Mindbody Inc. (NASDAQ:MB) insider Kimberly Gail Lytikainen sold 1,004 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $38.73, for a total value of $38,884.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Kimberly Gail Lytikainen also recently made the following trade(s):
- On Monday, May 7th, Kimberly Gail Lytikainen sold 3,500 shares of Mindbody stock. The stock was sold at an average price of $44.66, for a total value of $156,310.00.
- On Wednesday, March 7th, Kimberly Gail Lytikainen sold 25,091 shares of Mindbody stock. The stock was sold at an average price of $37.84, for a total value of $949,443.44.
Shares of NASDAQ:MB traded down $0.90 during trading on Thursday, hitting $37.85. 29,738 shares of the company’s stock were exchanged, compared to its average volume of 701,946. The company has a current ratio of 8.10, a quick ratio of 8.10 and a debt-to-equity ratio of 0.06. Mindbody Inc. has a 52-week low of $21.57 and a 52-week high of $45.50. The stock has a market capitalization of $1.82 billion, a P/E ratio of -129.17 and a beta of -0.09.
Mindbody (NASDAQ:MB) last announced its quarterly earnings results on Tuesday, May 8th. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Mindbody had a negative return on equity of 4.62% and a negative net margin of 6.47%. The company had revenue of $53.82 million during the quarter, compared to analyst estimates of $53.84 million. During the same period in the prior year, the company earned ($0.03) earnings per share. The firm’s revenue was up 27.5% on a year-over-year basis. research analysts predict that Mindbody Inc. will post -0.57 earnings per share for the current fiscal year.
A number of analysts have commented on MB shares. BidaskClub upgraded Mindbody from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. Morgan Stanley upped their price target on Mindbody from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. KeyCorp restated a “buy” rating and issued a $41.00 price target on shares of Mindbody in a research report on Wednesday, February 21st. Craig Hallum restated a “buy” rating and issued a $40.00 price target (up previously from $32.00) on shares of Mindbody in a research report on Thursday, February 22nd. Finally, Credit Suisse Group restated an “outperform” rating and issued a $36.00 price target (up previously from $33.00) on shares of Mindbody in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $36.86.
Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Mindbody during the first quarter valued at approximately $122,000. Sei Investments Co. bought a new stake in shares of Mindbody in the 1st quarter valued at approximately $143,000. Granite Springs Asset Management LLC bought a new stake in shares of Mindbody in the 1st quarter valued at approximately $210,000. Xact Kapitalforvaltning AB bought a new stake in shares of Mindbody in the 1st quarter valued at approximately $223,000. Finally, Amalgamated Bank bought a new stake in shares of Mindbody in the 1st quarter valued at approximately $223,000. 90.56% of the stock is owned by institutional investors.
Mindbody Company Profile
MINDBODY, Inc operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses to run, market, and build scheduling and online booking, performance tracking, staff management, client relationship management, integrated payment processing, retail point-of-sale, purchase tracking, inventory, hardware integration, analytics and reporting, branded Web, mobility, social integration, client acquisition dashboard, security and compliance, and integration with other cloud-based partners for yoga, Pilates, indoor cycling, group and personal training, boutique fitness, salons, spas, and integrative health businesses.
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