Medallia (NYSE:MDLA) has been given an average rating of “Buy” by the sixteen ratings firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $39.08.

Several equities research analysts have commented on MDLA shares. Craig Hallum boosted their target price on Medallia from $30.00 to $35.00 in a research note on Wednesday, June 3rd. Needham & Company LLC reissued a “buy” rating and issued a $35.00 price objective on shares of Medallia in a research report on Wednesday, July 1st. Wells Fargo & Co raised their target price on shares of Medallia from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. SunTrust Banks lifted their price target on shares of Medallia from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Finally, Zacks Investment Research downgraded shares of Medallia from a “buy” rating to a “hold” rating in a research note on Friday, June 5th.

MDLA stock opened at $30.73 on Tuesday. The stock has a 50-day moving average price of $28.17 and a two-hundred day moving average price of $25.80. The stock has a market cap of $4.34 billion and a PE ratio of -18.40. Medallia has a 1 year low of $16.04 and a 1 year high of $43.05.

Medallia (NYSE:MDLA) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $112.69 million for the quarter, compared to analyst estimates of $107.03 million. Medallia had a negative return on equity of 34.02% and a negative net margin of 33.76%. Medallia’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities analysts expect that Medallia will post -0.63 earnings per share for the current year.

In related news, CFO Roxanne Oulman sold 7,862 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $21.58, for a total transaction of $169,661.96. Following the transaction, the chief financial officer now directly owns 492,854 shares of the company’s stock, valued at approximately $10,635,789.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Leslie Stretch sold 31,216 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $27.56, for a total value of $860,312.96. Following the completion of the sale, the chief executive officer now owns 1,797,915 shares in the company, valued at approximately $49,550,537.40. The disclosure for this sale can be found here. Insiders sold a total of 703,851 shares of company stock valued at $19,941,886 over the last quarter.

Several institutional investors and hedge funds have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in Medallia during the second quarter worth about $252,000. Jane Street Group LLC bought a new position in Medallia in the 1st quarter valued at about $331,000. Wells Fargo & Company MN raised its position in shares of Medallia by 542.2% in the 1st quarter. Wells Fargo & Company MN now owns 335,716 shares of the company’s stock valued at $6,727,000 after buying an additional 283,441 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Medallia by 33.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 132,024 shares of the company’s stock worth $2,646,000 after acquiring an additional 32,946 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Medallia by 142.8% during the 1st quarter. BlackRock Inc. now owns 1,933,470 shares of the company’s stock worth $38,746,000 after acquiring an additional 1,137,019 shares in the last quarter. 79.47% of the stock is currently owned by institutional investors.

About Medallia

Medallia, Inc provides an enterprise Software-as-a-Service platform in North America, Europe, the Middle East, Africa, and internationally. The company's platform utilizes deep learning-based artificial intelligence technology to analyze structured and unstructured data from signal fields in human, digital, and Internet of Things interactions.

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Analyst Recommendations for Medallia (NYSE:MDLA)

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