News articles about MINDBODY (NASDAQ:MB) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MINDBODY earned a news impact score of 0.13 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.9668940490048 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of research analysts have recently commented on MB shares. Zacks Investment Research cut MINDBODY from a “hold” rating to a “sell” rating in a research note on Wednesday, April 25th. ValuEngine upgraded MINDBODY from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. BidaskClub cut MINDBODY from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 30th. DA Davidson set a $46.00 price target on MINDBODY and gave the company a “buy” rating in a research note on Wednesday, March 14th. Finally, Craig Hallum cut MINDBODY from a “buy” rating to a “hold” rating and set a $28.00 price target for the company. in a research note on Wednesday, May 9th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $36.75.
MINDBODY traded down $0.15, hitting $39.55, during trading hours on Tuesday, Marketbeat.com reports. 4,686 shares of the company were exchanged, compared to its average volume of 717,623. The firm has a market cap of $1.83 billion, a P/E ratio of -131.83 and a beta of -0.10. The company has a quick ratio of 8.10, a current ratio of 8.10 and a debt-to-equity ratio of 0.06. MINDBODY has a one year low of $21.57 and a one year high of $45.50.
MINDBODY (NASDAQ:MB) last announced its earnings results on Tuesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The business had revenue of $53.82 million during the quarter, compared to analyst estimates of $53.84 million. MINDBODY had a negative return on equity of 4.62% and a negative net margin of 6.47%. MINDBODY’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period last year, the company earned ($0.03) EPS. equities research analysts expect that MINDBODY will post -0.57 EPS for the current year.
In other news, CFO Brett T. White sold 20,000 shares of MINDBODY stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $39.17, for a total value of $783,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kimberly Gail Lytikainen sold 1,004 shares of MINDBODY stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $38.73, for a total value of $38,884.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,982 shares of company stock valued at $3,140,724. 6.02% of the stock is owned by corporate insiders.
MINDBODY Company Profile
MINDBODY, Inc operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses to run, market, and build scheduling and online booking, performance tracking, staff management, client relationship management, integrated payment processing, retail point-of-sale, purchase tracking, inventory, hardware integration, analytics and reporting, branded Web, mobility, social integration, client acquisition dashboard, security and compliance, and integration with other cloud-based partners for yoga, Pilates, indoor cycling, group and personal training, boutique fitness, salons, spas, and integrative health businesses.
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