NASDAQ:MODV

ModivCare (MODV) Stock Forecast, Price & News

$35.07

-0.47 (-1.32%)

(As of 09/25/2023 ET)

Compare

Today's Range: $34.13
▼
$35.64
50-Day Range: $27.49
▼
$52.59
52-Week Range: $26.20
▼
$113.53

Volume: 218,729 shs
Average Volume: 156,177 shs
Market Capitalization: $497.33 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $67.67

ModivCare MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 92.9% Upside
$67.67 Price Target
Short Interest: Bearish
5.59% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.02
Upright™ Environmental Score
News Sentiment: 1.04
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$31.80 M Bought Last Quarter
Proj. Earnings Growth: 34.85%
From $4.62 to $6.23 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.86 out of 5 stars

Medical Sector

52nd out of 963 stocks

Transportation Services Industry

2nd out of 17 stocks

3.5

Analyst's Opinion

Consensus Rating
ModivCare has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $67.67, ModivCare has a forecasted upside of 92.9% from its current price of $35.07.
Amount of Analyst Coverage
ModivCare has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.59% of the float of ModivCare has been sold short.
Short Interest Ratio / Days to Cover
ModivCare has a short interest ratio ("days to cover") of 4.
Change versus previous month
Short interest in ModivCare has recently increased by 2.32%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
ModivCare does not currently pay a dividend.
Dividend Growth
ModivCare does not have a long track record of dividend growth.

4.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
ModivCare has received a 68.86% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Non-medical home care services for elderly", "Private personal care assistant services", and "Private home care for the elderly" products. See details.
Environmental Sustainability
The Environmental Impact score for ModivCare is -1.02.

3.9

News and Social Media Coverage

News Sentiment
ModivCare has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for ModivCare this week, compared to 2 articles on an average week.
Search Interest
19 people have searched for MODV on MarketBeat in the last 30 days. This is an increase of 138% compared to the previous 30 days.
MarketBeat Follows
10 people have added ModivCare to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ModivCare insiders have bought more of their company's stock than they have sold. Specifically, they have bought $31,797,581.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
10.90% of the stock of ModivCare is held by insiders. A high percentage of insider ownership can be a sign of company health.

3.1

Earnings and Valuation

Earnings Growth
Earnings for ModivCare are expected to grow by 34.85% in the coming year, from $4.62 to $6.23 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ModivCare is -2.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of ModivCare is -2.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
ModivCare has a PEG Ratio of 0.68. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
ModivCare has a P/B Ratio of 1.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About ModivCare (NASDAQ:MODV) Stock

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. Ina 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 based in Denver, Colorado.

MODV Price History

30 days | 90 days | 365 days | Advanced Chart

MODV Stock News Headlines

September 21, 2023 | finance.yahoo.com

Modivcare to Present at the Deutsche Bank 31st Annual Leveraged Finance Conference

September 18, 2023 | insidermonkey.com

Hedge Fund and Insider Trading News: Ray Dalio, John Paulson, Paul Singer, Point72 Asset Management, Bayberry Capital Partners, Iovance Biotherapeutics Inc (IOVA), ModivCare Inc. (MODV), and More

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September 18, 2023 | finance.yahoo.com

Modivcare Announces Successful Implementation of AI Automated Omnichannel Cloud Solution to Improve NEMT Member Experience

September 17, 2023 | americanbankingnews.com

Insider Buying: ModivCare Inc. (NASDAQ:MODV) Director Acquires 204,379 Shares of Stock

September 17, 2023 | americanbankingnews.com

Coliseum Capital Management, L Acquires 125,837 Shares of ModivCare Inc. (NASDAQ:MODV) Stock

September 15, 2023 | markets.businessinsider.com

ModivCare (NASDAQ:MODV): Top Insider Buys Stock; Should Investors Follow?

September 14, 2023 | benzinga.com

ModivCare Insider Trades Send a Signal

September 26, 2023 | Behind the Markets (Ad)

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September 5, 2023 | finance.yahoo.com

Modivcare Appoints Henry "Enrique" Toledo as Chief People Officer

August 25, 2023 | finance.yahoo.com

ModivCare (MODV) Declined on Concerns Around Potential Reimbursement Rate Cuts

August 23, 2023 | msn.com

Modivcare names Barbara Gutierrez CFO

August 23, 2023 | finance.yahoo.com

Modivcare Announces Barbara Gutierrez to Join as Chief Financial Officer

August 11, 2023 | finance.yahoo.com

Coliseum Capital Management, LLC Boosts Stake in ModivCare Inc

August 8, 2023 | markets.businessinsider.com

Analyst Expectations for ModivCare's Future

August 3, 2023 | msn.com

ModivCare (MODV) Misses Q2 Earnings Estimates

August 3, 2023 | markets.businessinsider.com

ModivCare earnings preview: what Wall Street is expecting

July 20, 2023 | finance.yahoo.com

Modivcare to Report Second Quarter 2023 Financial Results

July 18, 2023 | seekingalpha.com

ModivCare: Earnings Power, Asset Factors A Major Headwind To Bullish Re-Rating

July 6, 2023 | msn.com

ModivCare (MODV) Price Target Decreased by 6.70% to 109.99

June 27, 2023 | markets.businessinsider.com

4 Analysts Have This to Say About ModivCare

June 6, 2023 | msn.com

Stephens & Co. Reiterates ModivCare (MODV) Overweight Recommendation

June 5, 2023 | finance.yahoo.com

Modivcare Appoints Jessica Kral as Chief Information Officer

May 26, 2023 | finance.yahoo.com

CEO, President of ModivCare L. Sampson Buys 115% More Shares

May 26, 2023 | finance.yahoo.com

One ModivCare Insider Raised Stake By 115% In Previous Year

May 25, 2023 | finance.yahoo.com

Modivcare Releases 2022 Environmental, Social, and Governance Report Highlighting Commitment to Eliminating Inequities in Healthcare and Enhancing Sustainability Efforts

