KAMES CAPITAL plc acquired a new position in MINDBODY Inc (NASDAQ:MB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,289 shares of the technology company’s stock, valued at approximately $890,000.
Other institutional investors have also recently modified their holdings of the company. FMR LLC increased its position 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 during the period. Vanguard Group Inc. increased its position 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 during the period. State Street Corp increased its position in MINDBODY by 151.3% during the second quarter. State Street Corp now owns 620,907 shares of the technology company’s stock worth $16,885,000 after acquiring an additional 373,828 shares during the period. Renaissance Technologies LLC increased its position in MINDBODY by 44.2% during the second quarter. Renaissance Technologies LLC now owns 1,110,900 shares of the technology company’s stock worth $30,216,000 after acquiring an additional 340,300 shares during the period. Finally, Capital World Investors increased its position 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 during the period. Institutional investors and hedge funds own 90.14% of the company’s stock.
In other news, major shareholder Luxor Capital Group, Lp bought 83,022 shares of MINDBODY stock in a transaction dated Monday, October 16th. The shares were bought at an average price of $27.95 per share, for a total transaction of $2,320,464.90. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kimberly Gail Lytikainen sold 50,000 shares of the business’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $28.39, for a total transaction of $1,419,500.00. The disclosure for this sale can be found here. Insiders sold a total of 175,087 shares of company stock worth $5,317,856 in the last 90 days. 8.22% of the stock is owned by corporate insiders.
Shares of MINDBODY Inc (NASDAQ MB) opened at $33.10 on Friday. The stock has a market cap of $1,540.00 and a price-to-earnings ratio of -89.46. 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 Inc has a fifty-two week low of $21.57 and a fifty-two week high of $36.25.
MINDBODY (NASDAQ:MB) last issued 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. MINDBODY had a negative net margin of 9.26% and a negative return on equity of 8.39%. The company had revenue of $46.60 million for the quarter, compared to the consensus estimate of $45.59 million. During the same quarter in the previous year, the company earned ($0.09) EPS. The firm’s revenue for the quarter was up 32.0% compared to the same quarter last year. equities research analysts forecast that MINDBODY Inc will post -0.31 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on the stock. UBS Group reissued a “buy” rating and issued a $40.00 price target (up previously from $34.00) on shares of MINDBODY in a report on Thursday, November 9th. Roth Capital reissued a “buy” rating and issued a $31.50 price target on shares of MINDBODY in a report on Thursday, September 28th. Zacks Investment Research lowered shares of MINDBODY from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. BidaskClub lowered shares of MINDBODY from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Finally, KeyCorp raised shares of MINDBODY from a “sector weight” rating to an “overweight” rating and boosted their price target for the company from $16.95 to $32.00 in a report on Friday, September 22nd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus 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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