NYSE:MPLN MultiPlan (MPLN) Stock Forecast, Price & News $1.72 +0.01 (+0.58%) (As of 06/8/2023 ET) Add Compare Share Share Today's Range$1.64▼$1.7450-Day Range$0.72▼$1.7852-Week Range$0.61▼$6.19Volume646,427 shsAverage Volume1.68 million shsMarket Capitalization$1.09 billionP/E RatioN/ADividend YieldN/APrice Target$1.43 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media MultiPlan MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside16.7% Downside$1.43 Price TargetShort InterestBearish7.13% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.11Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.15 out of 5 starsMedical Sector956th out of 986 stocksBusiness Services, Not Elsewhere Classified Industry86th out of 89 stocks 1.0 Analyst's Opinion Consensus RatingMultiPlan 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/DownsideAccording to analysts' consensus price target of $1.43, MultiPlan has a forecasted downside of 16.7% from its current price of $1.72.Amount of Analyst CoverageMultiPlan has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.13% of the float of MultiPlan has been sold short.Short Interest Ratio / Days to CoverMultiPlan has a short interest ratio ("days to cover") of 9.7.Change versus previous monthShort interest in MultiPlan has recently increased by 3.12%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldMultiPlan does not currently pay a dividend.Dividend GrowthMultiPlan does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MPLN. Previous Next 3.4 News and Social Media Coverage News SentimentMultiPlan has a news sentiment score of 1.11. 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 WeekMarketBeat has tracked 2 news articles for MultiPlan this week, compared to 1 article on an average week.Search Interest1 people have searched for MPLN on MarketBeat in the last 30 days. MarketBeat FollowsOnly 2 people have added MultiPlan to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MultiPlan insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 7.70% of the stock of MultiPlan is held by insiders.Percentage Held by Institutions82.97% of the stock of MultiPlan is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of MultiPlan is -1.77, 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. SectorThe P/E ratio of MultiPlan is -1.77, 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 RatioMultiPlan has a P/B Ratio of 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About MultiPlan (NYSE:MPLN) StockMultiPlan 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, which reduce medical costs through data-driven algorithms that detect claims over-charges and recommend or negotiate reimbursement; network-based services that reduce medical costs through contracted discounts with healthcare providers; and payment and revenue integrity services, which reduce medical costs by identifying and removing improper and unnecessary charges paid during the claim. It also provides health benefit plans, which features reference-based pricing and tools to engage health plan members and providers to make the use of benefits before and after care delivery. The company serves national insurance companies, Blue Cross and Blue Shield plans, provider-sponsored and independent health plans, third party administrators, bill review companies, Taft-Hartley plans, and other entities that pay medical bills in the commercial healthcare, government, workers' compensation, and auto medical markets. MultiPlan Corporation was founded in 1980 and is headquartered in New York, New York.Read More Receive MPLN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MultiPlan and its competitors with MarketBeat's FREE daily newsletter. Email Address MPLN Stock News HeadlinesJune 2, 2023 | americanbankingnews.comMultiPlan (NYSE:MPLN) Shares Gap Up to $1.34May 24, 2023 | americanbankingnews.comMultiPlan (NYSE:MPLN) Stock Price Up 8.9%June 8, 2023 | UNKNOWN (Ad)The Stock That's Brining Lithium Back To America!The American Energy Crisis Is Very Real And This Stock Is Solving That Problem On U.S SoilMay 21, 2023 | morningstar.comMultiPlan Corp Ordinary Shares - Class AMay 17, 2023 | marketwatch.comMultiPlan Wins 2023 “Best Healthcare InsurTech Solution Provider” MedTech Breakthrough AwardMay 16, 2023 | finance.yahoo.comMultiPlan Wins 2023 "Best Healthcare InsurTech Solution Provider" MedTech Breakthrough AwardMay 10, 2023 | msn.comMultiPlan stock rises ~10% on acquiring Benefits Science in $160M dealMay 10, 2023 | americanbankingnews.comMultiPlan (NYSE:MPLN) Shares Gap Down to $0.79June 8, 2023 | UNKNOWN (Ad)The Stock That's Brining Lithium Back To America!The American Energy Crisis Is Very Real And This Stock Is Solving That Problem On U.S SoilMay 2, 2023 | americanbankingnews.comMultiPlan (MPLN) to Release Quarterly Earnings on ThursdayApril 17, 2023 | finance.yahoo.comThere's No Escaping MultiPlan Corporation's (NYSE:MPLN) Muted RevenuesApril 6, 2023 | americanbankingnews.comMultiPlan (NYSE:MPLN) Shares Gap Down to $1.17April 5, 2023 | seekingalpha.comMultiPlan Corporation: Bottom Line Inconsistent, Valuation Too HighMarch 23, 2023 | americanbankingnews.comMultiPlan (NYSE:MPLN) & Akso Health Group (NASDAQ:AHG) Critical ComparisonJanuary 24, 2023 | finance.yahoo.comMultiPlan Welcomes New Chief People OfficerNovember 21, 2022 | finance.yahoo.comAlwyn van Heerden Joins MultiPlan as Vice President of Strategy and Corporate DevelopmentNovember 18, 2022 | finance.yahoo.comMultiPlan Corporation Announces Settlement of Delaware LitigationNovember 10, 2022 | finance.yahoo.comMerging Artificial and Human Intelligence to Pursue Payment Integrity–MultiPlan’s Ben Perryman and Evan Pollack to speak at the NHCAA Annual Training ConferenceNovember 2, 2022 | finance.yahoo.comNavigating the No Surprises Act – MultiPlan’s Susan Mohler to Speak at the Texas Covered Health Care Conference Nov. 8October 18, 2022 | businesswire.comMultiPlan Corporation Announces Third Quarter 2022 Earnings Conference Call - Business WireOctober 17, 2022 | nasdaq.comAdd Up The Parts: PSJ Could Be Worth $122 - NasdaqOctober 14, 2022 | finance.yahoo.com3 Medical Info System Stocks to Gain on Rising Demand for Digital Health - Yahoo FinanceOctober 13, 2022 | businesswire.comBruce Singleton, Senior Vice President of Network Development Strategy for MultiPlan, Joins Harvard MedTech's Advisory Board - Business WireOctober 6, 2022 | finance.yahoo.comENMAX Power and Cadillac Fairview's successful solar pilot at CF Chinook Centre project paves way for increased customer choice and lower carbon future - Yahoo FinanceOctober 6, 2022 | prnewswire.comPrimoris Expands Powerful Provider Enrollment Network to Include Missouri and Illinois - PR NewswireSeptember 30, 2022 | finance.yahoo.comMultiPlan Corporation (MPLN)September 27, 2022 | forbes.comWhat Is The No Surprises Act? – Forbes Advisor - ForbesSee More Headlines MPLN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MPLN Company Calendar Last Earnings11/03/2021Today6/08/2023Next Earnings (Estimated)8/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Business services, not elsewhere classified Sub-IndustryN/A SectorMedical Current SymbolNYSE:MPLN CUSIPN/A CIK1793229 Webwww.multiplan.us Phone212-780-2000FaxN/AEmployees2,500Year FoundedN/APrice Target and Rating Average Stock Price Forecast$1.43 High Stock Price Forecast$2.05 Low Stock Price Forecast$1.00 Forecasted Upside/Downside-16.7%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.97) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-572,910,000.00 Net Margins-60.56% Pretax Margin-60.60% Return on Equity-6.19% Return on Assets-1.68% Debt Debt-to-Equity Ratio2.57 Current Ratio2.38 Quick Ratio2.38 Sales & Book Value Annual Sales$1.08 billion Price / Sales1.01 Cash Flow$0.55 per share Price / Cash Flow3.11 Book Value$2.80 per share