ModivCare (NASDAQ:MODV) Research Coverage Started at Stephens

Stephens initiated coverage on shares of ModivCare (NASDAQ:MODVGet Rating) in a report released on Tuesday morning, Marketbeat Ratings reports. The firm issued an overweight rating and a $145.00 target price on the stock.

Separately, Deutsche Bank Aktiengesellschaft dropped their target price on shares of ModivCare from $150.00 to $130.00 in a report on Friday, May 6th.

ModivCare Trading Up 2.5 %

MODV stock opened at $105.03 on Tuesday. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.83 and a current ratio of 0.83. The company’s 50-day simple moving average is $93.25 and its 200 day simple moving average is $103.69. ModivCare has a 52 week low of $80.55 and a 52 week high of $211.94. The company has a market capitalization of $1.48 billion, a PE ratio of -57.81, a price-to-earnings-growth ratio of 1.36 and a beta of 0.84.

ModivCare (NASDAQ:MODVGet Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.01). ModivCare had a negative net margin of 1.18% and a positive return on equity of 26.94%. The business had revenue of $574.50 million during the quarter, compared to analyst estimates of $565.77 million. During the same quarter last year, the company posted $1.92 earnings per share. The company’s revenue was up 26.7% on a year-over-year basis. As a group, sell-side analysts anticipate that ModivCare will post 6.29 earnings per share for the current year.

Institutional Trading of ModivCare

Several large investors have recently modified their holdings of MODV. City State Bank acquired a new stake in shares of ModivCare during the 4th quarter worth approximately $78,000. Point72 Hong Kong Ltd acquired a new stake in ModivCare in the 1st quarter valued at $78,000. KBC Group NV grew its position in ModivCare by 28.1% in the 2nd quarter. KBC Group NV now owns 1,070 shares of the company’s stock valued at $90,000 after purchasing an additional 235 shares during the period. Captrust Financial Advisors grew its position in ModivCare by 48.2% in the 1st quarter. Captrust Financial Advisors now owns 1,027 shares of the company’s stock valued at $119,000 after purchasing an additional 334 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in ModivCare by 24.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,062 shares of the company’s stock valued at $123,000 after purchasing an additional 207 shares during the period. Institutional investors and hedge funds own 73.85% of the company’s stock.

About ModivCare

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ModivCare Inc, a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and patients. The company operates through four segments: Non-Emergency Medical Transportation (NEMT), Personal Care, Remote Patient Monitoring (RPM), and the Matrix Investment.

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