Manning & Napier Inc. [MN] Stock Looks Poised to Climb Further

Manning & Napier Inc. [MN] has traded in a range of $0.99 to $5.30 in the last 1 year. As of this writing, the stock is at $5.43, up 4.02%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, MN shares are 14.80% up with the monthly amount drift of 36.09% and seems well in a long time frame.

On 11, November 2020, Manning & Napier, Inc. Reports October 31, 2020 Assets Under Management. According to news published on Yahoo Finance, Manning & Napier, Inc. (NYSE: MN), (“Manning & Napier” or “the Company”) today reported preliminary assets under management (“AUM”) as of October 31, 2020 of $18.5 billion compared with $19.2 billion at September 30, 2020. AUM by investment vehicle and by portfolio are set forth in the table below.

Analyst Birdseye View:

The most recent analyst activity for Manning & Napier Inc. [NYSE:MN] stock was on October 27, 2016, when it was Downgrade with an Underperform rating from Keefe Bruyette. On July 15, 2016, Credit Suisse Resumed a Neutral rating. On January 11, 2016, Credit Suisse Resumed a Neutral rating. On September 14, 2015, Raymond James Downgrade a Mkt perform rating. On June 03, 2015, Credit Suisse Initiated a Neutral rating and boosted its amount on this stock to $12. On May 01, 2015, Needham Downgrade a Hold rating. On August 01, 2014, Needham Reiterated a Buy rating and amplified its amount target to $20.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.99 and a peak of $5.30. Right now, the middling Wall Street analyst 12-month amount mark is $3.50. At the most recent market close, shares of Manning & Napier Inc. [NYSE:MN] were valued at $5.43.

FUNDAMENTAL ANALYSIS

Manning & Napier Inc. [NYSE:MN] most recently reported quarterly sales of 32.48 billion, which represented growth of -6.10%. This publicly-traded organization’s revenue is $448,463 per employee, while its income is $5,000 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.71, 0.96, 9.22 and 0.86 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 11.91 and the whole liability to whole assets at 9.52. It shows enduring liability to the whole principal at 10.38 and enduring liability to assets at 0.08 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 5.04 points at 1st support level, the second support level is making up to 4.64. But as of 1st resistance point, this stock is sitting at 5.81 and at 6.18 for 2nd resistance point.

Manning & Napier Inc. [MN] reported its earnings at $0.08 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.03/share signifying the difference of 0.05 and 166.70% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.02 calling estimates for $0.04/share with the difference of -0.02 depicting the surprise of -50.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Manning & Napier Inc. [NYSE:MN] is 2.30. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.99, it’s amount to book ratio is 0.17 and showing 31.03 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Busheri Ebrahim, Director of Investments, and it was the purchase of 16008.0 shares on Nov 12. Busheri Ebrahim, the Director of Investments, completed a purchase of 5610.0 shares on Nov 02. On Oct 30, Busheri Ebrahim, Director of Investments, completed a purchase of 23100.0 shares.