Price / Book0.61Miscellaneous Outstanding Shares632,640,000Free Float583,925,000Market Cap$1.09 billion OptionableOptionable Beta0.47 Key ExecutivesMr. Dale A. White (Age 67)Pres, CEO & Director Comp: $977.47kMr. James M. Head (Age 57)CFO & Exec. VP Comp: $325.18kMr. Michael C. Kim (Age 56)Sr. VP & Chief Information Officer Comp: $618.33kMr. Jeffrey A. Doctoroff (Age 54)Sr. VP, Gen. Counsel & Sec. Comp: $549.28kMr. Gerald J. Kozel (Age 51)Sr. VP & Chief Accounting Officer Mr. Lucas Gabriel Montgomery C.F.A.Sr. VP of Fin. & Investor RelationsPamela WalkerSr. Director of Marketing & CommunicationsMs. Susan MohlerSr. VP of Marketing & Product ManagementMr. Alwyn Van HeerdanVP of Strategy & Corp. Devel.Mr. Derek Reis-LarsonSr. VP of Claims Pricing ServicesMore ExecutivesKey CompetitorsAmerican WellNYSE:AMWLPhreesiaNYSE:PHRNutex HealthNASDAQ:NUTXOutset MedicalNASDAQ:OMAvadel PharmaceuticalsNASDAQ:AVDLView All CompetitorsInsiders & InstitutionsJPMorgan Chase & Co.Bought 93,999 shares on 5/18/2023Ownership: 0.067%New York State Common Retirement FundSold 64,800 shares on 5/18/2023Ownership: 0.031%Balyasny Asset Management L.P.Bought 124,561 shares on 5/16/2023Ownership: 0.027%RBF Capital LLCSold 78,347 shares on 5/16/2023Ownership: 0.022%Graham Capital Management L.P.Bought 53,030 shares on 5/16/2023Ownership: 0.010%View All Insider TransactionsView 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 12 month target prices for MultiPlan's stock. Their MPLN share price forecasts range from $1.00 to $2.05. On average, they predict the company's share price to reach $1.43 in the next twelve months. This suggests that the stock has a possible downside of 16.7%. 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 stock has increased by 49.6% and is now trading at $1.72. 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 Thursday, August 3rd 2023. View our MPLN earnings forecast. How were MultiPlan's earnings last quarter? MultiPlan Co. (NYSE:MPLN) issued its earnings results on Wednesday, November, 3rd. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.08. The company had revenue of $288.21 million for the quarter. MultiPlan had a negative net margin of 60.56% and a negative trailing twelve-month return on equity of 6.19%. During the same period in the previous year, the firm earned ($0.28) EPS. What ETFs hold MultiPlan's stock? ETFs with the largest weight of MultiPlan (NYSE:MPLN) stock in their portfolio include IQ Chaikin U.S. Small Cap ETF (CSML) and Vanguard Russell 2000 Value ETF (VTWV). What guidance has MultiPlan issued on next quarter's earnings? MultiPlan issued an update on its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $220.00 million-$235.00 million, compared to the consensus revenue estimate of $232.67 million. What is MultiPlan's stock symbol? MultiPlan trades on the New York Stock Exchange (NYSE) under the ticker symbol "MPLN." Who are MultiPlan's major shareholders? MultiPlan's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (3.68%), Beach Point Capital Management LP (2.09%), State Street Corp (1.17%), Partners Group Holding AG (1.09%), Geode Capital Management LLC (0.91%) and Charles Schwab Investment Management Inc. (0.89%). Insiders that own company stock include Anthony Colaluca Jr, Corporate Investors Viii H&F, Glenn R August, James M Head, Julie D Klapstein, Mark Tabak, Michael Kim, Michael Stuart Klein and Paul Galant. View institutional ownership trends. 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 $1.72. How much money does MultiPlan make? MultiPlan (NYSE:MPLN) has a market capitalization of $1.09 billion and generates $1.08 billion in revenue each year. The company earns $-572,910,000.00 in net income (profit) each year or ($0.97) 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 6/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding MultiPlan Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.