MINDBODY, Inc. (NASDAQ:MB) insider Kimberly Gail Lytikainen sold 30,500 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $27.99, for a total value of $853,695.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of MINDBODY, Inc. (MB) traded up 0.450% during mid-day trading on Thursday, hitting $27.875. 43,766 shares of the company traded hands. The stock’s market capitalization is $1.29 billion. The firm’s 50 day moving average price is $26.14 and its 200-day moving average price is $26.14. MINDBODY, Inc. has a 1-year low of $16.95 and a 1-year high of $29.75.
MINDBODY (NASDAQ:MB) last announced its quarterly earnings results on Wednesday, July 26th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $44.10 million for the quarter, compared to analyst estimates of $44.11 million. MINDBODY had a negative net margin of 11.34% and a negative return on equity of 12.49%. The company’s revenue was up 31.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.10) EPS. On average, equities research analysts forecast that MINDBODY, Inc. will post ($0.09) EPS for the current year.
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MB has been the topic of several research reports. Zacks Investment Research raised MINDBODY from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Wednesday, September 27th. Craig Hallum reissued a “buy” rating and issued a $30.00 price target on shares of MINDBODY in a research note on Monday, September 25th. KeyCorp reaffirmed a “hold” rating on shares of MINDBODY in a research note on Thursday, July 27th. Jefferies Group LLC assumed coverage on MINDBODY in a research note on Thursday, August 24th. They set a “hold” rating and a $26.00 price objective on the stock. Finally, BidaskClub raised MINDBODY from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. MINDBODY presently has an average rating of “Buy” and a consensus target price of $30.95.
A number of institutional investors have recently made changes to their positions in MB. Quantbot Technologies LP grew its holdings in MINDBODY by 96.3% in the 1st quarter. Quantbot Technologies LP now owns 3,932 shares of the technology company’s stock worth $107,000 after acquiring an additional 1,929 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in MINDBODY by 2,171.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,111 shares of the technology company’s stock worth $112,000 after acquiring an additional 3,930 shares during the last quarter. Legal & General Group Plc grew its holdings in MINDBODY by 4.1% in the 1st quarter. Legal & General Group Plc now owns 4,218 shares of the technology company’s stock worth $116,000 after acquiring an additional 166 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in MINDBODY by 49.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,046 shares of the technology company’s stock worth $137,000 after acquiring an additional 1,678 shares during the last quarter. Finally, Credit Suisse AG bought a new stake in MINDBODY in the 1st quarter worth $220,000. 92.75% of the stock is currently owned by institutional investors and hedge funds.
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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