Allianz Asset Management GmbH grew its holdings in MINDBODY Inc (NASDAQ:MB) by 7.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 199,077 shares of the technology company’s stock after acquiring an additional 14,250 shares during the period. Allianz Asset Management GmbH owned 0.43% of MINDBODY worth $5,146,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Victory Capital Management Inc. acquired a new stake in shares of MINDBODY in the second quarter worth $37,529,000. Federated Investors Inc. PA lifted its stake in shares of MINDBODY by 112.3% in the second quarter. Federated Investors Inc. PA now owns 401,845 shares of the technology company’s stock worth $10,930,000 after buying an additional 212,537 shares during the last quarter. State of Wisconsin Investment Board acquired a new stake in shares of MINDBODY in the second quarter worth $6,664,000. Baillie Gifford & Co. lifted its stake in shares of MINDBODY by 51.7% in the second quarter. Baillie Gifford & Co. now owns 250,661 shares of the technology company’s stock worth $6,818,000 after buying an additional 85,400 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of MINDBODY by 103.2% in the second quarter. Northern Trust Corp now owns 437,838 shares of the technology company’s stock worth $11,909,000 after buying an additional 222,348 shares during the last quarter. 90.14% of the stock is owned by institutional investors.
In other MINDBODY news, insider Kunal Mittal sold 5,000 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $30.00, for a total transaction of $150,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kimberly Gail Lytikainen sold 36,868 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $30.11, for a total transaction of $1,110,095.48. The disclosure for this sale can be found here. In the last ninety days, insiders bought 535,546 shares of company stock worth $14,801,343 and sold 215,585 shares worth $6,370,392. 8.22% of the stock is currently owned by corporate insiders.
MINDBODY (NASDAQ:MB) last released its earnings results on Thursday, October 26th. The technology company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. The firm had revenue of $46.60 million during the quarter, compared to analysts’ expectations of $45.59 million. MINDBODY had a negative net margin of 9.26% and a negative return on equity of 8.39%. The business’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.09) EPS. equities research analysts expect that MINDBODY Inc will post -0.31 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on the stock. Roth Capital restated a “buy” rating and issued a $31.50 price objective on shares of MINDBODY in a research note on Thursday, September 28th. BidaskClub upgraded shares of MINDBODY from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Zacks Investment Research upgraded shares of MINDBODY from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Wednesday, September 27th. KeyCorp reiterated a “buy” rating and set a $32.00 target price on shares of MINDBODY in a research note on Sunday, October 22nd. Finally, Craig Hallum reiterated a “buy” rating and set a $30.00 target price on shares of MINDBODY in a research note on Monday, September 25th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $32.54.
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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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