Nationwide Fund Advisors increased its position in shares of MINDBODY, Inc. (NASDAQ:MB) by 151.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,855 shares of the technology company’s stock after purchasing an additional 12,547 shares during the period. Nationwide Fund Advisors’ holdings in MINDBODY were worth $567,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its position in MINDBODY by 0.3% during the second quarter. Parallel Advisors LLC now owns 14,920 shares of the technology company’s stock worth $387,000 after purchasing an additional 45 shares during the last quarter. Legal & General Group Plc increased its position in MINDBODY by 4.1% during the first quarter. Legal & General Group Plc now owns 4,218 shares of the technology company’s stock worth $116,000 after purchasing an additional 166 shares during the last quarter. American International Group Inc. increased its position in MINDBODY by 7.1% during the first quarter. American International Group Inc. now owns 8,871 shares of the technology company’s stock worth $244,000 after purchasing an additional 588 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in MINDBODY by 49.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 5,046 shares of the technology company’s stock worth $137,000 after purchasing an additional 1,678 shares during the last quarter. Finally, Bank of America Corp DE increased its position in MINDBODY by 5.2% during the first quarter. Bank of America Corp DE now owns 35,657 shares of the technology company’s stock worth $979,000 after purchasing an additional 1,762 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

MINDBODY (NASDAQ:MB) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. MINDBODY had a negative net margin of 9.26% and a negative return on equity of 9.70%. The company had revenue of $46.60 million during the quarter, compared to the consensus estimate of $45.59 million. During the same quarter in the prior year, the company posted ($0.09) EPS. The company’s quarterly revenue was up 32.0% compared to the same quarter last year.

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Several brokerages have weighed in on MB. Zacks Investment Research lowered shares of MINDBODY from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Roth Capital reaffirmed a “buy” rating and set a $31.50 target price on shares of MINDBODY in a research note on Thursday, September 28th. BidaskClub raised shares of MINDBODY from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. KeyCorp reaffirmed a “hold” rating on shares of MINDBODY in a research note on Friday, August 25th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $30.00 target price on shares of MINDBODY in a research note on Monday, September 25th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. MINDBODY has an average rating of “Buy” and a consensus target price of $30.95.

In other MINDBODY news, major shareholder Luxor Capital Group, Lp bought 420,048 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was purchased at an average price of $24.93 per share, with a total value of $10,471,796.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Richard Lee Stollmeyer sold 17,739 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $31.16, for a total transaction of $552,747.24. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 955,594 shares of company stock valued at $25,273,140 and have sold 168,717 shares valued at $4,684,727. Corporate insiders own 8.22% of the company’s stock.

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.

Institutional Ownership by Quarter for MINDBODY (NASDAQ:MB)

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