News headlines about MINDBODY (NASDAQ:MB) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MINDBODY earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 44.7117895261278 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern’s rankings:
MINDBODY (NASDAQ:MB) traded down $0.15 during trading hours on Friday, reaching $33.10. The company had a trading volume of 191,319 shares, compared to its average volume of 451,876. The firm has a market capitalization of $1,540.00 and a price-to-earnings ratio of -89.46. MINDBODY has a 1 year low of $21.57 and a 1 year high of $36.25. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.06.
MINDBODY (NASDAQ:MB) last released its earnings results on Thursday, October 26th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $46.60 million for the quarter, compared to analyst estimates of $45.59 million. MINDBODY had a negative return on equity of 8.39% and a negative net margin of 9.26%. MINDBODY’s revenue was up 32.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.09) earnings per share. equities analysts anticipate that MINDBODY will post -0.31 earnings per share for the current fiscal year.
A number of research firms have issued reports on MB. Zacks Investment Research cut MINDBODY from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. UBS Group reiterated a “buy” rating and issued a $40.00 target price (up from $34.00) on shares of MINDBODY in a research note on Thursday, November 9th. DA Davidson began coverage on MINDBODY in a report on Wednesday, November 15th. They set a “buy” rating and a $42.00 price target on the stock. Jefferies Group raised MINDBODY from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Monday, January 8th. Finally, BidaskClub lowered MINDBODY from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $32.54.
In related news, CEO Richard Lee Stollmeyer sold 17,741 shares of MINDBODY stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $30.30, for a total value of $537,552.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kunal Mittal sold 10,000 shares of MINDBODY stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $35.00, for a total value of $350,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 175,087 shares of company stock worth $5,317,856. 8.22% of the stock is owned by corporate insiders.
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MINDBODY Company Profile
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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