Medallia (NYSE:MDLA) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Medallia (NYSE:MDLA) from a hold rating to a sell rating in a research note released on Tuesday, Zacks.com reports.

According to Zacks, “Medallia, Inc. provides a Software-as-a-Service platform primarily in North America, Europe, the Middle East, Africa and internationally. The company’s platform offers learning-based artificial intelligence technology to analyze structured and unstructured data from signal fields in human, digital and Internet of Things interactions. Its Medallia Experience Cloud platform offers Customer Experience, Business Experience, Employee Experience and Product Experience product suites. The company serves communications and media, hospitality, insurance and automotive companies, as well as banks and companies in retail, technology and manufacturing industries. Medallia, Inc. is based in San Francisco, California. “

Several other brokerages have also recently weighed in on MDLA. Stephens assumed coverage on shares of Medallia in a research report on Monday, July 29th. They issued an overweight rating and a $52.00 price target on the stock. UBS Group assumed coverage on shares of Medallia in a research report on Tuesday, August 13th. They issued an outperform rating and a $55.00 price target on the stock. Citigroup assumed coverage on shares of Medallia in a research report on Tuesday, August 13th. They issued a neutral rating and a $40.00 price target on the stock. Oppenheimer assumed coverage on shares of Medallia in a research report on Tuesday, August 13th. They issued an outperform rating and a $55.00 price target on the stock. Finally, Credit Suisse Group assumed coverage on shares of Medallia in a research report on Tuesday, August 13th. They issued a neutral rating and a $40.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $47.62.

Shares of MDLA opened at $28.52 on Tuesday. The stock has a fifty day simple moving average of $30.40. Medallia has a fifty-two week low of $25.68 and a fifty-two week high of $44.72.

Medallia (NYSE:MDLA) last announced its quarterly earnings results on Thursday, September 5th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.09. The business had revenue of $95.70 million during the quarter, compared to the consensus estimate of $91.32 million. The business’s revenue was up 26.9% compared to the same quarter last year. On average, analysts forecast that Medallia will post -1.02 EPS for the current fiscal year.

In other news, Director Douglas M. Leone acquired 399,265 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was bought at an average cost of $28.12 per share, with a total value of $11,227,331.80. Also, Director Borge Hald sold 1,765,000 shares of Medallia stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $19.53, for a total transaction of $34,470,450.00. The disclosure for this sale can be found here.

About Medallia

Medallia, Inc provides an enterprise Software-as-a-Service platform in North America, Europe, the Middle East, Africa, and internationally. The company's platform utilizes deep learning-based artificial intelligence technology to analyze structured and unstructured data from signal fields in human, digital, and Internet of Things interactions.

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