Mandiant, Inc. (NASDAQ:MNDT) Receives Average Rating of “Hold” from Analysts

Mandiant, Inc. (NASDAQ:MNDTGet Rating) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $19.75.

Several research firms have recently commented on MNDT. William Blair reiterated a “market perform” rating on shares of Mandiant in a report on Tuesday, March 8th. Colliers Securities downgraded Mandiant from a “buy” rating to a “neutral” rating in a report on Tuesday, March 8th. StockNews.com began coverage on Mandiant in a report on Thursday, March 31st. They set a “sell” rating on the stock. TheStreet upgraded Mandiant from a “d+” rating to a “c-” rating in a research note on Monday, March 21st. Finally, Zacks Investment Research cut Mandiant from a “hold” rating to a “sell” rating and set a $23.00 price target on the stock. in a research note on Wednesday, May 11th.

MNDT opened at $22.12 on Friday. The company has a market cap of $5.18 billion, a P/E ratio of 6.09 and a beta of 0.89. The business’s 50-day moving average price is $22.13 and its 200-day moving average price is $19.22. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.44. Mandiant has a 12 month low of $13.76 and a 12 month high of $23.33.

Mandiant (NASDAQ:MNDTGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The company had revenue of $130.14 million during the quarter, compared to analysts’ expectations of $129.61 million. Mandiant had a negative return on equity of 16.05% and a net margin of 175.80%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. Equities research analysts forecast that Mandiant will post -1.09 earnings per share for the current fiscal year.

In related news, EVP William T. Robbins sold 150,412 shares of the company’s stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $22.02, for a total value of $3,312,072.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Frank Verdecanna sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $20.02, for a total value of $1,001,000.00. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in MNDT. Arizona State Retirement System raised its stake in Mandiant by 0.8% during the 1st quarter. Arizona State Retirement System now owns 64,872 shares of the company’s stock valued at $1,447,000 after buying an additional 494 shares during the last quarter. Guardian Investment Management raised its stake in Mandiant by 4.3% during the 1st quarter. Guardian Investment Management now owns 24,200 shares of the company’s stock valued at $539,000 after buying an additional 1,000 shares during the last quarter. CI Investments Inc. purchased a new stake in Mandiant during the 1st quarter valued at $26,000. Treasurer of the State of North Carolina raised its stake in Mandiant by 1.6% during the 1st quarter. Treasurer of the State of North Carolina now owns 86,338 shares of the company’s stock valued at $1,926,000 after buying an additional 1,363 shares during the last quarter. Finally, M&T Bank Corp purchased a new stake in Mandiant during the 1st quarter valued at $31,000. 86.88% of the stock is currently owned by institutional investors and hedge funds.

Mandiant Company Profile (Get Rating)

Mandiant, Inc engages in the provision of cyber defense solutions. The company, through the Mandiant Advantage SaaS platform, delivers current intelligence, automation of alert investigation, and prioritization and validation of security controls products from various vendors. Its products and services include Advantage Platform, a multi-vendor XDR platform that delivers the company's expertise and frontline intelligence to security teams; Managed Defense, a solution with comprehensive protection from advanced and emerging threats; Mandiant consulting services in the areas of threats and risk related to cyber security; and Mandiant Academy, which trains security team to protect and defend their enterprises against targeted cyber attacks.

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Analyst Recommendations for Mandiant (NASDAQ:MNDT)

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