Medallia (NYSE:MDLA)‘s stock had its “buy” rating reissued by Needham & Company LLC in a report issued on Monday, AnalystRatings.com reports. They currently have a $45.00 target price on the stock. Needham & Company LLC’s target price would indicate a potential upside of 54.43% from the stock’s current price.
A number of other equities analysts have also issued reports on MDLA. Bank of America initiated coverage on Medallia in a research report on Tuesday, August 13th. They issued a “buy” rating and a $50.00 target price on the stock. Craig Hallum reissued a “buy” rating and set a $40.00 price target (down previously from $45.00) on shares of Medallia in a research report on Friday, September 6th. Zacks Investment Research lowered shares of Medallia from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. CIBC began coverage on shares of Medallia in a report on Tuesday, August 13th. They issued an “outperform” rating and a $55.00 price target on the stock. Finally, Wells Fargo & Co began coverage on shares of Medallia in a research note on Tuesday, August 13th. They set an “outperform” rating and a $45.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Medallia has an average rating of “Buy” and an average target price of $46.43.
Shares of NYSE:MDLA traded up $1.13 during trading on Monday, hitting $29.14. The company’s stock had a trading volume of 2,812 shares, compared to its average volume of 639,172. Medallia has a fifty-two week low of $23.76 and a fifty-two week high of $44.72. The firm’s 50-day simple moving average is $29.34.
In other news, Director Douglas M. Leone bought 399,265 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $28.12 per share, for a total transaction of $11,227,331.80.
Several large investors have recently modified their holdings of the business. Metropolitan Life Insurance Co NY bought a new position in shares of Medallia in the 3rd quarter worth about $28,000. Millennium Management LLC acquired a new position in shares of Medallia in the 3rd quarter valued at about $709,000. Man Group plc acquired a new position in shares of Medallia in the 3rd quarter valued at about $428,000. Raging Capital Management LLC bought a new stake in shares of Medallia during the 3rd quarter valued at about $2,310,000. Finally, Symmetry Peak Management LLC bought a new stake in shares of Medallia during the 3rd quarter valued at about $699,000. 60.30% of the stock is currently owned by institutional investors.
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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