MINDBODY (MB) Scheduled to Post Quarterly Earnings on Wednesday

MINDBODY (NASDAQ:MB) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.01 per share for the quarter.

Shares of MINDBODY (NASDAQ MB) opened at $31.70 on Wednesday. The firm has a market cap of $1,480.00 and a P/E ratio of -85.68. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.06. MINDBODY has a 12-month low of $21.57 and a 12-month high of $36.25.

In other MINDBODY news, CEO Richard Lee Stollmeyer sold 17,739 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $31.95, for a total transaction of $566,761.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kunal Mittal sold 10,000 shares of the company’s 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. In the last 90 days, insiders have sold 92,348 shares of company stock valued at $2,883,809. 8.22% of the stock is owned by insiders.

Several research firms recently commented on MB. UBS Group reiterated a “buy” rating and issued a $40.00 price target (up previously from $34.00) on shares of MINDBODY in a research report on Thursday, November 9th. BidaskClub downgraded shares of MINDBODY from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Zacks Investment Research downgraded shares of MINDBODY from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Morgan Stanley upped their price target on shares of MINDBODY from $34.00 to $37.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Finally, DA Davidson began coverage on shares of MINDBODY in a research report on Wednesday, November 15th. They issued a “buy” rating and a $42.00 price target for the company. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. MINDBODY presently has a consensus rating of “Buy” and a consensus price target of $34.32.

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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.

Earnings History for MINDBODY (NASDAQ:MB)

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