MINDBODY, Inc. (NASDAQ:MB) insider Kunal Mittal sold 5,000 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $30.00, for a total value of $150,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
MINDBODY, Inc. (MB) traded down 0.92% during mid-day trading on Tuesday, hitting $32.25. The stock had a trading volume of 781,433 shares. MINDBODY, Inc. has a 1-year low of $19.00 and a 1-year high of $34.11. The stock has a 50 day moving average of $27.17 and a 200-day moving average of $27.17. The firm’s market cap is $1.49 billion.
MINDBODY (NASDAQ:MB) last announced its quarterly earnings data on Thursday, October 26th. The technology company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. The firm had revenue of $46.60 million for the quarter, compared to analyst estimates of $45.59 million. MINDBODY had a negative return on equity of 9.70% and a negative net margin of 9.26%. The business’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same period last year, the company earned ($0.09) EPS. Analysts predict that MINDBODY, Inc. will post ($0.02) EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in MB. Victory Capital Management Inc. bought a new position in shares of MINDBODY in the 2nd quarter worth $37,529,000. Federated Investors Inc. PA boosted its position in shares of MINDBODY by 112.3% in the 2nd quarter. Federated Investors Inc. PA now owns 401,845 shares of the technology company’s stock worth $10,930,000 after purchasing an additional 212,537 shares during the last quarter. Bank of America Corp DE boosted its position in shares of MINDBODY by 5.2% in the 1st quarter. Bank of America Corp DE now owns 35,657 shares of the technology company’s stock worth $979,000 after purchasing an additional 1,762 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of MINDBODY by 19.4% in the 1st quarter. Vanguard Group Inc. now owns 904,161 shares of the technology company’s stock worth $24,820,000 after purchasing an additional 146,816 shares during the last quarter. Finally, State of Wisconsin Investment Board bought a new position in shares of MINDBODY in the 2nd quarter worth $6,664,000. Hedge funds and other institutional investors own 84.67% of the company’s stock.
A number of research analysts have issued reports on MB shares. Zacks Investment Research upgraded MINDBODY from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Wednesday, September 27th. KeyCorp reiterated a “buy” rating and set a $32.00 price target on shares of MINDBODY in a research report on Sunday, October 22nd. Craig Hallum reissued a “buy” rating and issued a $30.00 price objective on shares of MINDBODY in a research note on Monday, September 25th. Jefferies Group LLC initiated coverage on MINDBODY in a research note on Thursday, August 24th. They issued a “hold” rating and a $26.00 price objective on the stock. Finally, BidaskClub downgraded MINDBODY from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. MINDBODY currently has an average rating of “Buy” and a consensus target price of $30.95.
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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