MINDBODY, Inc. (NASDAQ:MB) insider Kimberly Gail Lytikainen sold 30,500 shares of the company’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $27.99, for a total transaction of $853,695.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
MINDBODY, Inc. (NASDAQ MB) opened at 27.90 on Friday. The company’s market cap is $1.29 billion. The stock’s 50 day moving average is $26.21 and its 200-day moving average is $26.21. MINDBODY, Inc. has a 52-week low of $16.95 and a 52-week 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, beating the consensus estimate of ($0.05) by $0.04. MINDBODY had a negative net margin of 11.34% and a negative return on equity of 12.49%. The company had revenue of $44.10 million for the quarter, compared to analysts’ expectations of $44.11 million. During the same quarter in the previous year, the company earned ($0.10) earnings per share. MINDBODY’s quarterly revenue was up 31.3% on a year-over-year basis. Equities research analysts predict that MINDBODY, Inc. will post ($0.09) EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its stake in MINDBODY by 481.5% during the second quarter. FMR LLC now owns 3,150,890 shares of the technology company’s stock worth $85,705,000 after acquiring an additional 2,609,059 shares in the last quarter. Capital World Investors boosted its stake in MINDBODY by 14.7% during the second quarter. Capital World Investors now owns 2,593,000 shares of the technology company’s stock worth $70,530,000 after acquiring an additional 333,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in MINDBODY by 67.2% during the second quarter. Vanguard Group Inc. now owns 1,511,343 shares of the technology company’s stock worth $41,109,000 after acquiring an additional 607,182 shares in the last quarter. Clearbridge Investments LLC boosted its stake in MINDBODY by 0.7% during the first quarter. Clearbridge Investments LLC now owns 1,484,458 shares of the technology company’s stock worth $40,748,000 after acquiring an additional 9,596 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in MINDBODY during the second quarter worth about $37,529,000. Institutional investors own 92.75% of the company’s stock.
A number of analysts have commented on the stock. BidaskClub raised shares of MINDBODY from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. KeyCorp reissued a “hold” rating on shares of MINDBODY in a research report on Thursday, July 27th. Jefferies Group LLC began coverage on shares of MINDBODY in a research report on Thursday, August 24th. They set a “hold” rating and a $26.00 price objective on the stock. Zacks Investment Research raised shares of MINDBODY from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Wednesday, September 27th. Finally, Craig Hallum reissued a “buy” rating and set a $30.00 price objective on shares of MINDBODY in a research report on Monday, September 25th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average 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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