MINDBODY Inc (MB) Insider Bradford Lee Wills Sells 8,172 Shares
MINDBODY Inc (NASDAQ:MB) insider Bradford Lee Wills sold 8,172 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $27.80, for a total transaction of $227,181.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Bradford Lee Wills also recently made the following trade(s):
- On Friday, January 27th, Bradford Lee Wills sold 1,043 shares of MINDBODY stock. The stock was sold at an average price of $25.25, for a total transaction of $26,335.75.
- On Monday, January 9th, Bradford Lee Wills sold 10,220 shares of MINDBODY stock. The stock was sold at an average price of $25.25, for a total transaction of $258,055.00.
Shares of MINDBODY Inc (NASDAQ:MB) traded up 0.91% during trading on Monday, reaching $27.85. 204,950 shares of the company’s stock were exchanged. MINDBODY Inc has a 52-week low of $11.91 and a 52-week high of $28.15. The firm’s market capitalization is $1.14 billion. The company has a 50 day moving average of $25.67 and a 200 day moving average of $21.77.
MINDBODY (NASDAQ:MB) last released its earnings results on Wednesday, February 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. MINDBODY had a negative net margin of 16.53% and a negative return on equity of 22.49%. The company earned $38.20 million during the quarter, compared to the consensus estimate of $38.17 million. During the same quarter in the prior year, the firm earned ($0.17) EPS. The company’s revenue was up 35.0% compared to the same quarter last year. Equities analysts anticipate that MINDBODY Inc will post ($0.10) earnings per share for the current fiscal year.
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Large investors have recently added to or reduced their stakes in the company. Exencial Wealth Advisors LLC raised its position in shares of MINDBODY by 18.3% in the fourth quarter. Exencial Wealth Advisors LLC now owns 12,904 shares of the company’s stock valued at $275,000 after buying an additional 2,000 shares during the period. Airain ltd raised its position in shares of MINDBODY by 21.8% in the third quarter. Airain ltd now owns 16,812 shares of the company’s stock valued at $331,000 after buying an additional 3,007 shares during the period. State Street Corp raised its position in shares of MINDBODY by 1.8% in the fourth quarter. State Street Corp now owns 218,299 shares of the company’s stock valued at $4,651,000 after buying an additional 3,770 shares during the period. FNY Partners Fund LP acquired a new position in shares of MINDBODY during the fourth quarter valued at approximately $237,000. Finally, AMG National Trust Bank acquired a new position in shares of MINDBODY during the third quarter valued at approximately $264,000. Institutional investors own 81.13% of the company’s stock.
A number of brokerages recently weighed in on MB. Imperial Capital upped their price target on shares of MINDBODY from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. Zacks Investment Research cut shares of MINDBODY from a “buy” rating to a “hold” rating in a research report on Tuesday, February 7th. Roth Capital set a $28.00 price target on shares of MINDBODY and gave the stock a “buy” rating in a research report on Monday, February 6th. Finally, Craig Hallum began coverage on shares of MINDBODY in a research report on Monday, December 5th. They set a “buy” rating and a $28.00 price target for the company. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. MINDBODY presently has a consensus rating of “Buy” and a consensus price target of $24.63.
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 over 51,000 local business subscribers on its platform in over 130 countries and territories. The Company’s subscribers provide a range of wellness services to approximately 28 million active consumers.
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