Medidata Solutions Sees Large Growth in Short Interest (MDSO)
Medidata Solutions (NASDAQ:MDSO) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 4,826,050 shares, a growth of 41.8% from the April 15th total of 3,402,461 shares, StockRatingsNetwork reports. Approximately 9.3% of the company’s stock are short sold. Based on an average daily volume of 2,527,073 shares, the days-to-cover ratio is currently 1.9 days.
A number of research firms have recently commented on MDSO. Analysts at Ned Davis Research upgraded shares of Medidata Solutions from a “sell” rating to a “neutral” rating in a research note on Monday, April 28th. Separately, analysts at SunTrust reiterated a “buy” rating on shares of Medidata Solutions in a research note on Wednesday, April 23rd. They now have a $50.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Medidata Solutions in a research note on Wednesday, April 23rd. They now have a $53.00 price target on the stock. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Medidata Solutions currently has an average rating of “Buy” and an average price target of $59.24.
Medidata Solutions (NASDAQ:MDSO) opened at 34.73 on Thursday. Medidata Solutions has a one year low of $32.10 and a one year high of $68.21. The stock’s 50-day moving average is $44.58 and its 200-day moving average is $55.91. The company has a market cap of $1.816 billion and a P/E ratio of 205.14.
Medidata Solutions (NASDAQ:MDSO) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.05. The company had revenue of $76.60 million for the quarter, compared to the consensus estimate of $79.50 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. On average, analysts predict that Medidata Solutions will post $0.75 earnings per share for the current fiscal year.
Medidata Solutions, Inc (NASDAQ:MDSO) is a global provider of software-as-a-service (SaaS), clinical technology solutions.
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