May 18, 2023 | finance.yahoo.com

Modivcare Resolves Dispute With Former Chief Executive Officer

See More Headlines

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MODV Company Calendar

Last Earnings: 8/03/2023
Today: 9/26/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Transportation services
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:MODV
CUSIP: N/A
CIK: 1220754
Web: www.modivcare.com
Phone: (303) 728-7030
Fax: 203-307-2799
Employees: 20,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $67.67
High Stock Price Forecast: $95.00
Low Stock Price Forecast: $50.00
Forecasted Upside/Downside: +92.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($16.27)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 7.59
P/E Growth: 0.68
Net Income: $-31,810,000.00
Net Margins: -8.63%
Pretax Margin: -7.96%
Return on Equity: 29.63%
Return on Assets: 4.72%

Debt

Debt-to-Equity Ratio: 6.08
Current Ratio: 0.74
Quick Ratio: 0.74

Sales & Book Value

Annual Sales: $2.66 billion
Price / Sales: 0.19
Cash Flow: $14.26 per share
Price / Cash Flow: 2.46
Book Value: $25.08 per share
Price / Book: 1.40

Miscellaneous

Outstanding Shares: 14,181,000
Free Float: 12,635,000
Market Cap: $497.33 million
Optionable: Optionable
Beta: 0.72

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Key Executives

Mr. L. Heath Sampson (Age 52)
CEO, Pres, Interim Pres of Modivcare Home & Director
Comp: $905.84k

Mr. Ilias Simpson (Age 40)
Pres of Modivcare Mobility
Comp: $1M

Ms. Rebecca Orcutt (Age 37)
Sr. VP & Chief Accounting Officer

Ms. Jessica Kral
Chief Information Officer

Mr. Kevin Kim Ellich
Head of Investor Relations

Ms. Jody Kepler J.D. (Age 53)
L.L.M., Chief Compliance Officer

Mr. Jonathan B. Bush (Age 54)
Sr. VP, Gen. Counsel & Sec.

Kate Zerone
Director of Ombudsman & Communications

Mr. Zachary B. Miller C.F.A.
CFA, Associate of Corp. Devel. & Investor Relations

Mr. Kenneth Shepard (Age 42)
Chief Financial Officer of NEMT Bus.-ModivCare Mobility

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MODV Stock - Frequently Asked Questions

Should I buy or sell ModivCare stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ModivCare in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MODV shares.
View MODV analyst ratings or view top-rated stocks.
What is ModivCare's stock price forecast for 2023?: 2 analysts have issued 1 year price objectives for ModivCare's stock. Their MODV share price forecasts range from $50.00 to $95.00. On average, they predict the company's share price to reach $67.67 in the next year. This suggests a possible upside of 92.9% 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 2023?: ModivCare's stock was trading at $89.73 on January 1st, 2023. Since then, MODV stock has decreased by 60.9% and is now trading at $35.07.
View the best growth stocks for 2023 here.
When is ModivCare's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our MODV earnings forecast.
How were ModivCare's earnings last quarter?: ModivCare Inc. (NASDAQ:MODV) posted its quarterly earnings results on Thursday, August, 3rd. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.27 by $0.14. The firm earned $701.74 million during the quarter, compared to the consensus estimate of $650.36 million. ModivCare had a positive trailing twelve-month return on equity of 29.63% and a negative net margin of 8.63%.
What ETFs hold ModivCare's stock?: ETFs with the largest weight of ModivCare (NASDAQ:MODV) stock in their portfolio include SPDR S&P Health Care Services ETF (XHS) and BNY Mellon Women's Opportunities ETF (BKWO).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

What guidance has ModivCare issued on next quarter's earnings?: ModivCare issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.75 billion-$2.80 billion, compared to the consensus revenue estimate of $2.62 billion.
What is ModivCare's stock symbol?: ModivCare trades on the NASDAQ under the ticker symbol "MODV."
Who are ModivCare's major shareholders?: ModivCare's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.51%), Coliseum Capital Management LLC (11.76%), Silvercrest Asset Management Group LLC (4.57%), State Street Corp (3.76%), Renaissance Technologies LLC (3.34%) and Dimensional Fund Advisors LP (3.28%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is ModivCare's stock price today?: One share of MODV stock can currently be purchased for approximately $35.07.
How much money does ModivCare make?: ModivCare (NASDAQ:MODV) has a market capitalization of $497.33 million and generates $2.66 billion in revenue each year. The company earns $-31,810,000.00 in net income (profit) each year or ($16.27) on an earnings per share basis.
How many employees does ModivCare have?: The company employs 20,000 workers across the globe.
How can I contact ModivCare?: ModivCare's mailing address is 1275 Peachtree Street Sixth Floor, Atlanta GA, 30309. The official website for the company is www.modivcare.com. The company can be reached via phone at (303) 728-7030, via email at kahl@equityny.com, or via fax at 203-307-2799.

This page (NASDAQ:MODV) was last updated on 9/26/2023 by MarketBeat.com Staff

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