MINDBODY (MB) Getting Somewhat Positive News Coverage, Study Finds
News articles about MINDBODY (NASDAQ:MB) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. MINDBODY earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 45.4178047780852 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- KeyBanc Believes MINDBODY (NASDAQ: MB) Won’t Stop Here $MB https://t.co/Mod3LK1j52 (4-traders.com)
- KeyCorp Reaffirms “Buy” Rating for MINDBODY, Inc. (MB) (americanbankingnews.com)
- Chegg Buys Math App Startup Cogeon to Drive Student Outcome – Yahoo Finance UK (finance.yahoo.com)
- Mindbody Inc Stock Rising Large Players Volume and Insider Buy (guerillastocktrading.com)
- MINDBODY, Inc. (MB) Set to Announce Earnings on Tuesday (americanbankingnews.com)
MB has been the topic of several recent analyst reports. Zacks Investment Research lowered MINDBODY from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Roth Capital restated a “buy” rating and issued a $31.50 target price on shares of MINDBODY in a research note on Thursday, September 28th. BidaskClub downgraded MINDBODY from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. KeyCorp upgraded MINDBODY from a “sector weight” rating to an “overweight” rating and boosted their target price for the company from $16.95 to $32.00 in a research note on Friday, September 22nd. Finally, Craig Hallum restated a “buy” rating and issued a $30.00 target price on shares of MINDBODY in a research note on Monday, September 25th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. MINDBODY currently has an average rating of “Buy” and an average target price of $30.95.
Shares of MINDBODY (NASDAQ:MB) traded up 0.35% on Monday, reaching $28.70. The company’s stock had a trading volume of 428,879 shares. The company’s market cap is $1.33 billion. MINDBODY has a 52-week low of $17.40 and a 52-week high of $29.75. The company has a 50 day moving average price of $26.62 and a 200 day moving average price of $26.62.
MINDBODY (NASDAQ:MB) last released its quarterly earnings results on Wednesday, July 26th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 last year, the business posted ($0.10) EPS. The company’s revenue for the quarter was up 31.3% on a year-over-year basis. On average, analysts anticipate that MINDBODY will post ($0.09) earnings per share for the current fiscal year.
In related news, CEO Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $25.13, for a total value of $445,781.07. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Luxor Capital Group, Lp bought 83,022 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was bought at an average cost of $27.95 per share, for a total transaction of $2,320,464.90. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 955,594 shares of company stock worth $25,273,140 and sold 113,717 shares worth $2,955,161. 8.22% of the stock is currently owned by insiders.
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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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