Membership Collective Group Inc. (NYSE:MCG) Receives $7.79 Average PT from Brokerages

Shares of Membership Collective Group Inc. (NYSE:MCGGet Rating) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $7.79.

Several research firms have recently commented on MCG. Citigroup lowered their price target on shares of Membership Collective Group from $11.00 to $9.00 in a report on Monday, October 31st. Bank of America cut shares of Membership Collective Group from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $12.00 to $4.00 in a report on Tuesday, October 4th. JPMorgan Chase & Co. cut shares of Membership Collective Group from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $9.00 to $7.00 in a report on Thursday. Finally, HSBC decreased their price objective on shares of Membership Collective Group to $7.00 in a report on Thursday, October 20th.

Membership Collective Group Price Performance

Shares of NYSE:MCG opened at $3.65 on Thursday. The company’s fifty day moving average is $4.62 and its two-hundred day moving average is $6.20. The company has a quick ratio of 1.05, a current ratio of 1.09 and a debt-to-equity ratio of 38.11. Membership Collective Group has a 12-month low of $3.14 and a 12-month high of $13.85. The company has a market cap of $213.23 million, a P/E ratio of -2.64 and a beta of 0.89.

Membership Collective Group (NYSE:MCGGet Rating) last posted its quarterly earnings results on Wednesday, August 17th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.23). Membership Collective Group had a negative net margin of 31.14% and a negative return on equity of 264.62%. The company had revenue of $243.77 million for the quarter, compared to analysts’ expectations of $236.10 million. During the same quarter in the prior year, the firm earned ($0.28) earnings per share. Equities analysts expect that Membership Collective Group will post -0.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Membership Collective Group

Hedge funds have recently bought and sold shares of the company. Natixis Investment Managers International bought a new stake in Membership Collective Group during the second quarter valued at about $33,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Membership Collective Group during the third quarter valued at about $40,000. Ensign Peak Advisors Inc acquired a new position in shares of Membership Collective Group during the third quarter valued at about $63,000. Cubist Systematic Strategies LLC acquired a new position in shares of Membership Collective Group during the third quarter valued at about $63,000. Finally, Virtu Financial LLC acquired a new position in shares of Membership Collective Group during the first quarter valued at about $91,000. 69.25% of the stock is currently owned by institutional investors.

About Membership Collective Group

(Get Rating)

Membership Collective Group Inc operates a global membership platform of physical and digital spaces that connects members worldwide. The company's members use the MCG platform to work and socialize, connect, create, and have fun. As of January 2, 2022, it served approximately 155,800 members through a portfolio of 33 Soho Houses, 9 Soho Works clubs, The Ned in London, Soho Home, and Scorpios Beach Club in Mykonos, as well as digital channels.

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Analyst Recommendations for Membership Collective Group (NYSE:MCG)

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