Medallia (NASDAQ:MDLA) Posts Earnings Results, Beats Estimates By $0.09 EPS

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Medallia (NASDAQ:MDLA) posted its quarterly earnings data on Thursday. The company reported ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.09, Briefing.com reports. The company had revenue of $95.70 million for the quarter, compared to analysts’ expectations of $91.32 million. The firm’s quarterly revenue was up 26.9% on a year-over-year basis.

NASDAQ MDLA opened at $34.17 on Friday. The business has a 50 day simple moving average of $38.34. Medallia has a 12 month low of $32.05 and a 12 month high of $44.72.

A number of research analysts have recently weighed in on the company. Citigroup assumed coverage on Medallia in a research report on Tuesday, August 13th. They set a “neutral” rating and a $40.00 price objective on the stock. Stephens assumed coverage on shares of Medallia in a report on Monday, July 29th. They set an “overweight” rating and a $52.00 price target on the stock. Oppenheimer assumed coverage on shares of Medallia in a report on Tuesday, August 13th. They set an “outperform” rating and a $55.00 price target on the stock. SunTrust Banks assumed coverage on shares of Medallia in a report on Tuesday, August 13th. They set a “buy” rating and a $47.00 price target on the stock. Finally, William Blair assumed coverage on shares of Medallia in a report on Tuesday, August 13th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $47.62.

In related news, Director Borge Hald sold 1,765,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $19.53, for a total value of $34,470,450.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Medallia Company Profile

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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