The shares of MongoDB, Inc. (NASDAQ:MDB) has been pegged with a rating of Buy by Needham in its latest research note that was published on December 6th, 2018. The research company has also assigned a $91 price target. Needham wasn’t the only research firm that published a report of MongoDB, Inc., with other equities research analysts also giving their opinion on the stock. Monness Crespi & Hardt advised investors in its research note published on December 6th, 2018, to Buy the MDB stock while also putting a $110 price target. The stock had earned Buy rating from Canaccord Genuity when it published its report on December 6th, 2018. That day the Canaccord Genuity set price target on the stock to $95. The stock was given Outperform rating by Oppenheimer in its report released on October 17th, 2018, the day when the price target on the stock was placed at $80. Nomura was of a view that MDB is Reduce in its latest report on October 2nd, 2018. Barclays thinks that MDB is worth Overweight rating. This was contained in the firm’s report on September 17th, 2018 in which the stock’s price target was also moved to $105.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 6 believe it has the potential for further growth, thus rating it as Hold while 4 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $92.31. The price of the stock the last time has raised by 223.68% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 54.48.
The shares of the company dipped by -8.94% during the trading session on Tuesday, reaching a low of $96.18 while ending the day at $98.27. During the trading session, a total of 3.32 million shares were traded which represents a -165.73% decline from the average session volume which is 1.25M shares. MDB had ended its last session trading at 107.92. MongoDB, Inc. currently has a market cap of $5.11B while its P/E earnings growth sits at 23.71. MongoDB, Inc. debt-to-equity ratio currently stands at 1.08, while its quick ratio hovers at 3.40. MDB 52-week low price stands at $30.36 while its 52-week high price is $109.97.
The company in its last quarterly report recorded -$0.30 earnings per share which is above the -$0.40 predicted by most analysts. The MongoDB, Inc. generated $64.99 million in revenue during the last quarter, which is slightly higher than the $60.25 million predicted by analysts. In the second quarter last year, the firm recorded -$0.41 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -36.67%. MongoDB, Inc. has the potential to record -2.31 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Tudor Pickering published a research note on February 6th, 2019 where it informed investors and clients that Plains All American Pipeline, L.P. (NYSE:PAA) is now rated as Buy. Monness Crespi & Hardt also rated PAA as Reiterated on December 6th, 2018, with its price target of $110 suggesting that PAA could surge by 15.52% from its current share price. Even though the stock has been trading at $23.74/share, analysts expect it to surge higher by -1.18% to reach $27.77/share. It started the day trading at $23.84 and traded between $23.41 and $23.46 throughout the trading session.
A look at its technical shows that PAA’s 50-day SMA is 22.81 while its 200-day SMA stands at 23.90. The stock has a high of $27.70 for the year while the low is $19.33. The company’s P/E ratio currently sits at 9.03, while the P/B ratio is 1.88. The company’s average trading volume currently stands at 3.27M shares, which means that the short-interest ratio is just 3.47 days. Over the past seven days, the company moved, with its shift of -3.42%. Looking further, the stock has raised 7.71% over the past 90 days while it lost -13.53% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Harvest Fund Advisors LLC sold more PAA shares, decreasing its portfolio by -0.85% during the last quarter. This move now sees Harvest Fund Advisors LLC selling -361,106 shares in the last quarter, thus it now holds 42,108,526 shares of PAA, with a total valuation of $958,811,137. ALPS Advisors Inc meanwhile bought more PAA shares in the recently filed quarter, changing its stake to $889,435,251 worth of shares. Tortoise Capital Advisors LLC followed the path by increasing its PAA portfolio by +7.36% in the quarter. This means that Tortoise Capital Advisors LLC bought 2,663,930 shares in the last quarter and now controls 38,882,509 shares of the PAA stock, with the valuation hitting $885,354,730.
Similarly, JPMorgan Securities LLC increased its Plains All American Pipeline, L.P. shares by +424.59% during the recently filed quarter. After buying 9,854,790 shares in the last quarter, the firm now controls 12,175,807 shares of Plains All American Pipeline, L.P. which are valued at $277,243,125. In the same vein, Brookfield Public Securities Grou increased its Plains All American Pipeline, L.P. shares by during the most recent reported quarter. The firm bought 1,077,109 shares during the quarter which increased its stakes to 11,134,576 shares and is now valued at $253,534,296. Following these latest developments, around 0.10% of Plains All American Pipeline, L.P. stocks are owned by institutional investors and hedge funds.