Allianz Asset Management GmbH Acquires 14,250 Shares of MINDBODY Inc (MB)

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 Inc (NASDAQ MB) opened at $30.65 on Thursday. MINDBODY Inc has a one year low of $20.55 and a one year high of $36.25. The company has a quick ratio of 9.20, a current ratio of 9.20 and a debt-to-equity ratio of 0.06.

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 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.

Institutional Ownership by Quarter for MINDBODY (NASDAQ:MB)

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