News coverage about Moelis & Company (NYSE:MC) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Moelis & Company earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the asset manager an impact score of 45.0385827512303 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Moelis & Company (NYSE:MC) traded up $0.95 on Thursday, hitting $50.80. The stock had a trading volume of 270,369 shares, compared to its average volume of 452,250. Moelis & Company has a 52 week low of $34.60 and a 52 week high of $54.60. The firm has a market capitalization of $2,710.72, a PE ratio of 64.30, a price-to-earnings-growth ratio of 1.24 and a beta of 1.75.
Moelis & Company (NYSE:MC) last released its quarterly earnings data on Wednesday, February 7th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.10. Moelis & Company had a return on equity of 47.12% and a net margin of 4.29%. The company had revenue of $169.17 million during the quarter, compared to analysts’ expectations of $160.22 million. During the same period last year, the firm posted $0.66 earnings per share. The business’s revenue was down 17.3% on a year-over-year basis. equities analysts forecast that Moelis & Company will post 2.72 earnings per share for the current year.
MC has been the subject of several recent research reports. Zacks Investment Research cut Moelis & Company from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th. ValuEngine raised Moelis & Company from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Bank of America increased their price target on Moelis & Company from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Morgan Stanley increased their price target on Moelis & Company from $49.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $50.67.
In other news, CEO Kenneth Moelis sold 49,116 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $50.00, for a total transaction of $2,455,800.00. Following the transaction, the chief executive officer now owns 98,232 shares in the company, valued at $4,911,600. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Osamu R. Watanabe sold 5,185 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $50.00, for a total value of $259,250.00. Following the transaction, the general counsel now owns 10,499 shares in the company, valued at approximately $524,950. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 138,393 shares of company stock valued at $6,999,369. Insiders own 52.64% of the company’s stock.
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About Moelis & Company
Moelis & Company, an investment bank, provides strategic and financial advisory services in the United States and internationally. It advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets advisory, and other corporate finance matters. The company offers its services to public multinational corporations, governments, financial sponsors, middle market private companies, and individual entrepreneurs.
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