BidaskClub lowered shares of MINDBODY (NASDAQ:MB) from a buy rating to a hold rating in a research note issued to investors on Friday.

A number of other research firms have also recently commented on MB. UBS Group restated a buy rating and issued a $40.00 target price (up previously from $34.00) on shares of MINDBODY in a research note on Thursday, November 9th. Zacks Investment Research cut MINDBODY from a buy rating to a hold rating in a research note on Wednesday, November 1st. Morgan Stanley lifted their price objective on MINDBODY from $34.00 to $37.00 and gave the company an equal weight rating in a research note on Tuesday, January 30th. DA Davidson initiated coverage on MINDBODY in a research note on Wednesday, November 15th. They set a buy rating and a $42.00 price objective for the company. Finally, KeyCorp reiterated a buy rating and set a $41.00 price objective (up previously from $34.00) on shares of MINDBODY in a research note on Monday, January 22nd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $34.32.

MINDBODY (NASDAQ MB) opened at $30.90 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 one year low of $21.57 and a one year high of $36.25.

In other news, CEO Richard Lee Stollmeyer sold 17,739 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $31.95, for a total value of $566,761.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kimberly Gail Lytikainen sold 36,868 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $30.11, for a total value of $1,110,095.48. The disclosure for this sale can be found here. Insiders have sold 92,348 shares of company stock valued at $2,883,809 in the last quarter. 8.22% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of MB. UBS Asset Management Americas Inc. bought a new stake in shares of MINDBODY in the fourth quarter worth $271,000. Arthur M. Cohen & Associates LLC bought a new stake in shares of MINDBODY in the fourth quarter worth $274,000. Teacher Retirement System of Texas bought a new stake in shares of MINDBODY in the fourth quarter worth $308,000. ClariVest Asset Management LLC bought a new stake in shares of MINDBODY in the third quarter worth $269,000. Finally, Nordea Investment Management AB bought a new stake in shares of MINDBODY in the third quarter worth $269,000. Hedge funds and other institutional investors own 91.01% of the company’s stock.

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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.

Analyst Recommendations for MINDBODY (NASDAQ:MB)

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