MINDBODY Inc (NASDAQ:MB) major shareholder Luxor Capital Group, Lp purchased 43,000 shares of MINDBODY stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of $31.36 per share, with a total value of $1,348,480.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
MINDBODY Inc (NASDAQ MB) traded up $0.90 during trading on Wednesday, hitting $32.60. 277,973 shares of the stock traded hands, compared to its average volume of 367,493. MINDBODY Inc has a twelve month low of $21.57 and a twelve month high of $36.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 9.20 and a current ratio of 9.20. The stock has a market cap of $1,520.00 and a PE ratio of -88.11.
Several analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of MINDBODY from $34.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. BidaskClub raised shares of MINDBODY from a “hold” rating to a “buy” rating in a research note on Wednesday, January 24th. KeyCorp reaffirmed a “buy” rating and set a $41.00 price objective (up previously from $34.00) on shares of MINDBODY in a research note on Monday, January 22nd. Zacks Investment Research cut shares of MINDBODY from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, UBS Group reaffirmed a “buy” rating and set a $40.00 price objective (up previously from $34.00) on shares of MINDBODY in a research note on Thursday, November 9th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $34.32.
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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