Medallia (NYSE:MDLA) Trading Up 12.2%

Medallia (NYSE:MDLA) was up 12.2% on Thursday . The company traded as high as $31.99 and last traded at $31.97, approximately 2,163,900 shares traded hands during trading. An increase of 128% from the average daily volume of 950,216 shares. The stock had previously closed at $28.50.

Several equities analysts recently issued reports on the stock. Oppenheimer restated a “buy” rating and issued a $55.00 target price on shares of Medallia in a report on Friday, December 6th. Credit Suisse Group decreased their price target on Medallia from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, December 6th. Zacks Investment Research lowered Medallia from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Craig Hallum reissued a “buy” rating and issued a $40.00 price objective (down from $45.00) on shares of Medallia in a research note on Friday, September 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective on shares of Medallia in a research note on Monday. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Medallia presently has a consensus rating of “Buy” and an average target price of $46.43.

The firm’s 50-day simple moving average is $29.51.

Medallia (NYSE:MDLA) last issued its earnings results on Thursday, December 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.17. The company had revenue of $103.07 million for the quarter, compared to the consensus estimate of $96.22 million. Medallia’s revenue was up 27.0% compared to the same quarter last year. On average, analysts forecast that Medallia will post -1.32 earnings per share for the current year.

In related news, EVP Mikael J. Ottosson sold 50,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $28.12, for a total value of $1,406,000.00. Following the completion of the sale, the executive vice president now directly owns 100,000 shares of the company’s stock, valued at approximately $2,812,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Large investors have recently modified their holdings of the company. Metropolitan Life Insurance Co NY bought a new stake in shares of Medallia during the third quarter worth about $28,000. Herald Investment Management Ltd acquired a new position in Medallia during the 3rd quarter valued at about $54,000. Oppenheimer Asset Management Inc. acquired a new position in Medallia during the 3rd quarter valued at about $296,000. Man Group plc acquired a new position in Medallia during the 3rd quarter valued at about $428,000. Finally, Dean Capital Investments Management LLC bought a new stake in Medallia during the 3rd quarter worth approximately $444,000. 60.30% of the stock is currently owned by institutional investors.

Medallia Company Profile (NYSE:MDLA)

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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