ModivCare (MODV) to Release Quarterly Earnings on Thursday

ModivCare (NASDAQ:MODV) is projected to post its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect ModivCare to post earnings of ($0.10) per share and revenue of $703.30 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

ModivCare Price Performance

NASDAQ MODV opened at $4.96 on Tuesday. The company has a 50 day simple moving average of $7.74 and a 200-day simple moving average of $15.02. The company has a debt-to-equity ratio of 103.63, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $70.88 million, a price-to-earnings ratio of -0.39, a price-to-earnings-growth ratio of 3.46 and a beta of 0.55. ModivCare has a 52-week low of $3.64 and a 52-week high of $33.64.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barrington Research reduced their price target on shares of ModivCare from $25.00 to $10.00 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. Lake Street Capital reduced their price target on shares of ModivCare from $30.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, Stephens reissued an “equal weight” rating and issued a $17.00 price target (down from $21.00) on shares of ModivCare in a research report on Friday, January 10th.

Insider Transactions at ModivCare

In related news, major shareholder Catalyst Fund Lp Ai acquired 187,500 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was bought at an average cost of $3.87 per share, with a total value of $725,625.00. Following the completion of the acquisition, the insider now owns 2,130,000 shares in the company, valued at $8,243,100. The trade was a 9.65 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Q Global Capital Management, L acquired 1,583 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were bought at an average cost of $17.75 per share, with a total value of $28,098.25. Following the completion of the acquisition, the insider now owns 1,921,633 shares of the company’s stock, valued at approximately $34,108,985.75. This trade represents a 0.08 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 393,306 shares of company stock worth $1,786,240. Insiders own 1.20% of the company’s stock.

ModivCare Company Profile

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