Medidata Solutions Inc (MDSO) is Initiated by Leerink Partners to Mkt Perform

Medidata Solutions Inc (MDSO) was Initiated by Leerink Partners to “Mkt Perform”. Leerink Partners advised their investors in a research report released on Apr 26, 2016.

Many Wall Street Analysts have commented on Medidata Solutions Inc. Medidata Solutions Inc was Downgraded by Jefferies to ” Underperform” on Apr 26, 2016. Company shares were Reiterated by Topeka Capital Markets on Apr 22, 2016 to “Buy”, Firm has raised the Price Target to $ 51 from a previous price target of $44 .Company shares were Reiterated by Needham on Apr 22, 2016 to “Buy”, Firm has raised the Price Target to $ 57 from a previous price target of $45 .

On the company’s financial health, Medidata Solutions Inc reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.18. The company had revenue of $104.20 million for the quarter, compared to analysts expectations of $103.27 million. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Medidata Solutions Inc opened for trading at $46.5 and hit $48.46 on the upside on Friday, eventually ending the session at $46.97, with a gain of 1.73% or 0.8 points. The heightened volatility saw the trading volume jump to 9,80,897 shares. Company has a market cap of $2,647 M.

In a different news, on Feb 17, 2016, Lee Shapiro (director) purchased 1,500 shares at $33.45 per share price. According to the SEC, on Jul 22, 2015, Steven Isaac Hirschfeld (Chief Commercial Officer) sold 10,201 shares at $60.00 per share price. On Jun 1, 2015, Robert Taylor (director) sold 5,048 shares at $56.81 per share price, according to the Form-4 filing with the securities and exchange commission.

Medidata Solutions Inc. (Medidata) provides cloud-based solutions for life sciences. The Company’s solutions are Medidata Rave an electronic data capture (EDC) and clinical data management system (CDMS) solution; Medidata CTMS a clinical trial management solution; Medidata Designer a protocol design tool; Medidata Insights which offer clinical business analytics and metrics; Medidata Balance a randomization and trial supply management solution; Medidata Patient Cloud an electronic patient-reported outcome (ePRO) application; Medidata Grants Manager which develops and manages trial budgets; Medidata contract research organizations (CRO) Contractor an analytics tool; Medidata SQM a set of cloud-based site quality management dashboards; Medidata Coder a medical coding and synonym management solution; Medidata Safety Gateway which collects and transmits events and related data from the EDC system and Medidata Targeted SDV which implements risk-based monitoring strategies.

Medidata Solutions Inc

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