Mongodb (MDB) Upgraded to “Buy” at Needham & Company LLC

Needham & Company LLC upgraded shares of Mongodb (NASDAQ:MDB) from a hold rating to a buy rating in a research report sent to investors on Wednesday, Marketbeat reports. Needham & Company LLC currently has $34.00 target price on the stock. The analysts noted that the move was a valuation call.

A number of other brokerages have also recently issued reports on MDB. Barclays began coverage on Mongodb in a report on Monday, November 13th. They set an overweight rating and a $38.00 price objective for the company. Goldman Sachs Group began coverage on Mongodb in a report on Monday, November 13th. They set a neutral rating and a $30.00 price objective for the company. JMP Securities began coverage on Mongodb in a report on Monday, November 13th. They set a market perform rating for the company. Morgan Stanley began coverage on Mongodb in a report on Monday, November 13th. They set an equal weight rating and a $31.00 price objective for the company. Finally, Stifel Nicolaus began coverage on Mongodb in a report on Monday, November 13th. They set a buy rating and a $34.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $33.33.

Mongodb (NASDAQ:MDB) opened at $29.96 on Wednesday. Mongodb has a twelve month low of $24.62 and a twelve month high of $34.00.

Mongodb (NASDAQ:MDB) last issued its quarterly earnings data on Tuesday, December 12th. The company reported ($1.39) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.49) by ($0.90). The business had revenue of $41.50 million during the quarter, compared to the consensus estimate of $37.21 million. Mongodb’s revenue was up 57.8% compared to the same quarter last year. equities analysts forecast that Mongodb will post -1.9 EPS for the current year.

Large investors have recently made changes to their positions in the company. Thompson Davis & CO. Inc. acquired a new stake in shares of Mongodb in the fourth quarter valued at $103,000. Brighton Jones LLC acquired a new stake in shares of Mongodb in the fourth quarter valued at $214,000. Wolverine Trading LLC acquired a new stake in shares of Mongodb in the fourth quarter valued at $295,000. Bamco Inc. NY acquired a new stake in shares of Mongodb in the fourth quarter valued at $297,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Mongodb in the fourth quarter valued at $445,000. Institutional investors own 3.18% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Mongodb (MDB) Upgraded to “Buy” at Needham & Company LLC” was originally reported by Week Herald and is the sole property of of Week Herald. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://weekherald.com/2018/02/18/mongodb-mdb-upgraded-to-buy-at-needham-company-llc.html.

About Mongodb

MongoDB, Inc is a modern, general purpose database platform. Its platform is designed to run applications at scale across a broad range of use cases in the cloud, on-premise or in a hybrid environment. Its primary subscription package is MongoDB Enterprise Advanced, which includes its proprietary database server, security, enterprise management capabilities, its graphical user interface, analytics integrations and technical support.

Analyst Recommendations for Mongodb (NASDAQ:MDB)

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Mongodb (MDB) Upgraded to “Buy” at Needham & Company LLC

Needham & Company LLC upgraded shares of Mongodb (NASDAQ:MDB) from a hold rating to a buy rating in a research report sent to investors on Wednesday, MarketBeat Ratings reports. Needham & Company LLC currently has $34.00 price target on the stock. The analysts noted that the move was a valuation call.

A number of other brokerages have also commented on MDB. Zacks Investment Research lowered Mongodb from a buy rating to a hold rating in a research report on Wednesday, January 17th. ValuEngine upgraded Mongodb from a sell rating to a hold rating in a research report on Sunday, December 31st. Barclays initiated coverage on Mongodb in a research report on Monday, November 13th. They issued an overweight rating and a $38.00 price objective for the company. Morgan Stanley lowered their price objective on Mongodb from $33.00 to $32.00 and set an equal weight rating for the company in a research report on Tuesday, January 30th. Finally, Nomura initiated coverage on Mongodb in a research report on Tuesday, January 23rd. They issued a neutral rating and a $30.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $33.33.

Shares of Mongodb (MDB) opened at $29.96 on Wednesday. Mongodb has a 12 month low of $24.62 and a 12 month high of $34.00.

Mongodb (NASDAQ:MDB) last announced its quarterly earnings data on Tuesday, December 12th. The company reported ($1.39) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.49) by ($0.90). The company had revenue of $41.50 million during the quarter, compared to analysts’ expectations of $37.21 million. Mongodb’s revenue for the quarter was up 57.8% compared to the same quarter last year. analysts forecast that Mongodb will post -1.9 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Union Square GP 2008 L.L.C. acquired a new position in shares of Mongodb during the 4th quarter worth about $117,307,000. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Mongodb during the 4th quarter worth about $37,571,000. Schf GPE LLC acquired a new position in shares of Mongodb during the 4th quarter worth about $23,687,000. Wells Fargo & Company MN acquired a new position in shares of Mongodb during the 4th quarter worth about $14,839,000. Finally, Millennium Management LLC acquired a new position in shares of Mongodb during the 4th quarter worth about $11,579,000. Hedge funds and other institutional investors own 3.18% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Mongodb (MDB) Upgraded to “Buy” at Needham & Company LLC” was originally published by Week Herald and is the sole property of of Week Herald. If you are accessing this report on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The correct version of this report can be read at https://weekherald.com/2018/02/18/mongodb-mdb-upgraded-to-buy-at-needham-company-llc.html.

About Mongodb

MongoDB, Inc is a modern, general purpose database platform. Its platform is designed to run applications at scale across a broad range of use cases in the cloud, on-premise or in a hybrid environment. Its primary subscription package is MongoDB Enterprise Advanced, which includes its proprietary database server, security, enterprise management capabilities, its graphical user interface, analytics integrations and technical support.

Analyst Recommendations for Mongodb (NASDAQ:MDB)

Receive News & Ratings for Mongodb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mongodb and related companies with MarketBeat.com's FREE daily email newsletter.

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