Lake Street Capital upgraded shares of ModivCare (NASDAQ:MODV – Free Report) from a hold rating to a buy rating in a research note published on Monday morning, MarketBeat Ratings reports. The firm currently has $50.00 target price on the stock.
A number of other equities analysts also recently issued reports on MODV. Deutsche Bank Aktiengesellschaft downgraded shares of ModivCare from a buy rating to a hold rating and cut their price objective for the stock from $60.00 to $40.00 in a report on Friday, February 23rd. Barrington Research downgraded shares of ModivCare from an outperform rating to a market perform rating in a research report on Monday, February 26th. Finally, Jefferies Financial Group lowered shares of ModivCare from a buy rating to a hold rating and decreased their price objective for the company from $60.00 to $39.00 in a research note on Friday, February 23rd. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and an average price target of $49.25.
View Our Latest Stock Analysis on MODV
ModivCare Trading Down 0.2 %
ModivCare (NASDAQ:MODV – Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.13 by $0.05. ModivCare had a positive return on equity of 34.93% and a negative net margin of 8.02%. The firm had revenue of $703.22 million during the quarter, compared to the consensus estimate of $699.34 million. As a group, research analysts predict that ModivCare will post 4.15 earnings per share for the current fiscal year.
Hedge Funds Weigh In On ModivCare
Several institutional investors have recently added to or reduced their stakes in MODV. Strs Ohio grew its position in shares of ModivCare by 1,400.0% during the 3rd quarter. Strs Ohio now owns 6,000 shares of the company’s stock valued at $189,000 after acquiring an additional 5,600 shares during the period. Skylands Capital LLC bought a new position in ModivCare during the third quarter valued at $436,000. Allspring Global Investments Holdings LLC grew its holdings in ModivCare by 27.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,854 shares of the company’s stock valued at $153,000 after purchasing an additional 1,043 shares during the period. Signaturefd LLC increased its position in ModivCare by 388.6% in the third quarter. Signaturefd LLC now owns 816 shares of the company’s stock worth $26,000 after buying an additional 649 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of ModivCare in the third quarter valued at $1,222,000.
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.
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