MINDBODY (MB) Downgraded by BidaskClub
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.
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.
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