MINDBODY, Inc. (MB) Insider Kimberly Gail Lytikainen Sells 30,500 Shares
MINDBODY, Inc. (NASDAQ:MB) insider Kimberly Gail Lytikainen sold 30,500 shares of the business’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 transaction of $853,695.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of MINDBODY, Inc. (MB) traded down 0.36% on Wednesday, reaching $27.75. 242,178 shares of the company’s stock were exchanged. The company’s market capitalization is $1.29 billion. The firm’s 50 day moving average price is $26.07 and its 200-day moving average price is $26.07. MINDBODY, Inc. has a 12 month low of $16.95 and a 12 month high of $29.75.
MINDBODY (NASDAQ:MB) last released its quarterly earnings data on Wednesday, July 26th. The technology company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. MINDBODY had a negative return on equity of 12.49% and a negative net margin of 11.34%. The firm had revenue of $44.10 million for the quarter, compared to the consensus estimate of $44.11 million. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The firm’s revenue was up 31.3% on a year-over-year basis. On average, equities analysts anticipate that MINDBODY, Inc. will post ($0.09) EPS for the current year.
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A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in MINDBODY by 481.5% in the second quarter. FMR LLC now owns 3,150,890 shares of the technology company’s stock worth $85,705,000 after buying an additional 2,609,059 shares during the last quarter. Capital World Investors increased its holdings in MINDBODY by 14.7% in the second quarter. Capital World Investors now owns 2,593,000 shares of the technology company’s stock worth $70,530,000 after buying an additional 333,000 shares during the last quarter. Vanguard Group Inc. increased its holdings in MINDBODY by 67.2% in the second quarter. Vanguard Group Inc. now owns 1,511,343 shares of the technology company’s stock worth $41,109,000 after buying an additional 607,182 shares during the last quarter. Clearbridge Investments LLC increased its holdings in MINDBODY by 0.7% in the first quarter. Clearbridge Investments LLC now owns 1,484,458 shares of the technology company’s stock worth $40,748,000 after buying an additional 9,596 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in MINDBODY in the second quarter worth approximately $37,529,000. Hedge funds and other institutional investors own 92.75% of the company’s stock.
MB has been the subject of a number of recent analyst reports. UBS AG restated a “buy” rating and issued a $32.00 target price (up from $30.00) on shares of MINDBODY in a report on Wednesday, June 14th. BidaskClub downgraded shares of MINDBODY from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. 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 report on Thursday, July 6th. Craig Hallum restated a “buy” rating and issued a $30.00 target price on shares of MINDBODY in a report on Monday, September 25th. Finally, Roth Capital restated a “buy” rating and issued a $31.50 target price on shares of MINDBODY in a report on Thursday, September 28th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus 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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