MINDBODY (MB) Given News Impact Score of 0.24
Media stories about MINDBODY (NASDAQ:MB) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. MINDBODY earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 44.5992894911054 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Hair-Raising Facts to Know – MINDBODY Inc (NASDAQ:MB) – Alpha Beta Stock (press release) (alphabetastock.com)
- MB Makes Bullish Cross Above Critical Moving Average – Nasdaq (nasdaq.com)
- First Week of MB November 17th Options Trading – Nasdaq (nasdaq.com)
- MINDBODY, Inc. (MB) Lifted to Overweight at KeyCorp (americanbankingnews.com)
- Top Analyst Upgrades and Downgrades: Alcoa, American Airlines, Equifax, Mindbody, Tiffany, Tyler Technologies and More (247wallst.com)
MINDBODY (NASDAQ:MB) traded up 8.25% during midday trading on Friday, reaching $26.90. The company’s stock had a trading volume of 678,053 shares. MINDBODY has a 12 month low of $16.95 and a 12 month high of $27.75. The stock has a 50-day moving average price of $24.54 and a 200 day moving average price of $24.54. The company’s market cap is $1.25 billion.
MINDBODY (NASDAQ:MB) last released its quarterly earnings results on Wednesday, July 26th. The technology company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The firm had revenue of $44.10 million during the quarter, compared to analyst estimates of $44.11 million. MINDBODY had a negative net margin of 11.34% and a negative return on equity of 12.49%. The business’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.10) EPS. Analysts expect that MINDBODY will post ($0.09) earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the company. UBS AG reiterated a “buy” rating and issued a $32.00 price target (up from $30.00) on shares of MINDBODY in a research note on Wednesday, June 14th. BidaskClub cut MINDBODY from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. KeyCorp reiterated a “hold” rating on shares of MINDBODY in a research note on Friday, August 25th. J P Morgan Chase & Co assumed coverage on MINDBODY in a research note on Friday, June 9th. They issued an “overweight” rating and a $38.00 price target for the company. Finally, Roth Capital set a $32.00 price target on MINDBODY and gave the company a “buy” rating in a research note on Tuesday, June 6th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $30.82.
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In related news, major shareholder Luxor Capital Group, Lp acquired 420,048 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was bought at an average cost of $24.93 per share, with a total value of $10,471,796.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $26.16, for a total transaction of $464,052.24. The disclosure for this sale can be found here. Insiders have sold a total of 74,260 shares of company stock valued at $1,858,412 over the last ninety days. 8.22% of the stock is currently owned by insiders.
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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