Membership Collective Group - MCG Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Membership Collective Group in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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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6 brokerages have issued 12-month price targets for Membership Collective Group's stock. Their MCG share price forecasts range from $4.00 to $9.00. On average, they expect the company's stock price to reach $6.86 in the next twelve months. This suggests a possible upside of 78.1% from the stock's current price.
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Membership Collective Group's stock was trading at $12.78 at the beginning of the year. Since then, MCG stock has decreased by 69.9% and is now trading at $3.85.
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Membership Collective Group saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 5,330,000 shares, an increase of 5.1% from the October 15th total of 5,070,000 shares. Based on an average daily volume of 468,100 shares, the days-to-cover ratio is currently 11.4 days. Approximately 13.6% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 15th 2023.
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Membership Collective Group Inc. (NYSE:MCG) announced 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 analyst estimates of $176.39 million. Membership Collective Group had a negative net margin of 31.14% and a negative trailing twelve-month return on equity of 264.62%.

Membership Collective Group updated its FY 2022 earnings guidance on Thursday, November, 17th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $910.00 million-$985.00 million, compared to the consensus revenue estimate of $959.98 million.

(MCG) raised $450 million in an initial public offering (IPO) on Thursday, July 15th 2021. The company issued 30,000,000 shares at $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 many different retail and institutional investors. Top institutional investors include Pelham Capital Ltd. (12.83%), Bank of New York Mellon Corp (5.10%), Vanguard Group Inc. (1.25%), Stormborn Capital Management LLC (0.87%), BlackRock Inc. (0.74%) and Marshall Wace LLP (0.53%). Insiders that own company stock include Andrew Carnie, Goldman Sachs Group Inc, Humera Afzal, 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 $3.85.

Membership Collective Group (NYSE:MCG) has a market capitalization of $224.92 million and generates $560.55 million in revenue each year. The company earns $-265,390,000.00 in net income (profit) each year or ($1.38) on an earnings per share basis.

The company employs 6,353 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.