Sales Growth Analysis: The Ready Capital Corporation (RC), Datadog Inc. (DDOG)

You should consider shares of Ready Capital Corporation (NYSE:RC) and Datadog Inc. (NASDAQ:DDOG) if you are looking for a great stocks to invest in. Starting with the RC shares, which traded at $16.24 at the close of the recent session, gaining 3.31%. On Tuesday, the company’s shares shed $0.52 from its value which represented in intraday trading. The stock is now 8.99% higher in year-to-date (YTD) trading. RC’s intraday high was $16.90 while its lowest price touched $16.16. The stock’s 52-week high price is $16.55, which means the current price is at -1.87%. In terms of trading activity, the daily trading volume rose to 2148557 against 200-day average trading volume of 179,761 shares.

What are analyst forecasts for Ready Capital Corporation (NYSE:RC)?

At a consensus rating of 4.25, RC is trending as a streaking Moderate Buy, as it has been the case a month ago when 4 analysts called it a Strong Buy. Two months ago, 4 analysts recommended, on average, that RC stock is a Strong Buy. The Services company’s shares’ overall bullish trend saw it close lower on Tuesday compared to its opening price of $16.66 on the day.

Forecasts for Ready Capital Corporation (NYSE:RC) give the stock a fair value for the growth of 4.47% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $17.00, which means the price per share could rise by nearly $0.76. The price range target is between a low of $16.25 and a high of $17.00. The stock would need to gain by about $4.47 to hit the estimated high or 0.83% from its 12-month low.

The consensus among 7 analysts is that it is a good time for one to Overweight in the Ready Capital Corporation. 3 analysts rate RC as a Buy, with 0 of 7 analysts rate it as a Sell. 1 have valued the stock as Overweight and 3 have recommended that investors Hold.

Ready Capital Corporation (NYSE:RC) Upgrades and Downgrades

In terms of rating changes, Compass Point on November 08, 2019, Downgrade Ready Capital Corporation (RC) at Neutral. They believe the stock could reach $16.50 in the near term. Analysts at Ladenburg Thalmann have assigned a Buy rating for the stock in their research note on November 09, 2018.

Datadog Inc. (NASDAQ:DDOG) adds -$1.83 on Tuesday

The DDOG stock has risen 0.59% year-to-date and is currently trading at $37.77, which is -14.33% below its 52-week high. The company shares lost -4.62% on the day and have risen nearly 37.10% off a low hit. At current levels, Datadog Inc. has a valuation of about $310.70M. As of 12/03/19, this stock has fallen -11.77% during the week and closed at $39.60 in the previous session.

But will the DDOG stock surprise in the current quarter results, where the $0 actual EPS reported on 9/29/2019 surprised by 100.00% or was higher by $0.14 from the estimated -$0.14.

Sales Growth to climb 43.20% for the year

How well will Datadog Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $102M and $103.5M in current quarter sales. The consensus estimated for the current quarter is $102.41M from sales. Forecasts for this fiscal year are between $351M and $352.64M and the consensus estimate for sales is at $351.6M.

Who owns shares in Datadog Inc. (DDOG)?

Dragoneer Investment Group, LLC tops the list of institutional owners as it is holding 7.54 million shares or 27.33% of shares outstanding. Vanguard Group, Inc. (The) and Price (T.Rowe) Associates Inc held 1.72 million and 1.35 million representing 6.24% and 4.90% respectively at the close of the last trading session. As of Sep 29, 2019, Capital Research Global Investors accounted for 1.35 million shares at over 45.78 million. This represented 4.89% of shares outstanding. Morgan Stanley held 1.22 million shares at over 41.54 million representing 4.44% of shares outstanding.

DDOG Insider Activity

On 9/23/2019, Director by the name Iconiq Capital /private Equity/ bought 325500.0 shares worth $8.8 million at the price of $27.00 per share. Filings also show that Iconiq Capital /private Equity/ bought a total of 325500.0 shares on 9/23/2019 valued at $8.8 million. Since the last insider activity, the company’s share price has climbed 9.66%.