ModivCare (MODV) to Release Quarterly Earnings on Thursday

ModivCare (NASDAQ:MODV) is expected to be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $703.30 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

ModivCare Stock Performance

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

Insider Activity

In other news, major shareholder Catalyst Fund Lp Ai acquired 187,500 shares of ModivCare 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 purchase, the insider now owns 2,130,000 shares of the company’s stock, valued at $8,243,100. This represents a 9.65 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Q Global Capital Management, L acquired 3,352 shares of ModivCare stock in a transaction on Wednesday, December 4th. The shares were purchased at an average cost of $17.74 per share, with a total value of $59,464.48. Following the completion of the purchase, the insider now directly owns 1,924,985 shares of the company’s stock, valued at approximately $34,149,233.90. This represents a 0.17 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 393,306 shares of company stock worth $1,786,240. Corporate insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MODV shares. Lake Street Capital reduced their price objective 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. Barrington Research reduced their price objective 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. Finally, Stephens restated an “equal weight” rating and set a $17.00 price objective (down previously from $21.00) on shares of ModivCare in a research report on Friday, January 10th.

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.