ModivCare (MODV) Projected to Post Earnings on Thursday

ModivCare (NASDAQ:MODV) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of ($0.36) per share and revenue of $644.34 million for the quarter.

ModivCare Trading Up 32.0 %

Shares of NASDAQ:MODV opened at $1.32 on Thursday. The company has a debt-to-equity ratio of 103.63, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s 50-day moving average is $2.44 and its 200-day moving average is $9.14. The company has a market cap of $18.93 million, a P/E ratio of -0.10, a P/E/G ratio of 3.46 and a beta of 0.88. ModivCare has a 52-week low of $0.96 and a 52-week high of $32.82.

Analysts Set New Price Targets

Several brokerages have commented on MODV. Stephens dropped their price target on ModivCare from $7.00 to $3.50 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Barrington Research dropped their target price on shares of ModivCare from $10.00 to $6.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Finally, Lake Street Capital cut their target price on shares of ModivCare from $30.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, January 13th.

Insider Buying and Selling at ModivCare

In other ModivCare news, major shareholder Catalyst Fund Lp Ai acquired 187,500 shares of ModivCare stock in a transaction dated Monday, February 3rd. The stock was bought at an average cost of $3.87 per share, with a total value of $725,625.00. Following the acquisition, the insider now owns 2,130,000 shares of the company’s stock, valued at approximately $8,243,100. The trade was a 9.65 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

ModivCare Company Profile

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.