NASDAQ:MODV

ModivCare (MODV) Stock Price, News & Analysis

$26.33
-0.46 (-1.72%)
(As of 05/7/2024 ET)
Today's Range
$25.73
$27.66
50-Day Range
$20.13
$33.14
52-Week Range
$19.64
$59.51
Volume
394,817 shs
Average Volume
263,182 shs
Market Capitalization
$373.89 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$49.25

ModivCare MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
87.0% Upside
$49.25 Price Target
Short Interest
Healthy
6.65% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.02
Upright™ Environmental Score
News Sentiment
-0.12mentions of ModivCare in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
30.36%
From $4.15 to $5.41 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.65 out of 5 stars

Medical Sector

70th out of 903 stocks

Transportation Services Industry

2nd out of 15 stocks

MODV stock logo

About ModivCare Stock (NASDAQ:MODV)

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. The company offers risk underwriting, contact center management, network credentialing, claims management, and non-emergency medical transport management services for Medicaid or Medicare eligible members, whose limited mobility or financial resources hinder their ability to access necessary healthcare and social services. It also provides in-home personal care services, such as bathing, personal hygiene, grooming, oral care, dressing, medication reminders, meal planning, preparation and feeding, housekeeping, transportation services, prescription reminders, and assistance with dressing and ambulation services through placing non-medical personal care assistants, home health aides, and skilled nurses primarily to Medicaid patients in need of care monitoring and assistance in performing daily living activities, including senior citizens and disabled adults. In addition, the company offers remote patient monitoring solutions, including personal emergency response systems, vitals monitoring, medication management, and data-driven patient engagement solutions. It serves federal, state, and local government agencies, MCOs, commercial insurers, private individuals, and health systems. The company was formerly known as The Providence Service Corporation and changed its name to ModivCare Inc. in January 2021. ModivCare Inc. was incorporated in 1996 and is headquartered in Denver, Colorado.

MODV Stock Price History

MODV Stock News Headlines

The new financial threat that could wipe out millions…
During the Internet boom, companies like Pets.com were supposed to be promising investments riding the wave of a new tech boom. But then they were gone within a blink of an eye. One of the most successful investors in history just stepped forward to say the same thing is about to happen to AI stocks.
Lake Street Reaffirms Their Hold Rating on ModivCare (MODV)
The new financial threat that could wipe out millions…
During the Internet boom, companies like Pets.com were supposed to be promising investments riding the wave of a new tech boom. But then they were gone within a blink of an eye. One of the most successful investors in history just stepped forward to say the same thing is about to happen to AI stocks.
Here's what Wall Street expects from ModivCare's earnings report
GE Vernova And Solventum Set To Join S&P 500
MODV Apr 2024 25.000 call
MODV Apr 2024 30.000 call
MODV Apr 2024 30.000 put
ModivCare just downgraded at Barrington, here's why
Jefferies Downgrades ModivCare (MODV)
ModivCare just downgraded at Lake Street, here's why
ModivCare Shares Fall After 1Q View Misses Expectations
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
5/07/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Transportation services
Sub-Industry
N/A
Current Symbol
NASDAQ:MODV
Employees
21,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$49.25
High Stock Price Target
$68.00
Low Stock Price Target
$39.00
Potential Upside/Downside
+87.0%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$-204,460,000.00
Pretax Margin
-8.04%

Debt

Sales & Book Value

Annual Sales
$2.76 billion
Cash Flow
$25.32 per share
Book Value
$11.01 per share

Miscellaneous

Free Float
12,650,000
Market Cap
$373.89 million
Optionable
Optionable
Beta
0.43
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Key Executives

  • Mr. L. Heath SampsonMr. L. Heath Sampson (Age 53)
    CEO, President, Interim President of Modivcare Home & Director
    Comp: $905.84k
  • Mr. Ilias Simpson (Age 40)
    Executive Officer
    Comp: $1M
  • Ms. Barbara K. Gutierrez CPA (Age 60)
    Chief Financial Officer
  • Ms. Rebecca Orcutt (Age 38)
    Senior VP & Chief Accounting Officer
  • Ms. Jessica Kral
    Chief Information Officer
  • Mr. Kevin Kim Ellich
    Head of Investor Relations
  • Ms. Jody Kepler J.D. (Age 54)
    L.L.M., Chief Compliance Officer
  • Kate Zerone
    Director of Ombudsman & Communications
  • Mr. Henry Toledo
    Chief People Officer
  • Mr. Kenneth Shepard (Age 43)
    Chief Financial Officer of NEMT Business-ModivCare Mobility

MODV Stock Analysis - Frequently Asked Questions

Should I buy or sell ModivCare stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ModivCare in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MODV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MODV, but not buy additional shares or sell existing shares.
View MODV analyst ratings
or view top-rated stocks.

What is ModivCare's stock price target for 2024?

4 Wall Street analysts have issued 1 year target prices for ModivCare's shares. Their MODV share price targets range from $39.00 to $68.00. On average, they expect the company's stock price to reach $49.25 in the next year. This suggests a possible upside of 87.0% from the stock's current price.
View analysts price targets for MODV
or view top-rated stocks among Wall Street analysts.

How have MODV shares performed in 2024?

ModivCare's stock was trading at $43.99 at the beginning of the year. Since then, MODV shares have decreased by 40.1% and is now trading at $26.33.
View the best growth stocks for 2024 here
.

Are investors shorting ModivCare?

ModivCare saw a decline in short interest during the month of April. As of April 15th, there was short interest totaling 925,900 shares, a decline of 27.7% from the March 31st total of 1,280,000 shares. Based on an average daily trading volume, of 285,800 shares, the days-to-cover ratio is presently 3.2 days. Approximately 6.7% of the shares of the stock are sold short.
View ModivCare's Short Interest
.

When is ModivCare's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our MODV earnings forecast
.

How were ModivCare's earnings last quarter?

ModivCare Inc. (NASDAQ:MODV) announced its quarterly earnings results on Thursday, February, 22nd. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.05. The company earned $703.22 million during the quarter, compared to analyst estimates of $699.34 million. ModivCare had a negative net margin of 8.02% and a positive trailing twelve-month return on equity of 34.93%.

What guidance has ModivCare issued on next quarter's earnings?

ModivCare updated its FY 2024 earnings guidance on Friday, May, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.7 billion-$2.9 billion, compared to the consensus revenue estimate of $2.8 billion.

Who are ModivCare's major shareholders?

ModivCare's stock is owned by many different retail and institutional investors. Top institutional shareholders include Sei Investments Co. (0.48%), Principal Financial Group Inc. (0.45%), Susquehanna Portfolio Strategies LLC (0.17%), Steamboat Capital Partners LLC (0.15%) and Central Pacific Bank Trust Division (0.03%). Insiders that own company stock include Coliseum Capital Management, L, Daniel E Greenleaf and L Heath Sampson.
View institutional ownership trends
.

How do I buy shares of ModivCare?

Shares of MODV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MODV) was last updated on 5/8/2024 by MarketBeat.com Staff

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