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NYSE:MPLN

MultiPlan (MPLN) Stock Forecast, Price & News

$1.72
+0.01 (+0.58%)
(As of 06/8/2023 ET)
Compare
Today's Range
$1.64
$1.74
50-Day Range
$0.72
$1.78
52-Week Range
$0.61
$6.19
Volume
646,427 shs
Average Volume
1.68 million shs
Market Capitalization
$1.09 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$1.43

MultiPlan MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
16.7% Downside
$1.43 Price Target
Short Interest
Bearish
7.13% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.11mentions of MultiPlan in the last 14 days
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.

1.15 out of 5 stars

Medical Sector

956th out of 986 stocks

Business Services, Not Elsewhere Classified Industry

86th out of 89 stocks


MPLN stock logo

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, 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.

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MPLN Stock News Headlines

MultiPlan (NYSE:MPLN) Shares Gap Up to $1.34
MultiPlan (NYSE:MPLN) Stock Price Up 8.9%
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 Soil
MultiPlan Corp Ordinary Shares - Class A
MultiPlan (NYSE:MPLN) Shares Gap Down to $0.79
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 Soil
MultiPlan (MPLN) to Release Quarterly Earnings on Thursday
MultiPlan (NYSE:MPLN) Shares Gap Down to $1.17
MultiPlan Welcomes New Chief People Officer
MultiPlan Corporation (MPLN)
See More Headlines

MPLN Price History

MPLN Company Calendar

Last Earnings
11/03/2021
Today
6/08/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Sector
Medical
Fax
N/A
Employees
2,500
Year Founded
N/A

Price 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 Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$-572,910,000.00
Pretax Margin
-60.60%

Debt

Sales & Book Value

Annual Sales
$1.08 billion
Cash Flow
$0.55 per share
Book Value
$2.80 per share

Miscellaneous

Free Float
583,925,000
Market Cap
$1.09 billion
Optionable
Optionable
Beta
0.47

Key Executives

  • Mr. Dale A. White (Age 67)
    Pres, CEO & Director
    Comp: $977.47k
  • Mr. James M. HeadMr. James M. Head (Age 57)
    CFO & Exec. VP
    Comp: $325.18k
  • Mr. Michael C. Kim (Age 56)
    Sr. VP & Chief Information Officer
    Comp: $618.33k
  • Mr. Jeffrey A. Doctoroff (Age 54)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $549.28k
  • Mr. Gerald J. Kozel (Age 51)
    Sr. VP & Chief Accounting Officer
  • Mr. Lucas Gabriel Montgomery C.F.A.
    Sr. VP of Fin. & Investor Relations
  • Pamela Walker
    Sr. Director of Marketing & Communications
  • Ms. Susan Mohler
    Sr. VP of Marketing & Product Management
  • Mr. Alwyn Van Heerdan
    VP of Strategy & Corp. Devel.
  • Mr. Derek Reis-Larson
    Sr. VP of Claims Pricing Services













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

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