Media coverage about MINDBODY (NASDAQ:MB) has been trending somewhat positive on Sunday, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news 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 0.07 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.4253265900308 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news articles that may have impacted Accern’s analysis:

MB has been the topic of a number of research reports. Zacks Investment Research downgraded MINDBODY from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub downgraded MINDBODY from a “buy” rating to a “hold” rating in a report on Monday, July 31st. KeyCorp restated a “hold” rating on shares of MINDBODY in a report on Thursday, July 27th. UBS AG restated a “buy” rating and issued a $32.00 price objective (up from $30.00) on shares of MINDBODY in a report on Wednesday, June 14th. Finally, J P Morgan Chase & Co initiated coverage on MINDBODY in a report on Friday, June 9th. They issued an “overweight” rating and a $38.00 price objective on the stock. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $29.55.

Shares of MINDBODY (MB) opened at 23.60 on Friday. The firm’s market cap is $1.09 billion. MINDBODY has a 1-year low of $16.71 and a 1-year high of $29.75. The stock has a 50 day moving average price of $25.75 and a 200-day moving average price of $26.56.

MINDBODY (NASDAQ:MB) last announced its quarterly earnings results on Wednesday, July 26th. The technology company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $44.10 million during the quarter, compared to analysts’ expectations of $44.11 million. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. The business’s quarterly revenue was up 31.3% compared to the same quarter last year. On average, equities research analysts expect that MINDBODY will post ($0.09) earnings per share for the current fiscal year.

In other MINDBODY news, insider Bradford Lee Wills sold 1,043 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $28.08, for a total value of $29,287.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Luxor Capital Group, Lp purchased 369,345 shares of MINDBODY stock in a transaction on Tuesday, June 13th. The stock was bought at an average cost of $27.79 per share, with a total value of $10,264,097.55. The disclosure for this purchase can be found here. Insiders sold 69,980 shares of company stock valued at $1,855,997 in the last ninety days. Insiders own 8.22% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for MINDBODY (NASDAQ:MB)

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