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NYSE:MSP

Datto Stock Forecast, Price & News

$23.49
-0.52 (-2.17 %)
(As of 10/27/2021 12:00 AM ET)
Add
Compare
Today's Range
$23.47
$24.25
50-Day Range
$22.02
$27.31
52-Week Range
$21.98
$33.46
Volume
144,605 shs
Average Volume
341,326 shs
Market Capitalization
$3.81 billion
P/E Ratio
83.89
Dividend Yield
N/A
Beta
N/A
30 days | 90 days | 365 days | Advanced Chart
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Datto logo

About Datto

Datto Holding Corp. provides cloud-based software and technology solutions for delivery through the managed service provider (MSP) channel to small and medium businesses in the United States and internationally. Its Unified Continuity products include Business Continuity and Disaster Recovery that protects servers and workstations, and minimize downtime; Cloud Continuity, an image-based continuity solution for Windows-based laptops and desktops; SaaS Protection, an automated and secure backup and restoration product; Workplace, a cloud-hosted file sync and share solution, which enable end-users to synchronize files across platforms, including mobile devices; and File Protection, an MSP-managed secure and scalable backup product that enables MSPs to protect and recover files and folders on workstations and laptops. The company's networking Products comprise access points, switches, edge routers, and managed power devices. Its business management products consist of Autotask Professional Services Automation, an IT business management product; and remote monitoring and management. The company was formerly known as Merritt Topco, Inc. and changed its name to Datto Holding Corp. in January 2020. Datto Holding Corp. was founded in 2007 and is headquartered in Norwalk, Connecticut.

Headlines

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Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Employees
1,743
Year Founded
N/A

Sales & Book Value

Annual Sales
$518.78 million
Cash Flow
$0.61 per share
Book Value
$10.49 per share

Profitability

Net Income
$22.50 million
Pretax Margin
N/A

Debt

Price-To-Earnings

Miscellaneous

Free Float
152,865,000
Market Cap
$3.81 billion
Next Earnings Date
11/10/2021 (Confirmed)
Fiscal Year End
December 31
Optionable
Not Optionable

MarketRank

Overall MarketRank

2.01 out of 5 stars

Computer And Technology Sector

410th out of 873 stocks

Prepackaged Software Industry

110th out of 259 stocks

Analyst Opinion: 3.3Community Rank: 4.3Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 0.0 5 -4 -3 -2 -1 -












Datto (NYSE:MSP) Frequently Asked Questions

Is Datto a buy right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Datto in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Datto stock.
View analyst ratings for Datto
or view top-rated stocks.

What stocks does MarketBeat like better than Datto?

Wall Street analysts have given Datto a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Datto wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Datto's next earnings date?

Datto is scheduled to release its next quarterly earnings announcement on Wednesday, November 10th 2021.
View our earnings forecast for Datto
.

How can I listen to Datto's earnings call?

Datto will be holding an earnings conference call on Wednesday, November 10th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "8751783".

How were Datto's earnings last quarter?

Datto Holding Corp. (NYSE:MSP) issued its earnings results on Tuesday, August, 10th. The investment management company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.12 by $0.05. The investment management company had revenue of $151.60 million for the quarter, compared to analysts' expectations of $147.10 million. Datto had a trailing twelve-month return on equity of 2.62% and a net margin of 7.87%.
View Datto's earnings history
.

How has Datto's stock been impacted by COVID-19 (Coronavirus)?

Datto's stock was trading at $11.48 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MSP shares have increased by 104.6% and is now trading at $23.49.
View which stocks have been most impacted by COVID-19
.

What guidance has Datto issued on next quarter's earnings?

Datto updated its third quarter 2021 earnings guidance on Wednesday, September, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $153 million-$155 million, compared to the consensus revenue estimate of $149.64 million.

What price target have analysts set for MSP?

