MINDBODY (NASDAQ:MB)‘s stock had its “buy” rating restated by investment analysts at Craig Hallum in a report released on Thursday. They presently have a $40.00 target price on the technology company’s stock, up from their prior target price of $32.00. Craig Hallum’s price target points to a potential upside of 8.70% from the company’s current price.
A number of other research firms also recently weighed in on MB. Morgan Stanley upped their target price on MINDBODY from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. BidaskClub upgraded MINDBODY from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. KeyCorp restated a “buy” rating and issued a $41.00 target price (up from $34.00) on shares of MINDBODY in a research report on Monday, January 22nd. Zacks Investment Research downgraded MINDBODY from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, UBS Group restated a “buy” rating and issued a $40.00 target price (up from $34.00) on shares of MINDBODY in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.38.
MINDBODY (NASDAQ:MB) opened at $36.80 on Thursday. MINDBODY has a fifty-two week low of $21.57 and a fifty-two week high of $37.25. The stock has a market capitalization of $1,780.00 and a P/E ratio of -108.24. The company has a debt-to-equity ratio of 0.06, a current ratio of 9.20 and a quick ratio of 9.20.
MINDBODY (NASDAQ:MB) last issued its quarterly earnings data on Wednesday, February 21st. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. MINDBODY had a negative return on equity of 6.70% and a negative net margin of 8.10%. The business had revenue of $49.70 million during the quarter, compared to analyst estimates of $48.96 million. During the same period in the prior year, the company posted ($0.04) EPS. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. analysts anticipate that MINDBODY will post -0.11 earnings per share for the current fiscal year.
In other news, major shareholder Luxor Capital Group, Lp bought 43,000 shares of the business’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Brett T. White sold 10,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $31.94, for a total transaction of $319,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 92,348 shares of company stock valued at $2,883,809 in the last quarter. Insiders own 8.22% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Luxor Capital Group LP raised its stake in MINDBODY by 8.7% during the 4th quarter. Luxor Capital Group LP now owns 6,220,410 shares of the technology company’s stock valued at $189,411,000 after purchasing an additional 498,724 shares during the period. BlackRock Inc. raised its stake in MINDBODY by 2.0% during the 4th quarter. BlackRock Inc. now owns 2,460,372 shares of the technology company’s stock valued at $74,917,000 after purchasing an additional 48,837 shares during the period. Victory Capital Management Inc. raised its stake in MINDBODY by 19.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,725,271 shares of the technology company’s stock valued at $52,535,000 after purchasing an additional 283,575 shares during the period. Vanguard Group Inc. raised its stake in MINDBODY by 67.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,511,343 shares of the technology company’s stock valued at $41,109,000 after purchasing an additional 607,182 shares during the period. Finally, Ranger Investment Management L.P. raised its stake in MINDBODY by 18.2% during the 4th quarter. Ranger Investment Management L.P. now owns 862,396 shares of the technology company’s stock valued at $26,260,000 after purchasing an additional 132,911 shares during the period. 87.69% of the stock is currently owned by institutional investors.
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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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