Why Should You Put Medallia Inc. (NYSE: MDLA) On Your Portfolio?


Champlain Investment Partners LLC recently announced the acquisition of new stake in Medallia Inc. (NYSE:MDLA). The institutional investor has increased its shareholding in the Technology company by 21.29% to 9.04 million shares with purchase of 1.59 million shares. This fresh investment now brings its stake to 6.41% valued currently at $277.87 million. In addition, Wasatch Advisors, Inc. raised its holdings by 0.15 million to 8.65 million shares. And JPMorgan Investment Management, I.. has lifted its position by 2.86% or 0.19 million shares – to 6.87 million shares.

With over 1.65 million Medallia Inc. (MDLA) shares trading Tuesday and a closing price of $33.62 on the day, the dollar volume was approximately $55.47 million. The shares have shown a positive weekly performance of 6.76% and its price on 08/25/20 gained nearly 3.19%. Currently, there are 135.99M common shares owned by the public and among those 128.07M shares have been available to trade.

The analysts have set the share’s price value over the next 12 months at a high of $52.00 and a low of $27.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Medallia Inc. stock is 1.80 for the next 12 months. The average price target is -1.6% below its last price level and a downside to the estimated low will see the stock lose -24.52% over that period. But an upside of 35.35% will see the stock hit the forecast high price target while mean target price for the stock is $34.00.

Insiders at the company have transacted a total of 127 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 30 of these insider trades were purchases, accounting for 1,174,898 shares. Insider sales of the common stock occurred on 97 occasions, with total insider shares sold totaling 5,676,903 shares.

The top 3 mutual fund holders in Medallia Inc. are Advisors Inner Circle II – Champl, Vanguard Total Stock Market Index, and Wasatch Small Cap Growth Fund. Advisors Inner Circle II – Champl owns 2.37 million shares of the company’s stock, all valued at over $72.83 million. The company bought an additional 0.43 million shares recently to bring their total holdings to about 1.68% of the shares outstanding. Vanguard Total Stock Market Index sold 2250.0 shares to see its total holdings shrink to 1.98 million shares valued at over $60.81 million and representing 1.40% of the shares outstanding. Wasatch Small Cap Growth Fund bought 57406.0 shares to bring its total holdings to over 1.91 million shares at a value of $58.59 million. Wasatch Small Cap Growth Fund now owns shares totaling to 1.35% of the shares outstanding.

Shares of Medallia Inc. (NYSE: MDLA) opened at $32.29, down -$0.29 from a prior closing price of $32.58. However, the script later closed the day at $33.62, up 3.19%. The company’s stock has a 5-day price change of 6.76% and 20.20% over the past three months. MDLA shares are trading 8.07% year to date (YTD), with the 12-month market performance down to -10.61% lower. It has a 12-month low price of $16.04 and touched a high of $38.80 over the same period. Currently, 1.65 million shares have been traded, compared to an average intraday trading volume of 1.56 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.84%, 15.11%, and 23.56% respectively.

Institutional ownership of Medallia Inc. (NYSE: MDLA) shares accounts for 87.40% of the company’s 135.99M shares outstanding. Mutual fund holders own 27.87%, while other institutional holders and individual stakeholders account for 41.04% and 27.69% respectively.

It has a market capitalization of $4.63B. The earnings-per-share (ttm) stands at -$1.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.96% over the week and 3.80% over the month.

Analysts forecast that Medallia Inc. (MDLA) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0.08 for 2022. The lowest estimate earnings-per-share for the quarter is -$0.03 while analysts give the company a high EPS estimate of $0.01. Comparatively, EPS for the current quarter was -$0.06 a year ago. Earnings per share for the fiscal year are expected to decrease by -27.20%, and 300.00% over the next financial year.

Looking at the support for the MDLA, a number of firms have released research notes about the stock. Berenberg stated their Buy rating for the stock in a research note on July 21, 2020, with the firm’s price target at $33. Robert W. Baird coverage for the Medallia Inc. (MDLA) stock in a research note released on January 17, 2020 offered a Outperform rating with a price target of $40. William Blair was of a view on August 13, 2019 that the stock is Outperform, while Wells Fargo gave the stock Outperform rating on August 13, 2019, issuing a price target of $45. SunTrust on their part issued Buy rating on August 13, 2019.


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