Swiss National Bank increased its position in MINDBODY Inc (NASDAQ:MB) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,400 shares of the technology company’s stock after acquiring an additional 2,500 shares during the period. Swiss National Bank owned about 0.11% of MINDBODY worth $1,535,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB purchased a new position in MINDBODY during the third quarter valued at $269,000. ClariVest Asset Management LLC purchased a new position in MINDBODY during the third quarter valued at $269,000. Arthur M. Cohen & Associates LLC purchased a new position in MINDBODY during the fourth quarter valued at $274,000. Teacher Retirement System of Texas purchased a new position in MINDBODY during the fourth quarter valued at $308,000. Finally, California Public Employees Retirement System purchased a new position in MINDBODY during the second quarter valued at $364,000. 89.44% of the stock is owned by institutional investors.
In other news, major shareholder Luxor Capital Group, Lp bought 43,000 shares of MINDBODY stock in a transaction dated Monday, February 12th. The shares were purchased at an average cost of $31.36 per share, with a total value of $1,348,480.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Lee Stollmeyer sold 17,741 shares of MINDBODY stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $30.30, for a total value of $537,552.30. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 234,777 shares of company stock worth $8,298,316 and sold 138,028 shares worth $4,883,605. 8.22% of the stock is owned by insiders.
MINDBODY (NASDAQ:MB) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.02. MINDBODY had a negative return on equity of 6.29% and a negative net margin of 8.10%. The business had revenue of $49.70 million for the quarter, compared to the consensus estimate of $48.96 million. During the same period in the previous year, the business earned ($0.04) earnings per share. The business’s revenue was up 30.1% on a year-over-year basis. equities research analysts predict that MINDBODY Inc will post -0.12 EPS for the current year.
Several equities analysts recently weighed in on MB shares. BidaskClub downgraded MINDBODY from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Credit Suisse Group reiterated an “outperform” rating and set a $36.00 target price (up from $33.00) on shares of MINDBODY in a research report on Thursday, February 22nd. Craig Hallum reiterated a “buy” rating and set a $40.00 target price (up from $32.00) on shares of MINDBODY in a research report on Thursday, February 22nd. Morgan Stanley lifted their target price on 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 started coverage on MINDBODY in a research report on Wednesday, November 15th. They set a “buy” rating and a $42.00 target price on the stock. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $36.38.
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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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