MINDBODY Inc (MB) Given Consensus Rating of “Buy” by Analysts

Shares of MINDBODY Inc (NASDAQ:MB) have been assigned a consensus rating of “Buy” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $34.41.

A number of analysts recently commented on MB shares. Zacks Investment Research cut shares of MINDBODY from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. KeyCorp reaffirmed a “buy” rating and set a $32.00 target price on shares of MINDBODY in a report on Sunday, October 22nd. DA Davidson started coverage on shares of MINDBODY in a report on Wednesday, November 15th. They set a “buy” rating and a $42.00 target price on the stock. Jefferies Group raised shares of MINDBODY from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Monday, January 8th. Finally, BidaskClub lowered shares of MINDBODY from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th.

Shares of MINDBODY (NASDAQ:MB) opened at $33.70 on Friday. The company has a market cap of $1,570.00 and a P/E ratio of -91.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 9.20 and a current ratio of 9.20. MINDBODY has a 52 week low of $21.57 and a 52 week high of $36.25.

In other news, CEO Richard Lee Stollmeyer sold 17,741 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $30.30, for a total value of $537,552.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kunal Mittal sold 10,000 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $35.00, for a total transaction of $350,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 92,348 shares of company stock worth $2,883,809 in the last ninety days. 8.22% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of MB. Schwab Charles Investment Management Inc. increased its holdings in shares of MINDBODY by 118.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 61,200 shares of the technology company’s stock worth $1,665,000 after buying an additional 33,200 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of MINDBODY by 121.4% in the 2nd quarter. Legal & General Group Plc now owns 9,340 shares of the technology company’s stock worth $254,000 after buying an additional 5,122 shares during the last quarter. Swiss National Bank increased its holdings in shares of MINDBODY by 115.8% in the 2nd quarter. Swiss National Bank now owns 47,900 shares of the technology company’s stock worth $1,303,000 after buying an additional 25,700 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of MINDBODY by 73.7% in the 2nd quarter. Wells Fargo & Company MN now owns 140,935 shares of the technology company’s stock worth $3,833,000 after buying an additional 59,811 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of MINDBODY by 233.6% in the 2nd quarter. Alliancebernstein L.P. now owns 45,700 shares of the technology company’s stock worth $1,243,000 after buying an additional 32,000 shares during the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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About MINDBODY

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.

Analyst Recommendations for MINDBODY (NASDAQ:MB)

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