MINDBODY (MB) Earning Somewhat Positive News Coverage, Study Finds

News headlines about MINDBODY (NASDAQ:MB) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. MINDBODY earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.7110855597952 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of MINDBODY (NASDAQ MB) opened at $32.10 on Friday. 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. The stock has a market cap of $1,500.00 and a price-to-earnings ratio of -86.76.

MINDBODY (NASDAQ:MB) last announced its earnings results on Thursday, October 26th. The technology company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. MINDBODY had a negative net margin of 9.26% and a negative return on equity of 8.39%. The business had revenue of $46.60 million during the quarter, compared to analysts’ expectations of $45.59 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The firm’s revenue was up 32.0% on a year-over-year basis. research analysts expect that MINDBODY will post -0.31 EPS for the current fiscal year.

Several brokerages have commented on MB. KeyCorp reaffirmed a “buy” rating and issued a $32.00 target price on shares of MINDBODY in a research note on Sunday, October 22nd. BidaskClub raised shares of MINDBODY from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research raised shares of MINDBODY from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Wednesday, September 27th. DA Davidson began coverage on shares of MINDBODY in a research report on Wednesday, November 15th. They set a “buy” rating and a $42.00 price objective for the company. Finally, Craig Hallum reissued a “buy” rating and set a $30.00 price objective on shares of MINDBODY in a research report on Monday, September 25th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. MINDBODY currently has an average rating of “Buy” and a consensus price target of $32.54.

In related news, insider Kimberly Gail Lytikainen sold 30,500 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $27.99, for a total transaction of $853,695.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Luxor Capital Group, Lp bought 83,022 shares of MINDBODY stock in a transaction that occurred on Monday, October 16th. The shares were acquired at an average price of $27.95 per share, with a total value of $2,320,464.90. The disclosure for this purchase can be found here. Insiders have sold 205,587 shares of company stock valued at $6,171,551 in the last 90 days. 8.22% of the stock is currently owned by corporate insiders.

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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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