MultiPlan (MPLN) Stock Forecast, Price & News

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our MPLN earnings forecast.

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.

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).

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.

MultiPlan trades on the New York Stock Exchange (NYSE) under the ticker symbol "MPLN."

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.

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.

One share of MPLN stock can currently be purchased for approximately $1.72.

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.

The company employs 2,500 workers across the globe.

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.