MINDBODY Inc (NASDAQ:MB) major shareholder Luxor Capital Group, Lp sold 78,548 shares of MINDBODY stock in a transaction on Monday, November 5th. The shares were sold at an average price of $33.20, for a total value of $2,607,793.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Luxor Capital Group, Lp also recently made the following trade(s):
- On Friday, November 2nd, Luxor Capital Group, Lp acquired 144,100 shares of MINDBODY stock. The shares were acquired at an average cost of $33.51 per share, with a total value of $4,828,791.00.
Shares of MB stock opened at $33.59 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 9.61 and a quick ratio of 9.61. MINDBODY Inc has a 12-month low of $28.70 and a 12-month high of $45.50. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -111.97 and a beta of 0.35.
A number of hedge funds have recently modified their holdings of the business. Sei Investments Co. bought a new stake in shares of MINDBODY in the 1st quarter valued at about $143,000. Nwam LLC bought a new stake in shares of MINDBODY in the 2nd quarter valued at about $205,000. Xact Kapitalforvaltning AB bought a new stake in shares of MINDBODY in the 1st quarter valued at about $223,000. Public Employees Retirement Association of Colorado bought a new stake in shares of MINDBODY in the 3rd quarter valued at about $259,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of MINDBODY in the 2nd quarter valued at about $265,000. 98.86% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on the company. BidaskClub raised MINDBODY from a “hold” rating to a “buy” rating in a research note on Tuesday, October 30th. William Blair assumed coverage on MINDBODY in a research note on Wednesday, September 26th. They set a “market perform” rating for the company. DA Davidson lifted their price objective on MINDBODY to $48.00 and gave the company a “buy” rating in a research note on Wednesday, September 19th. Wells Fargo & Co assumed coverage on MINDBODY in a research note on Friday, September 7th. They set an “outperform” rating and a $45.00 price objective for the company. Finally, Credit Suisse Group dropped their price objective on MINDBODY from $41.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, August 1st. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. MINDBODY has an average rating of “Buy” and a consensus price target of $40.20.
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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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