Medallia (NYSE:MDLA) Issues Earnings Results

Medallia (NYSE:MDLA) released its quarterly earnings data on Thursday. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.17, Briefing.com reports. The company had revenue of $103.07 million during the quarter, compared to analyst estimates of $96.22 million. The company’s quarterly revenue was up 27.0% compared to the same quarter last year.

Shares of Medallia stock opened at $28.01 on Friday. The company has a 50-day simple moving average of $29.34. Medallia has a 52-week low of $23.76 and a 52-week high of $44.72.

In other Medallia news, Director Douglas M. Leone purchased 399,265 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $28.12 per share, for a total transaction of $11,227,331.80.

A number of research firms have recently issued reports on MDLA. CIBC initiated coverage on shares of Medallia in a research note on Tuesday, August 13th. They set an “outperform” rating and a $55.00 target price for the company. Citigroup began coverage on shares of Medallia in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $40.00 price target on the stock. SunTrust Banks initiated coverage on shares of Medallia in a report on Tuesday, August 13th. They issued a “buy” rating and a $47.00 price target on the stock. Oppenheimer restated a “buy” rating and set a $55.00 price objective on shares of Medallia in a research report on Friday. Finally, William Blair began coverage on shares of Medallia in a research report on Tuesday, August 13th. They set an “outperform” rating for the company. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $46.43.

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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