12 brokers have issued 12 month price objectives for Datto's stock. Their forecasts range from $27.00 to $38.00. On average, they anticipate Datto's stock price to reach $33.27 in the next year. This suggests a possible upside of 41.6% from the stock's current price.
View analysts' price targets for Datto
or view top-rated stocks among Wall Street analysts.

Who are Datto's key executives?

Datto's management team includes the following people:
  • Mr. Timothy Weller, CEO & Director (Age 55, Pay $956.1k)
  • Mr. John F. Abbot, Chief Financial Officer (Age 58, Pay $943.59k)
  • Mr. Robert Raymond Petrocelli, Chief Technology Officer (Age 54, Pay $624.24k) (LinkedIn Profile)
  • Mr. William J. Severance, Chief Accounting Officer (Age 54)
  • Mr. Ryan Burkart, Director of Investor Relations
  • Mr. Michael Glen Fass, Gen. Counsel, Chief People Officer & Sec. (Age 49)
  • Mr. Matthew Todd Richards, Chief Marketing Officer (Age 45)
  • Mr. Nathaniel Scott Katz, Sr. VP of Fin. (Age 41)
  • Mr. Radhesh Balakrishnan Menon, Chief Product Officer (Age 49)
  • Mr. Christopher Edward McCloskey, Chief Customer Officer (Age 45)

What other stocks do shareholders of Datto own?

When did Datto IPO?

(MSP) raised $561 million in an initial public offering (IPO) on Wednesday, October 21st 2020. The company issued 22,000,000 shares at a price of $24.00-$27.00 per share. Morgan Stanley, BofA Securities, Barclays and Credit Suisse served as the underwriters for the IPO and Citigroup, Jefferies, RBC Capital Markets, Evercore ISI, BMO Capital Markets, Macquarie Capital, Mizuho Securities, William Blair, Ramirez & Co. and Siebert Williams Shank were co-managers.

What is Datto's stock symbol?

Datto trades on the New York Stock Exchange (NYSE) under the ticker symbol "MSP."

Who are Datto's major shareholders?

Datto's stock is owned by a number of institutional and retail investors. Top institutional shareholders include LGT Capital Partners LTD. (0.17%), State of Alaska Department of Revenue (0.13%), CAPROCK Group Inc. (0.01%) and Guidance Point Advisors LLC (0.00%). Company insiders that own Datto stock include Austin Williams Mcchord, Christopher Edward Mccloskey, John Abbot, Michael Glenn Fass, Robert Raymond Petrocelli, Sanjay Kumar Singh and Timothy Weller.
View institutional ownership trends for Datto
.

Which institutional investors are selling Datto stock?

MSP stock was sold by a variety of institutional investors in the last quarter, including LGT Capital Partners LTD.. Company insiders that have sold Datto company stock in the last year include Austin Williams Mcchord, Christopher Edward Mccloskey, John Abbot, Michael Glenn Fass, Robert Raymond Petrocelli, Sanjay Kumar Singh, and Timothy Weller.
View insider buying and selling activity for Datto
or view top insider-selling stocks.

Which institutional investors are buying Datto stock?

MSP stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, CAPROCK Group Inc., and Guidance Point Advisors LLC.
View insider buying and selling activity for Datto
or or view top insider-buying stocks.

How do I buy shares of Datto?

Shares of MSP 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 Datto's stock price today?

One share of MSP stock can currently be purchased for approximately $23.49.

How much money does Datto make?

Datto has a market capitalization of $3.81 billion and generates $518.78 million in revenue each year. The investment management company earns $22.50 million in net income (profit) each year or $0.35 on an earnings per share basis.

How many employees does Datto have?

Datto employs 1,743 workers across the globe.

What is Datto's official website?

The official website for Datto is madisonfunds.com.

Where are Datto's headquarters?

How can I contact Datto?

Datto's mailing address is 550 Science Dr, MADISON, WI 53711-1059, United States. The investment management company can be reached via phone at 888-995-1431 or via email at [email protected].


This page was last updated on 10/27/2021 by MarketBeat.com Staff

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