ModivCare (MODV) to Release Quarterly Earnings on Thursday

ModivCare (NASDAQ:MODV - Get Free Report) is expected to release its earnings data 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. Persons interested in registering for the company's earnings conference call can do so using this link.

ModivCare Stock Down 18.1 %

NASDAQ MODV traded down $0.73 on Friday, hitting $3.30. 507,485 shares of the stock were exchanged, compared to its average volume of 684,830. ModivCare has a fifty-two week low of $3.22 and a fifty-two week high of $33.64. The company has a 50-day moving average price of $7.28 and a 200-day moving average price of $14.74. The company has a market cap of $47.17 million, a PE ratio of -0.26, a PEG 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.

Analysts Set New Price Targets

MODV has been the topic of several recent analyst reports. Lake Street Capital dropped their target price on ModivCare from $30.00 to $10.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Barrington Research cut their target price on ModivCare from $25.00 to $10.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 14th. Finally, Stephens restated an "equal weight" rating and set a $17.00 target price (down previously from $21.00) on shares of ModivCare in a research note on Friday, January 10th.

Insider Activity

In other ModivCare news, major shareholder Q Global Capital Management, L sold 262,532 shares of ModivCare stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $6.53, for a total value of $1,714,333.96. Following the transaction, the insider now directly owns 1,221,933 shares in the company, valued at approximately $7,979,222.49. This trade represents a 17.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Catalyst Fund Lp Ai acquired 187,500 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average price of $3.87 per share, for a total transaction of $725,625.00. Following the completion of the transaction, 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 disclosure for this purchase can be found here. Over the last ninety days, insiders bought 392,982 shares of company stock valued at $1,780,491. 1.20% of the stock is currently owned by company insiders.

About ModivCare

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.