S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
NYSE:MSP

Datto Stock Forecast, Price & News

$23.64
-0.53 (-2.19%)
(As of 01/21/2022 12:00 AM ET)
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Today's Range
$23.58
$24.28
50-Day Range
$23.46
$26.98
52-Week Range
$21.98
$28.25
Volume
364,720 shs
Average Volume
285,194 shs
Market Capitalization
$3.86 billion
P/E Ratio
107.45
Dividend Yield
N/A
Beta
0.62
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

Datto Acquires Cybersecurity Company Infocyte
January 20, 2022 |  finance.yahoo.com
Datto (NYSE:MSP) Price Target Cut to $28.00
January 18, 2022 |  americanbankingnews.com
Who Led the Patent Race in 2021? - Nasdaq
January 12, 2022 |  nasdaq.com
See More Headlines

Industry, Sector and Symbol

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

Sales & Book Value

Annual Sales
$518.78 million
Cash Flow
$0.62 per share
Book Value
$10.49 per share

Profitability

Net Income
$22.50 million
Pretax Margin
7.47%

Debt

Price-To-Earnings

Miscellaneous

Free Float
153,615,000
Market Cap
$3.86 billion
Optionable
Not Optionable

Company Calendar

Last Earnings
11/10/2021
Today
1/23/2022
Next Earnings (Confirmed)
2/23/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.22 out of 5 stars

Computer And Technology Sector

350th out of 896 stocks

Prepackaged Software Industry

102nd out of 284 stocks

Analyst Opinion: 3.5Community Rank: 4.3Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 0.0 5 -4 -3 -2 -1 -












Datto (NYSE:MSP) Frequently Asked Questions

Is Datto a buy right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Datto in the last year. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Datto stock.
View analyst ratings for Datto
or view top-rated stocks.

How has Datto's stock price been impacted by COVID-19?

Datto's stock was trading at $11.48 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MSP stock has increased by 105.9% and is now trading at $23.64.
View which stocks have been most impacted by COVID-19
.

When is Datto's next earnings date?

Datto is scheduled to release its next quarterly earnings announcement on Wednesday, February 23rd 2022.
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, February 23rd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 929-203-1946 with passcode "8751783".

How were Datto's earnings last quarter?

Datto Holding Corp. (NYSE:MSP) posted its quarterly earnings results on Wednesday, November, 10th. The investment management company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.05 by $0.11. The investment management company had revenue of $157.89 million for the quarter, compared to analyst estimates of $154.03 million. Datto had a trailing twelve-month return on equity of 2.30% and a net margin of 6.49%. During the same quarter in the previous year, the business posted $0.16 earnings per share.
View Datto's earnings history
.

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

Datto updated its FY 2024 earnings guidance on Thursday, December, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1 B-.

What price target have analysts set for MSP?

7 brokerages have issued 12 month target prices for Datto's stock. Their forecasts range from $27.00 to $42.00. On average, they expect Datto's share price to reach $32.63 in the next twelve months. This suggests a possible upside of 38.0% 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:

What other stocks do shareholders of Datto own?

When did Datto IPO?

(MSP) raised $561 million in an initial public offering on Wednesday, October 21st 2020. The company issued 22,000,000 shares at $24.00-$27.00 per share. Morgan Stanley, BofA Securities, Barclays and Credit Suisse acted 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 many different institutional and retail investors. Top institutional shareholders include LGT Capital Partners LTD. (0.16%), State of Alaska Department of Revenue (0.07%), AE Wealth Management LLC (0.02%) and CAPROCK Group Inc. (0.01%). Company insiders that own Datto stock include Adrian T Dillon, Austin Williams Mcchord, Christopher Edward Mccloskey, John Abbot, Michael Glenn Fass, Robert Raymond Petrocelli, Sanjay Kumar Singh, Timothy Weller and William Severance.
View institutional ownership trends for Datto
.

Which major investors are selling Datto stock?

MSP stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and 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, Timothy Weller, and William Severance.
View insider buying and selling activity for Datto
or view top insider-selling stocks.

Which major investors are buying Datto stock?

MSP stock was acquired by a variety of institutional investors in the last quarter, including AE Wealth Management LLC, and CAPROCK Group Inc..
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 $23.64.

How much money does Datto make?

Datto has a market capitalization of $3.86 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 $0.22 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 1/23/2022 by MarketBeat.com Staff

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