What is MultiPlan's stock price target for 2024?

0 brokerages have issued 12-month target prices for MultiPlan's shares. Their MPLN share price targets range from $2.00 to $2.00. On average, they predict the company's stock price to reach $2.00 in the next year. This suggests a possible upside of 170.2% from the stock's current price. View analysts price targets for MPLN or view top-rated stocks among Wall Street analysts .

How have MPLN shares performed in 2024?

MultiPlan's stock was trading at $1.44 on January 1st, 2024. Since then, MPLN stock has decreased by 48.6% and is now trading at $0.7402. View the best growth stocks for 2024 here .

When is MultiPlan's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our MPLN earnings forecast .

How can I listen to MultiPlan's earnings call?

MultiPlan will be holding an earnings conference call on Wednesday, May 8th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 404-975-4839 with passcode "298805".

How were MultiPlan's earnings last quarter?

MultiPlan Co. (NYSE:MPLN) issued its quarterly earnings results on Thursday, February, 29th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $244.14 million for the quarter. MultiPlan had a negative net margin of 9.54% and a negative trailing twelve-month return on equity of 8.31%.

What ETF holds MultiPlan's stock?

IQ Chaikin U.S. Small Cap ETF holds 385,810 shares of MPLN stock, representing 0.34% of its portfolio.

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

MultiPlan updated its FY 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion.

How do I buy shares of MultiPlan?

Shares of MPLN 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 .

NYSE:MPLN

MultiPlan (MPLN) Stock Price, News & Analysis

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$0.74

+0.00 (+0.48%)

(As of 12:19 PM ET)

Compare

Today's Range: $0.72
▼
$0.77
50-Day Range: $0.67
▼
$1.33
52-Week Range: $0.61
▼
$2.29

Volume: 363,166 shs
Average Volume: 1.50 million shs
Market Capitalization: $476.96 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.00

Get MultiPlan alerts:

MultiPlan MarketRank™ Stock Analysis

Analyst Rating: 0.00 Rating Score
Upside/Downside: 170.2% Upside
$2.00 Price Target
Short Interest: Bearish
5.62% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.35
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

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.

0.37 out of 5 stars

Medical Sector

880th out of 918 stocks

Business Services, Not Elsewhere Classified Industry

88th out of 88 stocks

2.0

Analyst's Opinion

Amount of Analyst Coverage
MultiPlan has received no research coverage in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
5.62% of the float of MultiPlan has been sold short.
Short Interest Ratio / Days to Cover
MultiPlan has a short interest ratio ("days to cover") of 10.1, which indicates bearish sentiment.
Change versus previous month
Short interest in MultiPlan has recently increased by 3.84%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

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

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MPLN.

2.4

News and Social Media Coverage

News Sentiment
MultiPlan has a news sentiment score of 0.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for MultiPlan this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for MPLN on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
3 people have added MultiPlan to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MultiPlan insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 8.20% of the stock of MultiPlan is held by insiders.
Percentage Held by Institutions
87.15% of the stock of MultiPlan is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of MultiPlan is -4.93, 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 MultiPlan is -4.93, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
MultiPlan has a P/B Ratio of 0.28. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About MultiPlan Stock (NYSE:MPLN)

MultiPlan Corporation, together with its subsidiaries, provides data analytics and technology-enabled cost management, payment, and revenue integrity solutions to the healthcare industry in the United States. The company offers analytics-based services that reduce medical costs, through data-driven algorithms and insights that detect claims over-charges and negotiate or recommend reimbursement; and network-based services that provide contracted discounts with healthcare providers, as well as outsourced network development and management services. It provides payment and revenue integrity services, such as identifying and removing improper and unnecessary charges paid during the claim, as well as services to identify and help restore and preserve underpaid premium dollars. In addition, the company offers data and decision science services including a suite of solutions that apply modern methods of data science to produce descriptive, predictive, and prescriptive analytics that drive optimized benefit plan design, support decision-making, improve clinical outcomes, and reduce the total cost of care; and business-to-business healthcare payments and other services. It serves national and regional insurance companies, Blue Cross and Blue Shield plans, provider-sponsored and independent health plans, TPAs, self-insured health plans, property and casualty insurers, bill review companies, and other companies involved in the claim adjudication process. MultiPlan Corporation was founded in 1980 and is headquartered in New York, New York.

MPLN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MPLN Stock News Headlines

April 18, 2024 | axios.com

MultiPlan CEO talks strategy, recent criticism

April 16, 2024 | businesswire.com

MultiPlan Corporation Announces First Quarter 2024 Earnings Conference Call

April 19, 2024 | Darwin (Ad)

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April 12, 2024 | americanbankingnews.com

MultiPlan (NYSE:MPLN) Shares Gap Down to $0.83

March 29, 2024 | businesswire.com

MultiPlan Corporation Receives Continued Listing Standard Notice from NYSE

March 16, 2024 | finance.yahoo.com

MPLN Apr 2024 1.000 put

March 7, 2024 | msn.com

MultiPlan appoints Jerry Hogge as COO

March 7, 2024 | businesswire.com

MultiPlan Appoints Jerry Hogge as Chief Operating Officer

April 19, 2024 | Darwin (Ad)

