NYSE:MPLN

MultiPlan (MPLN) Stock Forecast, Price & News

$1.69

-0.01 (-0.59%)

(As of 10/3/2023 ET)

Compare

Today's Range: $1.64
▼
$1.71
50-Day Range: $1.54
▼
$2.15
52-Week Range: $0.61
▼
$3.01

Volume: 925,603 shs
Average Volume: 1.21 million shs
Market Capitalization: $1.10 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.77

MultiPlan MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 4.5% Upside
$1.77 Price Target
Short Interest: Bearish
6.14% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.36
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

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

0.93 out of 5 stars

Medical Sector

953rd out of 965 stocks

Business Services, Not Elsewhere Classified Industry

88th out of 88 stocks

1.0

Analyst's Opinion

Consensus Rating
MultiPlan has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $1.77, MultiPlan has a forecasted upside of 4.5% from its current price of $1.69.
Amount of Analyst Coverage
MultiPlan has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
6.14% of the float of MultiPlan has been sold short.
Short Interest Ratio / Days to Cover
MultiPlan has a short interest ratio ("days to cover") of 12.8, which indicates bearish sentiment.
Change versus previous month
Short interest in MultiPlan has recently decreased by 0.39%, indicating that investor sentiment is improving.

0.0

Dividend Strength

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

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MPLN.

1.5

News and Social Media Coverage

News Sentiment
MultiPlan has a news sentiment score of -0.36. 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 lower news sentiment than the 0.63 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for MultiPlan this week, compared to 0 articles on an average week.
Search Interest
5 people have searched for MPLN on MarketBeat in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MultiPlan insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 7.50% of the stock of MultiPlan is held by insiders.
Percentage Held by Institutions
78.47% of the stock of MultiPlan is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of MultiPlan is -1.61, 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 MultiPlan is -1.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
MultiPlan has a P/B Ratio of 0.60. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About MultiPlan (NYSE:MPLN) Stock

MultiPlan Corporation, together with its subsidiaries, provides data analytics and technology-enabled cost management, payment, and revenue integrity solutions to the healthcare industry in the United States. The company offers analytics-based services that reduce medical costs, through data-driven algorithms and insights that detect claims over-charges and negotiate or recommend reimbursement; and network-based services that provide contracted discounts with healthcare providers, as well as outsourced network development and management services. It also provides payment and revenue integrity services, such as identifying and removing improper and unnecessary charges paid during the claim, as well as services to identify and help restore and preserve underpaid premium dollars. The company serves national and regional insurance companies, Blue Cross and Blue Shield plans, provider-sponsored and independent health plans, TPAs, self-insured health plans, property and casualty insurers, bill review companies, and other companies involved in the claim adjudication process. MultiPlan Corporation was founded in 1980 and is headquartered in New York, New York.

MPLN Price History

30 days | 90 days | 365 days | Advanced Chart

MPLN Stock News Headlines

October 1, 2023 | americanbankingnews.com

MultiPlan (NYSE:MPLN) & DynTek (OTCMKTS:DYNE) Critical Contrast

September 28, 2023 | investing.com

MPLN_t Historical Data

October 4, 2023 | Edge On The Street (Ad)

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September 24, 2023 | americanbankingnews.com

MultiPlan (NYSE:MPLN) Stock Price Down 4.5%

September 24, 2023 | americanbankingnews.com

Analyzing Global Payments (NYSE:GPN) & MultiPlan (NYSE:MPLN)

September 10, 2023 | fool.com

MultiPlan (NYSE: MPLN)

September 7, 2023 | finance.yahoo.com

MultiPlan Named to Prestigious 2023 Fortune Best Workplaces in Health Care List

August 24, 2023 | finance.yahoo.com

MultiPlan Earns 2023 Great Place to Work Certification™

October 4, 2023 | Edge On The Street (Ad)

The Strategic Gold Play You Haven't Heard About

August 10, 2023 | reuters.com

Hospital sues data analytics company MultiPlan in US court antitrust case

August 3, 2023 | seekingalpha.com

MultiPlan Corporation 2023 Q2 - Results - Earnings Call Presentation

August 2, 2023 | finance.yahoo.com

MultiPlan Reports Second Quarter 2023 Results

July 29, 2023 | nasdaq.com

MultiPlan Corporation Class A Common Stock (MPLN)

July 13, 2023 | seekingalpha.com

MultiPlan Sees Stabilizing Markets But Contracting Revenue In 2023

July 6, 2023 | finance.yahoo.com

MultiPlan Corporation Announces Second Quarter 2023 Earnings Conference Call

June 27, 2023 | finance.yahoo.com

MultiPlan Appoints John Prince to its Board of Directors

June 23, 2023 | tmcnet.com

MultiPlan Corporation to Hold Meeting of Stockholders on

June 20, 2023 | finance.yahoo.com

MultiPlan and ECHO Health Partner to Drive Health Plan Administrative Costs Down

June 14, 2023 | finance.yahoo.com

MultiPlan Named a Best Workplace in New York

June 12, 2023 | finance.yahoo.com

MultiPlan Corporation to Host Analyst and Investor Day

May 21, 2023 | morningstar.com

MultiPlan Corp Ordinary Shares - Class A

May 17, 2023 | marketwatch.com

MultiPlan Wins 2023 “Best Healthcare InsurTech Solution Provider” MedTech Breakthrough Award

