ModivCareMODV
MODV
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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
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: 106.8% [Q2] → 104.01% (-2.78%) [Q3]
10% less funds holding
Funds holding: 119 [Q2] → 107 (-12) [Q3]
41% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 29
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
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$25
125%
upside
Avg. target
$25
125%
upside
High target
$25
125%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Barrington Research Michael Petusky 43% 1-year accuracy 29 / 68 met price target | 125%upside $25 | Outperform Maintained | 18 Nov 2024 |
Financial journalist opinion
Positive
Benzinga
3 days ago
Top 3 Health Care Stocks That May Explode In Q4
The most oversold stocks in the health care sector presents an opportunity to buy into undervalued companies.
Neutral
Seeking Alpha
1 month ago
ModivCare, Inc. (MODV) Q3 2024 Earnings Call Transcript
ModivCare, Inc. (NASDAQ:MODV ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Kevin Ellich - Head of Investor Relations Heath Sampson - President and Chief Executive Officer Barbara Gutierrez - Chief Financial Officer Conference Call Participants Brian Tanquilut - Jefferies Pito Chickering - Deutsche Bank Bob Labick - CJS Securities Scott Fidel - Stephens Miles Highsmith - Deutsche Bank Michael Petusky - Barrington Research Rishi Parekh - JPMorgan Operator Good morning, and welcome to ModivCare's Third Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode.
Negative
Zacks Investment Research
1 month ago
ModivCare (MODV) Q3 Earnings and Revenues Lag Estimates
ModivCare (MODV) came out with quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $1.44 per share a year ago.
Neutral
Business Wire
1 month ago
Modivcare Reports Third Quarter 2024 Financial Results; Affirms 2024 Guidance
DENVER--(BUSINESS WIRE)--Modivcare Inc. (the “Company” or “Modivcare”) (Nasdaq: MODV), a technology-enabled healthcare services company that provides a platform of integrated supportive care solutions focused on improving health outcomes, today reported financial results for the three and nine months ended September 30, 2024. Third Quarter 2024 Summary: Service revenue of $702.0 million increased 2.2% from the third quarter of 2023 Net loss of $26.6 million, or negative $1.87 per diluted common.
Neutral
Business Wire
2 months ago
Modivcare and Tenovi Partner to Advance Respiratory Care, Lower Hospitalizations, and Cut Costs with Adherium's Hailie® Smart Inhalers
PORTSMOUTH, N.H.--(BUSINESS WIRE)--Modivcare Inc., a leading technology-enabled healthcare services company that provides a platform of integrated supportive care solutions, through its wholly owned subsidiaries, Valued Relationships, Inc. (VRI) and Higi Care, LLC (collectively for purposes of this press release, “Modivcare”), have partnered with Tenovi, an innovator in cellular-connected remote monitoring solutions, to deliver Adherium's Hailie® Smart inhalers for enhanced care of patients wit.
Neutral
Business Wire
2 months ago
Modivcare to Report Third Quarter 2024 Financial Results
DENVER--(BUSINESS WIRE)--Modivcare Inc. (“Modivcare” or the “Company”) (Nasdaq: MODV), a technology-enabled healthcare services company that provides a platform of integrated supportive care solutions focused on improving health outcomes, today announced that the Company is scheduled to report financial results for the third quarter 2024 ended September 30, 2024, on Wednesday, November 6, 2024, after the market closes. Modivcare will host a conference call on Thursday, November 7, 2024, at 8:30.
Neutral
Business Wire
2 months ago
Modivcare Boosts Health Care Experiences with Genesys Cloud AI
SAN FRANCISCO--(BUSINESS WIRE)--Genesys®, a global cloud leader in AI-powered experience orchestration, announced Modivcare, a top provider of non-emergency medical transportation (NEMT), monitoring and personal in-home care, is transforming support for its 34 million members with the Genesys Cloud™ platform. To execute its digital-first strategy, Modivcare turned to the AI-powered experience orchestration capabilities of Genesys Cloud. Today, Genesys Cloud supports Modivcare teammates who effi.
Positive
GuruFocus
2 months ago
ModivCare Inc (MODV) Shares Up 25.09% on Oct 2
Shares of ModivCare Inc (MODV, Financial) surged 25.09% in mid-day trading on Oct 2. The stock reached an intraday high of $19.13, before settling at $18.11, up from its previous close of $14.48.
Neutral
Business Wire
2 months ago
Modivcare Announces Credit Agreement Amendment and Cash Collections Update
DENVER--(BUSINESS WIRE)--ModivCare Inc. (“Modivcare” or the “Company”) (Nasdaq: MODV), a technology-enabled healthcare services company that provides a platform of integrated supportive care solutions focused on improving health outcomes, today announced that it has amended its Credit Agreement, dated February 3, 2022 (as amended to date, the “Credit Agreement”), with JPMorgan Chase Bank, N.A., as administrative agent, along with other key lenders. Key Amendment Highlights: Total Net Leverage R.
Neutral
Business Wire
2 months ago
Modivcare Foundation and Build Jake's Place Join Forces to Increase Play Opportunities in New Jersey
CHERRY HILL, N.J.--(BUSINESS WIRE)--Modivcare Foundation, the philanthropic foundation of Modivcare (Nasdaq:MODV), is proud to highlight its support of Build Jake's Place, an organization dedicated to creating inclusive playgrounds for children and adults with disabilities. This contribution spotlights Modivcare's commitment to improving health outcomes and ensuring that everyone, regardless of ability, can engage in meaningful activities. Build Jake's Place was founded in 2009 in memory of “Ba.
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