Media stories about MINDBODY (NASDAQ:MB) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MINDBODY earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.152271237932 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several brokerages have weighed in on MB. Roth Capital reiterated a “buy” rating and issued a $31.50 target price on shares of MINDBODY in a research note on Thursday, September 28th. BidaskClub upgraded MINDBODY from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. UBS AG reiterated a “buy” rating and issued a $40.00 target price (up from $34.00) on shares of MINDBODY in a research note on Thursday, November 9th. Zacks Investment Research upgraded MINDBODY from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Wednesday, September 27th. Finally, KeyCorp reiterated a “buy” rating and issued a $32.00 target price on shares of MINDBODY in a research note on Sunday, October 22nd. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $32.54.
Shares of MINDBODY (MB) traded up $1.75 during trading hours on Friday, hitting $34.05. The stock had a trading volume of 431,600 shares, compared to its average volume of 431,041. 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 has a twelve month low of $19.50 and a twelve month high of $34.40.
MINDBODY (NASDAQ:MB) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. MINDBODY had a negative return on equity of 8.39% and a negative net margin of 9.26%. The firm had revenue of $46.60 million during the quarter, compared to the consensus estimate of $45.59 million. During the same quarter in the previous year, the business earned ($0.09) earnings per share. The firm’s quarterly revenue was up 32.0% compared to the same quarter last year. research analysts anticipate that MINDBODY will post -0.31 earnings per share for the current fiscal year.
In other MINDBODY news, CEO Richard Lee Stollmeyer sold 17,739 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $23.71, for a total transaction of $420,591.69. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brett T. White sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $31.18, for a total value of $311,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 955,594 shares of company stock worth $25,273,140 and have sold 168,717 shares worth $4,684,727. Insiders own 8.22% of the company’s stock.
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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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