MINDBODY (NASDAQ:MB) had its target price hoisted by stock analysts at Credit Suisse Group from $33.00 to $36.00 in a research report issued on Thursday. The firm currently has an “outperform” rating on the technology company’s stock. Credit Suisse Group’s price objective points to a potential upside of 7.95% from the company’s previous close.
A number of other equities analysts also recently commented on the stock. DA Davidson initiated coverage on shares of MINDBODY in a research note on Wednesday, November 15th. They issued a “buy” rating and a $42.00 target price on the stock. Jefferies Group raised shares of MINDBODY from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Monday, January 8th. KeyCorp reaffirmed a “buy” rating and set a $41.00 price target (up from $34.00) on shares of MINDBODY in a report on Monday, January 22nd. BidaskClub lowered shares of MINDBODY from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. Finally, UBS Group reaffirmed a “buy” rating and set a $40.00 price target (up from $34.00) on shares of MINDBODY in a report on Thursday, November 9th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $35.86.
Shares of MINDBODY (NASDAQ MB) traded down $0.10 during mid-day trading on Thursday, hitting $33.35. 551,400 shares of the stock were exchanged, compared to its average volume of 365,008. MINDBODY has a fifty-two week low of $21.57 and a fifty-two week high of $36.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 9.20 and a current ratio of 9.20. The stock has a market cap of $1,562.11, a P/E ratio of -87.76 and a beta of -0.08.
MINDBODY (NASDAQ:MB) last issued its earnings results on Wednesday, February 21st. The technology company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.02. MINDBODY had a negative net margin of 9.26% and a negative return on equity of 8.39%. The business had revenue of $49.70 million for the quarter, compared to the consensus estimate of $48.96 million. During the same quarter last year, the firm posted ($0.04) EPS. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. equities analysts forecast that MINDBODY will post -0.31 earnings per share for the current fiscal year.
In other MINDBODY news, CEO Richard Lee Stollmeyer sold 17,739 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $31.95, for a total transaction of $566,761.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Luxor Capital Group, Lp acquired 43,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $31.36 per share, with a total value of $1,348,480.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 92,348 shares of company stock valued at $2,883,809. Company insiders own 8.22% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. boosted its holdings in shares of MINDBODY by 153.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 155,065 shares of the technology company’s stock valued at $4,009,000 after buying an additional 93,865 shares during the period. Granahan Investment Management Inc. MA boosted its holdings in shares of MINDBODY by 13.3% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 446,766 shares of the technology company’s stock valued at $11,549,000 after buying an additional 52,521 shares during the period. Northern Trust Corp boosted its holdings in shares of MINDBODY by 103.2% in the 2nd quarter. Northern Trust Corp now owns 437,838 shares of the technology company’s stock valued at $11,909,000 after buying an additional 222,348 shares during the period. Vanguard Group Inc. boosted its holdings in shares of MINDBODY by 67.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,511,343 shares of the technology company’s stock valued at $41,109,000 after buying an additional 607,182 shares during the period. Finally, American International Group Inc. boosted its holdings in shares of MINDBODY by 23.5% in the 3rd quarter. American International Group Inc. now owns 28,241 shares of the technology company’s stock valued at $730,000 after buying an additional 5,380 shares during the period. 87.69% of the stock is owned by 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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