Membership Collective Group (MCG) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Membership Collective Group in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MCG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MCG, but not buy additional shares or sell existing shares.
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5 Wall Street analysts have issued 1-year target prices for Membership Collective Group's shares. Their MCG share price forecasts range from $4.00 to $10.00. On average, they anticipate the company's stock price to reach $6.83 in the next twelve months. This suggests a possible upside of 10.4% from the stock's current price.
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Membership Collective Group's stock was trading at $3.74 at the beginning of 2023. Since then, MCG stock has increased by 65.5% and is now trading at $6.19.
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Membership Collective Group Inc. (NYSE:MCG) issued its earnings results on Tuesday, November, 16th. The company reported ($0.72) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by $0.51. The firm had revenue of $179.56 million for the quarter, compared to the consensus estimate of $176.39 million. Membership Collective Group had a negative net margin of 25.47% and a negative trailing twelve-month return on equity of 450.95%.

Membership Collective Group issued an update on its FY 2023 earnings guidance on Wednesday, March, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.10 billion-$1.20 billion, compared to the consensus revenue estimate of $1.19 billion.

(MCG) raised $450 million in an initial public offering (IPO) on Thursday, July 15th 2021. The company issued 30,000,000 shares at a price of $14.00-$16.00 per share.

Membership Collective Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "MCG."

Membership Collective Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Nomura Holdings Inc. (0.00%), Bank of New York Mellon Corp (0.03%), Counterpoint Mutual Funds LLC (0.03%), Simplex Trading LLC (0.00%) and PEAK6 Investments LLC (0.00%). Insiders that own company stock include Andrew Carnie, Goldman Sachs Group Inc, Humera Afzal, Mark Ein, Martin Kuczmarski and Richard Caring.
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Shares of MCG 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.
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One share of MCG stock can currently be purchased for approximately $6.19.

Membership Collective Group (NYSE:MCG) has a market capitalization of $361.61 million and generates $972.21 million in revenue each year. The company earns $-220,580,000.00 in net income (profit) each year or ($1.24) on an earnings per share basis.

The company employs 7,714 workers across the globe.

The official website for the company is www.membershipcollectivegroup.com. The company can be reached via phone at 44-0-20-7851-2300 or via email at ir@membershipcollectivegroup.com.