BidaskClub lowered shares of MINDBODY (NASDAQ:MB) from a strong-buy rating to a buy rating in a research report report published on Thursday, December 7th.
Other equities analysts have also issued research reports about the company. KeyCorp restated a buy rating and set a $32.00 price target on shares of MINDBODY in a research note on Sunday, October 22nd. Jefferies Group initiated coverage on MINDBODY in a research note on Thursday, August 24th. They set a hold rating and a $26.00 price target on the stock. Zacks Investment Research upgraded MINDBODY from a hold rating to a buy rating and set a $29.00 price target on the stock in a research note on Wednesday, September 27th. DA Davidson initiated coverage on MINDBODY in a research note on Wednesday, November 15th. They set a buy rating and a $42.00 price target on the stock. Finally, Craig Hallum restated a buy rating and set a $30.00 price target on shares of MINDBODY in a research note on Monday, September 25th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. MINDBODY presently has an average rating of Buy and an average target price of $32.54.
MINDBODY (NASDAQ MB) traded up $0.35 during trading hours on Thursday, hitting $30.80. The stock had a trading volume of 907,256 shares, compared to its average volume of 578,100. MINDBODY has a fifty-two week low of $21.20 and a fifty-two week high of $36.25. The company has a market capitalization of $1,400.00 and a P/E ratio of -83.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 9.20 and a current ratio of 9.20.
MINDBODY (NASDAQ:MB) last released its earnings results on Thursday, October 26th. The technology company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05. MINDBODY had a negative return on equity of 8.39% and a negative net margin of 9.26%. The business had revenue of $46.60 million during the quarter, compared to the consensus estimate of $45.59 million. During the same period last year, the company earned ($0.09) earnings per share. The business’s revenue for the quarter was up 32.0% compared to the same quarter last year. analysts forecast that MINDBODY will post -0.31 EPS for the current fiscal year.
In other news, major shareholder Luxor Capital Group, Lp bought 341,079 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was purchased at an average price of $27.95 per share, with a total value of $9,533,158.05. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brett T. White sold 10,000 shares of MINDBODY stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $31.18, for a total value of $311,800.00. The disclosure for this sale can be found here. Insiders have sold 187,846 shares of company stock worth $5,633,999 in the last 90 days. Insiders own 8.22% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its holdings in MINDBODY by 0.3% in the second quarter. Parallel Advisors LLC now owns 14,920 shares of the technology company’s stock valued at $387,000 after acquiring an additional 45 shares during the period. Legal & General Group Plc lifted its holdings in MINDBODY by 4.1% in the first quarter. Legal & General Group Plc now owns 4,218 shares of the technology company’s stock valued at $116,000 after acquiring an additional 166 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in MINDBODY by 49.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 5,046 shares of the technology company’s stock valued at $137,000 after acquiring an additional 1,678 shares during the period. Bank of America Corp DE lifted its holdings in MINDBODY by 5.2% in the first quarter. Bank of America Corp DE now owns 35,657 shares of the technology company’s stock valued at $979,000 after acquiring an additional 1,762 shares during the period. Finally, Nationwide Fund Advisors lifted its holdings in MINDBODY by 8.7% in the third quarter. Nationwide Fund Advisors now owns 22,669 shares of the technology company’s stock valued at $586,000 after acquiring an additional 1,814 shares during the period. 90.14% of the stock is owned by hedge funds and other institutional investors.
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MINDBODY, Inc is a provider of cloud-based business management software for the wellness services industry and operates as a consumer marketplace with local business subscribers on its platform. The Company’s subscribers provide a range of wellness services to active consumers. Its integrated software and payments platform helps business owners in the wellness services industry run, market and build their businesses.
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