NASDAQ:MEDPMedpace Stock Price, Forecast & News

Medpace's stock was trading at $83.64 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MEDP stock has increased by 49.3% and is now trading at $124.84.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Medpace in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Medpace is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
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Medpace Holdings Inc (NASDAQ:MEDP) issued its quarterly earnings data on Monday, July, 27th. The company reported $0.68 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.40 by $0.28. The business had revenue of $205 million for the quarter, compared to the consensus estimate of $181.17 million. Medpace had a net margin of 12.11% and a return on equity of 16.05%. The firm's revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 EPS.
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Medpace updated its FY20 earnings guidance on Monday, July, 27th. The company provided earnings per share (EPS) guidance of $3.62-3.83 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.33. The company issued revenue guidance of $880-920 million, compared to the consensus revenue estimate of $831.87 million.

5 brokers have issued 1 year price objectives for Medpace's shares. Their forecasts range from $75.00 to $124.00. On average, they expect Medpace's stock price to reach $97.67 in the next twelve months. This suggests that the stock has a possible downside of 21.8%.
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News headlines about MEDP stock have been trending very positive this week, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Medpace earned a media sentiment score of 4.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days.
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Some companies that are related to Medpace include EXACT Sciences (EXAS), PPD (PPD), Charles River Laboratories Intl. (CRL), Icon (ICLR), Exelixis (EXEL), PRA Health Sciences (PRAH), Syneos Health (SYNH), BTG (BTGGF), National Research (NRC), Precigen (PGEN), STARPHARMA HOLD/S (SPHRY), Anavex Life Sciences (AVXL), Luna Innovations (LUNA), Pieris Pharmaceuticals (PIRS) and Eloxx Pharmaceuticals (ELOX).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Medpace investors own include NVIDIA (NVDA), EXACT Sciences (EXAS), Baidu (BIDU), Alibaba Group (BABA), Square (SQ), JD.Com (JD), Trade Desk (TTD), Adobe (ADBE), Alteryx (AYX) and Cisco Systems (CSCO).

(MEDP) raised $150 million in an IPO on Thursday, August 11th 2016. The company issued 7,000,000 shares at a price of $20.00-$23.00 per share. Jefferies, Credit Suisse, UBS Investment Bank and Wells Fargo Securities served as the underwriters for the IPO and Baird and William Blair were co-managers.

Medpace trades on the NASDAQ under the ticker symbol "MEDP."

Medpace's stock is owned by a number of institutional and retail investors. Top institutional investors include Pendal Group Ltd (3.04%), Boston Trust Walden Corp (1.11%), Fisher Asset Management LLC (1.01%), Principal Financial Group Inc. (0.63%), Redwood Investments LLC (0.62%) and Tributary Capital Management LLC (0.55%). Company insiders that own Medpace stock include August J Troendle, Jesse J Geiger, Medpace Investors, Llc, Medpace Limited Partnership, Stephen P Ewald and Susan E Burwig.
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MEDP stock was sold by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, WINTON GROUP Ltd, Russell Investments Group Ltd., Mackay Shields LLC, Fisher Asset Management LLC, Pendal Group Ltd, First Trust Advisors LP, and Principal Financial Group Inc.. Company insiders that have sold Medpace company stock in the last year include August J Troendle, Jesse J Geiger, Medpace Investors, Llc, Stephen P Ewald, and Susan E Burwig.
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MEDP stock was acquired by a variety of institutional investors in the last quarter, including Boston Trust Walden Corp, Redwood Investments LLC, Raymond James & Associates, Tributary Capital Management LLC, SG Americas Securities LLC, Congress Asset Management Co. MA, Swiss National Bank, and Great Lakes Advisors LLC.
View insider buying and selling activity for Medpace.

Shares of MEDP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MEDP stock can currently be purchased for approximately $124.84.

Medpace has a market capitalization of $4.42 billion and generates $860.97 million in revenue each year. The company earns $100.44 million in net income (profit) each year or $3.02 on an earnings per share basis. Medpace employs 3,500 workers across the globe.

The official website for Medpace is www.medpace.com.

Medpace's mailing address is 5375 MEDPACE WAY, CINCINNATI OH, 45227. The company can be reached via phone at 513-579-9911 or via email at [email protected]