse Group dropped their target price on shares of MongoDB from $700.00 to $650.00 and set an “outperform” rating for the company in a report on Wednesday, March 9th. Canaccord Genuity Group lowered their price objective on shares of MongoDB from $560.00 to $400.00 in a report on Wednesday, March 9th. Tigress Financial assumed coverage on shares of MongoDB in a report on Friday, February 11th. They issued a “buy” rating and a $630.00 price objective for the company. Oppenheimer lowered their price objective on shares of MongoDB from $510.00 to $410.00 in a report on Wednesday, March 9th. Finally, Mizuho lowered their price objective on shares of MongoDB from $400.00 to $325.00 and set a “neutral” rating for the company in a report on Wednesday, March 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $496.72.

Shares of MongoDB stock traded down $46.99 during trading on Monday, reaching $252.72. 2,706,132 shares of the stock were exchanged, compared to its average volume of 1,311,034. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 1.70. The stock’s fifty day moving average is $379.88 and its 200 day moving average is $438.92. The firm has a market cap of $17.08 billion, a price-to-earnings ratio of -53.32 and a beta of 0.98. MongoDB has a 1 year low of $238.01 and a 1 year high of $590.00.

In related news, CRO Cedric Pech sold 309 shares of the firm’s stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $443.77, for a total value of $137,124.93. Following the sale, the executive now owns 46,135 shares in the company, valued at $20,473,328.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hope F. Cochran sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 30th. The stock was sold at an average price of $429.30, for a total transaction of $429,300.00. The disclosure for this sale can be found here. Insiders have sold 123,167 shares of company stock valued at $47,607,361 in the last three months. 7.40% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. Commerce Bank boosted its holdings in MongoDB by 1.7% in the fourth quarter. Commerce Bank now owns 1,413 shares of the company’s stock worth $747,000 after purchasing an additional 24 shares during the last quarter. Winch Advisory Services LLC boosted its stake in shares of MongoDB by 54.2% during the 3rd quarter. Winch Advisory Services LLC now owns 74 shares of the company’s stock worth $35,000 after acquiring an additional 26 shares during the last quarter. Total Clarity Wealth Management Inc. boosted its stake in shares of MongoDB by 6.9% during the 1st quarter. Total Clarity Wealth Management Inc. now owns 465 shares of the company’s stock worth $206,000 after acquiring an additional 30 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of MongoDB by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,657 shares of the company’s stock worth $3,139,000 after acquiring an additional 31 shares during the last quarter. Finally, Profund Advisors LLC boosted its stake in shares of MongoDB by 5.2% during the 4th quarter. Profund Advisors LLC now owns 647 shares of the company’s stock worth $342,000 after acquiring an additional 32 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

About MongoDB (Get Rating)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud 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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