May 16, 2023 | finance.yahoo.com

MultiPlan Wins 2023 "Best Healthcare InsurTech Solution Provider" MedTech Breakthrough Award

May 10, 2023 | msn.com

MultiPlan stock rises ~10% on acquiring Benefits Science in $160M deal

April 17, 2023 | finance.yahoo.com

There's No Escaping MultiPlan Corporation's (NYSE:MPLN) Muted Revenues

April 5, 2023 | seekingalpha.com

MultiPlan Corporation: Bottom Line Inconsistent, Valuation Too High

January 24, 2023 | finance.yahoo.com

MultiPlan Welcomes New Chief People Officer

See More Headlines

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MPLN Company Calendar

Last Earnings: 8/02/2023
Today: 10/04/2023
Next Earnings (Estimated): 11/14/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Business services, not elsewhere classified
Sub-Industry: N/A
Sector: Medical
Current Symbol: NYSE:MPLN
CUSIP: N/A
CIK: 1793229
Web: www.multiplan.us
Phone: 212-780-2000
Fax: N/A
Employees: 2,500
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $1.77
High Stock Price Forecast: $2.05
Low Stock Price Forecast: $1.25
Forecasted Upside/Downside: +4.5%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.05)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-572,910,000.00
Net Margins: -68.99%
Pretax Margin: -70.72%
Return on Equity: -9.26%
Return on Assets: -2.41%

Debt

Debt-to-Equity Ratio: 2.60
Current Ratio: 1.42
Quick Ratio: 1.42

Sales & Book Value

Annual Sales: $1.08 billion
Price / Sales: 1.02
Cash Flow: $0.58 per share
Price / Cash Flow: 2.93
Book Value: $2.80 per share
Price / Book: 0.60

Miscellaneous

Outstanding Shares: 649,480,000
Free Float: 600,770,000
Market Cap: $1.10 billion
Optionable: Optionable
Beta: 0.81

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Key Executives

Mr. Dale A. White (Age 67)
Pres, CEO & Director
Comp: $3.73M

Mr. James M. Head (Age 57)
CFO & Exec. VP
Comp: $500.96k

Mr. Michael C. Kim (Age 57)
Sr. VP & Chief Information Officer
Comp: $727.44k

Mr. Jeffrey A. Doctoroff (Age 54)
Exec. VP, Gen. Counsel & Corp. Sec.
Comp: $736.45k

Mr. Gerald J. Kozel (Age 51)
Sr. VP & Chief Accounting Officer

Mr. Lucas Gabriel Montgomery C.F.A.
Sr. VP of Fin. & Investor Relations

Ms. Melissa Humphrey
Sr. VP of Marketing & Communications

Mr. Alwyn Van Heerdan
VP of Strategy & Corp. Devel.

Ms. Carol Nutter (Age 46)
Sr. VP & Chief People Officer

Mr. Derek Reis-Larson
Sr. VP of Claims Pricing Services

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MPLN Stock - Frequently Asked Questions

Should I buy or sell MultiPlan stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MultiPlan in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MPLN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MPLN, but not buy additional shares or sell existing shares.
View MPLN analyst ratings or view top-rated stocks.
What is MultiPlan's stock price forecast for 2023?: 3 brokerages have issued 1-year price targets for MultiPlan's stock. Their MPLN share price forecasts range from $1.25 to $2.05. On average, they expect the company's stock price to reach $1.77 in the next twelve months. This suggests a possible upside of 4.5% from the stock's current price.
View analysts price targets for MPLN or view top-rated stocks among Wall Street analysts.
How have MPLN shares performed in 2023?: MultiPlan's stock was trading at $1.15 at the beginning of the year. Since then, MPLN shares have increased by 47.0% and is now trading at $1.69.
View the best growth stocks for 2023 here.
When is MultiPlan's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our MPLN earnings forecast.
How were MultiPlan's earnings last quarter?: MultiPlan Co. (NYSE:MPLN) issued its quarterly earnings results on Wednesday, August, 2nd. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by $0.01. The firm had revenue of $237.99 million for the quarter. MultiPlan had a negative net margin of 68.99% and a negative trailing twelve-month return on equity of 9.26%.
What ETF holds MultiPlan's stock ?: IQ Chaikin U.S. Small Cap ETF holds 385,810 shares of MPLN stock, representing 0.34% of its portfolio.

What guidance has MultiPlan issued on next quarter's earnings?: MultiPlan issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $950.00 million-$980.00 million, compared to the consensus revenue estimate of $946.80 million.
What is MultiPlan's stock symbol?: MultiPlan trades on the New York Stock Exchange (NYSE) under the ticker symbol "MPLN."
How do I buy shares of MultiPlan?: Shares of MPLN 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 MultiPlan's stock price today?: One share of MPLN stock can currently be purchased for approximately $1.69.
How much money does MultiPlan make?: MultiPlan (NYSE:MPLN) has a market capitalization of $1.10 billion and generates $1.08 billion in revenue each year. The company earns $-572,910,000.00 in net income (profit) each year or ($1.05) on an earnings per share basis.
How many employees does MultiPlan have?: The company employs 2,500 workers across the globe.
How can I contact MultiPlan?: The official website for the company is www.multiplan.us. The company can be reached via phone at 212-780-2000 or via email at investor@multiplan.com.

This page (NYSE:MPLN) was last updated on 10/4/2023 by MarketBeat.com Staff

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