MINDBODY, Inc. (MB) Shares Sold by Alliancebernstein L.P.
Alliancebernstein L.P. lowered its position in MINDBODY, Inc. (NASDAQ:MB) by 30.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,700 shares of the technology company’s stock after selling 5,900 shares during the period. Alliancebernstein L.P.’s holdings in MINDBODY were worth $376,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. State Street Corp boosted its stake in shares of MINDBODY by 1.8% in the fourth quarter. State Street Corp now owns 218,299 shares of the technology company’s stock valued at $4,651,000 after buying an additional 3,770 shares during the period. Norges Bank bought a new stake in shares of MINDBODY during the fourth quarter valued at about $669,000. Teachers Advisors LLC boosted its stake in shares of MINDBODY by 4.8% in the fourth quarter. Teachers Advisors LLC now owns 24,524 shares of the technology company’s stock valued at $522,000 after buying an additional 1,132 shares during the period. Macquarie Group Ltd. bought a new stake in shares of MINDBODY during the fourth quarter valued at about $2,026,000. Finally, Boston Advisors LLC bought a new stake in shares of MINDBODY during the first quarter valued at about $778,000. Institutional investors own 71.49% of the company’s stock.
MINDBODY, Inc. (NASDAQ MB) traded up 1.94% during midday trading on Friday, reaching $23.60. The company’s stock had a trading volume of 342,328 shares. The stock has a 50-day moving average price of $25.75 and a 200 day moving average price of $26.56. The company’s market cap is $1.09 billion. MINDBODY, Inc. has a 12 month low of $16.71 and a 12 month high of $29.75.
MINDBODY (NASDAQ:MB) last released its quarterly earnings data on Wednesday, July 26th. The technology company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. MINDBODY had a negative net margin of 11.34% and a negative return on equity of 12.49%. The business had revenue of $44.10 million during the quarter, compared to analyst estimates of $44.11 million. During the same period in the previous year, the business earned ($0.10) EPS. MINDBODY’s revenue was up 31.3% compared to the same quarter last year. Analysts expect that MINDBODY, Inc. will post ($0.09) earnings per share for the current fiscal year.
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Several brokerages recently issued reports on MB. UBS AG reiterated a “buy” rating and issued a $32.00 price target (up from $30.00) on shares of MINDBODY in a research note on Wednesday, June 14th. BidaskClub cut MINDBODY from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research cut MINDBODY from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. KeyCorp reiterated a “hold” rating on shares of MINDBODY in a research note on Thursday, July 27th. Finally, J P Morgan Chase & Co began coverage on MINDBODY in a research note on Friday, June 9th. They issued an “overweight” rating and a $38.00 price target for the company. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $29.55.
In related news, insider Bradford Lee Wills sold 1,043 shares of MINDBODY stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $28.08, for a total value of $29,287.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Luxor Capital Group, Lp acquired 257,500 shares of MINDBODY stock in a transaction that occurred on Thursday, May 25th. The stock was acquired at an average price of $27.95 per share, with a total value of $7,197,125.00. The disclosure for this purchase can be found here. Insiders sold a total of 69,980 shares of company stock valued at $1,855,997 over the last quarter. 8.22% of the stock is owned by company insiders.
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.
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