MINDBODY Inc (NASDAQ:MB) CEO Richard Lee Stollmeyer sold 13,600 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $40.57, for a total value of $551,752.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Richard Lee Stollmeyer also recently made the following trade(s):
- On Monday, April 2nd, Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock. The shares were sold at an average price of $37.73, for a total value of $669,292.47.
- On Thursday, March 1st, Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock. The shares were sold at an average price of $35.25, for a total value of $625,299.75.
- On Friday, February 23rd, Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock. The shares were sold at an average price of $35.76, for a total value of $634,346.64.
- On Tuesday, January 2nd, Richard Lee Stollmeyer sold 17,741 shares of MINDBODY stock. The shares were sold at an average price of $30.30, for a total value of $537,552.30.
Shares of NASDAQ:MB opened at $38.55 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 8.66 and a quick ratio of 8.66. The firm has a market capitalization of $1,817.25, a PE ratio of -128.50 and a beta of -0.10. MINDBODY Inc has a twelve month low of $21.57 and a twelve month high of $43.45.
MINDBODY (NASDAQ:MB) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.02. The firm had revenue of $49.70 million during the quarter, compared to analyst estimates of $48.96 million. MINDBODY had a negative return on equity of 6.29% and a negative net margin of 8.10%. The company’s revenue was up 30.1% on a year-over-year basis. During the same period last year, the company earned ($0.04) earnings per share. equities analysts anticipate that MINDBODY Inc will post -0.12 earnings per share for the current year.
A number of brokerages have issued reports on MB. Imperial Capital lifted their price objective on MINDBODY from $35.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Morgan Stanley restated an “equal weight” rating and issued a $39.00 target price (up from $37.00) on shares of MINDBODY in a research note on Thursday, February 22nd. Craig Hallum restated a “buy” rating and issued a $45.00 target price (up from $40.00) on shares of MINDBODY in a research note on Tuesday, March 13th. KeyCorp restated an “overweight” rating and issued a $47.00 target price (up from $41.00) on shares of MINDBODY in a research note on Tuesday, March 13th. Finally, ValuEngine upgraded MINDBODY from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $37.63.
A number of hedge funds have recently made changes to their positions in MB. Gotham Asset Management LLC acquired a new stake in MINDBODY in the fourth quarter worth about $253,000. Nordea Investment Management AB acquired a new stake in MINDBODY in the third quarter worth about $269,000. ClariVest Asset Management LLC acquired a new stake in MINDBODY in the third quarter worth about $269,000. UBS Asset Management Americas Inc. acquired a new stake in MINDBODY in the fourth quarter worth about $271,000. Finally, Arthur M. Cohen & Associates LLC acquired a new stake in MINDBODY in the fourth quarter worth about $274,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.
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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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