Your Next Portfolio Star: Revealing 2024's Top Stock Pick

March 2, 2024 | seekingalpha.com

MultiPlan Corporation (MPLN) Q4 2023 Earnings Call Transcript

March 1, 2024 | businesswire.com

Grant of Awards to New MultiPlan CEO, Travis Dalton, under NYSE Listing Rules

March 1, 2024 | finance.yahoo.com

MultiPlan Corporation (NYSE:MPLN) Q4 2023 Earnings Call Transcript

February 29, 2024 | finance.yahoo.com

MultiPlan Reports Fourth Quarter and Full Year 2023 Results

February 29, 2024 | seekingalpha.com

MultiPlan Corporation 2023 Q4 - Results - Earnings Call Presentation

February 28, 2024 | msn.com

Multiplan FY 2023 Earnings Preview

February 1, 2024 | tmcnet.com

MultiPlan Corporation Announces Fourth Quarter and Full Year 2023 Earnings Conference Call

January 4, 2024 | msn.com

MultiPlan announces Travis Dalton as new CEO

January 4, 2024 | finance.yahoo.com

MultiPlan Announces CEO Succession Plan

January 3, 2024 | tmcnet.com

NYSE to Commence Delisting Proceedings with Respect to the Warrants of MultiPlan Corporation (MPLN.WS)

December 7, 2023 | businesswire.com

MultiPlan Corporation to present at the 42 nd Annual J.P. Morgan Healthcare Conference

December 6, 2023 | finance.yahoo.com

MultiPlan Corporation to present at the 42nd Annual J.P. Morgan Healthcare Conference

November 8, 2023 | finance.yahoo.com

MultiPlan Corporation (NYSE:MPLN) Q3 2023 Earnings Call Transcript

November 8, 2023 | msn.com

MultiPlan extends $100M stock buyback program

November 7, 2023 | seekingalpha.com

MultiPlan Corporation 2023 Q3 - Results - Earnings Call Presentation

November 7, 2023 | msn.com

Multiplan GAAP EPS of -$0.04, revenue of $242.8M

November 7, 2023 | businesswire.com

MultiPlan Reports Third Quarter 2023 Results

November 7, 2023 | finance.yahoo.com

MultiPlan Corp (MPLN) Reports Q3 2023 Revenues of $242.8 Million, Net Loss of $24.1 Million

See More Headlines

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Company Calendar

Last Earnings: 2/29/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/08/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Medical
Industry: Business services, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NYSE:MPLN
CUSIP: N/A
CIK: 1793229
Web: www.multiplan.us
Phone: 212-780-2000
Fax: N/A
Employees: 2,800
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $2.00
High Stock Price Target: $2.00
Low Stock Price Target: $2.00
Potential Upside/Downside: +170.2%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.15)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-91,700,000.00
Net Margins: -9.54%
Pretax Margin: -11.13%
Return on Equity: -8.31%
Return on Assets: -2.05%

Debt

Debt-to-Equity Ratio: 2.65
Current Ratio: 1.16
Quick Ratio: 1.16

Sales & Book Value

Annual Sales: $961.52 million
Price / Sales: 0.50
Cash Flow: $0.46 per share
Price / Cash Flow: 1.62
Book Value: $2.64 per share
Price / Book: 0.28

Miscellaneous

Outstanding Shares: 644,370,000
Free Float: 591,533,000
Market Cap: $476.96 million
Optionable: Optionable
Beta: 0.60

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Key Executives

Mr. Dale A. White (Age 68)
Executive Chair
Comp: $1.6M
Mr. James M. Head (Age 58)
CFO & Executive VP
Comp: $1.05M
Mr. Michael C. Kim (Age 57)
Senior VP & Chief Information Officer
Comp: $740.35k
Mr. Jeffrey A. Doctoroff (Age 55)
Executive VP, General Counsel & Corporate Secretary
Comp: $690.31k
Ms. Carol H. Nutter (Age 47)
Senior VP & Chief People Officer
Comp: $600.59k
Mr. Travis S. Dalton (Age 53)
CEO, President & Director
Mr. Jerome W. Hogge III
Executive VP & COO
Ms. Melissa Humphrey
Senior Vice President of Marketing & Communications
Mr. Alwyn Van Heerdan
Vice President of Strategy & Corporate Development
Mr. Derek Reis-Larson
Senior Vice President of Claims Pricing Services

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

MPLN Stock Analysis - Frequently Asked Questions

What is MultiPlan's stock price target for 2024?: 0 brokerages have issued 12-month target prices for MultiPlan's shares. Their MPLN share price targets range from $2.00 to $2.00. On average, they predict the company's stock price to reach $2.00 in the next year. This suggests a possible upside of 170.2% from the stock's current price.
View analysts price targets for MPLN or view top-rated stocks among Wall Street analysts.
How have MPLN shares performed in 2024?: MultiPlan's stock was trading at $1.44 on January 1st, 2024. Since then, MPLN stock has decreased by 48.6% and is now trading at $0.7402.
View the best growth stocks for 2024 here.
When is MultiPlan's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our MPLN earnings forecast.
How can I listen to MultiPlan's earnings call?: MultiPlan will be holding an earnings conference call on Wednesday, May 8th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 404-975-4839 with passcode "298805".

How were MultiPlan's earnings last quarter?: MultiPlan Co. (NYSE:MPLN) issued its quarterly earnings results on Thursday, February, 29th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $244.14 million for the quarter. MultiPlan had a negative net margin of 9.54% and a negative trailing twelve-month return on equity of 8.31%.
What ETF holds MultiPlan's stock?: IQ Chaikin U.S. Small Cap ETF holds 385,810 shares of MPLN stock, representing 0.34% of its portfolio.
What guidance has MultiPlan issued on next quarter's earnings?: MultiPlan updated its FY 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion.
How do I buy shares of MultiPlan?: Shares of MPLN 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 (NYSE:MPLN) was last updated on 4/19/2024 by MarketBeat.com Staff

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