ModivCare (MODV)

• Market cap: $92.7M
• 1 day: -11.70%
• 5 days: 0.31%
• 1 month: -53.97%
• 3 months: -59.69%
• 6 months: -74.51%
• Year to date: -47.58%
• 1 year: -83.35%
• 5 years: -90.07%
• 10 years: -82.47%
• Sector: Industrials
• Industry: Transportation Services

About: ModivCare Inc is a technology-enabled healthcare services company that provides a suite of integrated supportive care solutions for payors and their members. The company is also a provider of non-emergency medical transportation, or NEMT, personal care, and remote patient monitoring, or RPM, solutions, which serve similar, highly vulnerable patient populations. Its operating segment includes NEMT, Personal Care, and Remote Patient Monitoring. The company generates maximum revenue from the NEMT segment.

Employees: 21,200

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

44% more call options, than puts

Call options by funds: $1.32M | Put options by funds: $918K

27% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 30

2.78% less ownership

Funds ownership: 106.83% [Q2] → 104.05% (-2.78%) [Q3]

10% less funds holding

Funds holding: 119 [Q2] → 107 (-12) [Q3]

37% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 27

47% less capital invested

Capital invested by funds: $398M [Q2] → $212M (-$187M) [Q3]

50% less funds holding in top 10

Funds holding in top 10: 4 [Q2] → 2 (-2) [Q3]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $10 54% upside
• Avg. target: $12.33 90% upside
• High target: $17 162% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

Barrington Research Michael Petusky 55% 1-year accuracy 38 / 69 met price target	54% upside $10	Outperform Maintained	14 Jan 2025
Lake Street Brooks O'Neil 46% 1-year accuracy 6 / 13 met price target	54% upside $10	Buy Maintained	13 Jan 2025
Stephens & Co. Raj Kumar 0 / 0 met price target	162% upside $17	Equal-Weight Downgraded	10 Jan 2025