Membership Collective Group Inc. (NYSE:MCG) shares traded 18.21% higher at $7.40 on Wall Street last session.
In accordance with the data, 7 analysts cover Membership Collective Group Inc. (NYSE:MCG). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $4.00, we find $7.75. Given the previous closing price of $6.26, this indicates a potential upside of 23.8 percent. MCG stock price is now 36.32% away from the 50-day moving average and 30.19% away from the 200-day moving average. The market capitalization of the company currently stands at $405.37M.
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It has been rated a hold by 2 analysts and a buy by 4. Brokers who have rated the stock have averaged $7.33 as their price target over the next twelve months.
With the price target of $7, ROTH Capital recently initiated with Buy rating for Membership Collective Group Inc. (NYSE: MCG). On December 05, 2022, Morgan Stanley recently initiated its ‘Equal-Weight’ rating on the stock quoting a target price of $4.50, while ‘JP Morgan’ rates the stock as ‘Neutral’.
In other news, Caring Richard, Director bought 200,000 shares of the company’s stock on Dec 23. The stock was bought for $719,960 at an average price of $3.60. Upon completion of the transaction, the Director now directly owns 350,021 shares in the company, valued at $2.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 22, Director Caring Richard bought 59,740 shares of the business’s stock. A total of $214,060 was incurred on buying the stock at an average price of $3.58. This leaves the insider owning 150,021 shares of the company worth $1.11 million. Insiders disposed of 243,436 shares of company stock worth roughly $1.8 million over the past 1 year. A total of 6.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MCG stock. A new stake in Membership Collective Group Inc. shares was purchased by THEMATICS ASSET MANAGEMENT during the first quarter worth $3,487,000. UBS ASSET MANAGEMENT AMERICAS INC invested $540,000 in shares of MCG during the first quarter. In the first quarter, SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC acquired a new stake in Membership Collective Group Inc. valued at approximately $350,000. ADVISORY RESEARCH INC acquired a new stake in MCG for approximately $290,000. PDT PARTNERS, LLC purchased a new stake in MCG valued at around $202,000 in the second quarter. In total, there are 85 active investors with 71.90% ownership of the company’s stock.
Membership Collective Group Inc. (NYSE: MCG) opened at $7.17 on Wednesday. During the past 12 months, Membership Collective Group Inc. has had a low of $3.08 and a high of $9.63. As of last week, the company has a debt-to-equity ratio of 56.68, a current ratio of 1.10, and a quick ratio of 1.00. The fifty day moving average price for MCG is $5.43 and a two-hundred day moving average price translates $5.68 for the stock.
The latest earnings results from Membership Collective Group Inc. (NYSE: MCG) was released for Oct, 2022. According to the Lodging Company, earnings per share came in at -$0.46, missing analysts’ expectations of -$0.12 by -0.34. This compares to -$0.39 EPS in the same period last year. The net profit margin was -31.10% and return on equity was -280.70% for MCG. The company reported revenue of $266.05 million for the quarter, compared to $179.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 48.17 percent. For the current quarter, analysts expect MCG to generate $254.92M in revenue.
Membership Collective Group Inc.(MCG) Company Profile
Membership Collective Group Inc. operates a global membership platform of physical and digital spaces that connects members worldwide. The company’s members use the MCG platform to work and socialize, connect, create, and have fun. As of January 2, 2022, it served approximately 155,800 members through a portfolio of 33 Soho Houses, 9 Soho Works clubs, The Ned in London, Soho Home, and Scorpios Beach Club in Mykonos, as well as digital channels. The company was founded in 1995 and is headquartered in New York, New York.
