Moelis & Co (NYSE:MC) shares traded 2.54% higher at $53.69 on Wall Street last session.
MC stock price is now -0.33% away from the 50-day moving average and 4.90% away from the 200-day moving average. The market capitalization of the company currently stands at $3.78B.
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With the price target enhanced from $53 to $58, Goldman Upgraded its rating from Sell to Neutral for Moelis & Co (NYSE: MC)., while ‘Goldman’ rates the stock as ‘Sell’
In other news, MAHMOODZADEGAN NAVID, Co-President, MD sold 44,980 shares of the company’s stock on May 13 ’24. The stock was sold for $2,470,302 at an average price of $54.92. Upon completion of the transaction, the Co-President, MD now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 10 ’24, Chairman, CEO MOELIS KENNETH sold 37,102 shares of the business’s stock. A total of $2,007,589 was realized by selling the stock at an average price of $54.11. This leaves the insider owning 5,339 shares of the company worth $0.29 million. A total of 0.34% of the company’s stock is owned by insiders.
During the past 12 months, Moelis & Co has had a low of $38.58 and a high of $58.67. The fifty day moving average price for MC is $53.8064 and a two-hundred day moving average price translates $51.2116 for the stock.
The latest earnings results from Moelis & Co (NYSE: MC) was released for 2024-03-31. The net profit margin was -1.33% and return on equity was -3.04% for MC. The company reported revenue of $217.49 million for the quarter, compared to $187.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.79 percent.
