MINDBODY (MB) Receives Daily Media Sentiment Rating of 0.17
Headlines about MINDBODY (NASDAQ:MB) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MINDBODY earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.1250049798654 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern’s scoring:
- MINDBODY Inc (MB) Insider Kimberly Gail Lytikainen Sells 25,091 Shares (americanbankingnews.com)
- Insider Buying: MINDBODY Inc (MB) Major Shareholder Buys 44,588 Shares of Stock (americanbankingnews.com)
- MINDBODY Inc (MB) Major Shareholder Luxor Capital Group, Lp Acquires 147,189 Shares (americanbankingnews.com)
- MINDBODY Inc (MB) Shares Bought by Ranger Investment Management L.P. (americanbankingnews.com)
Several equities research analysts have recently weighed in on MB shares. DA Davidson started coverage on shares of MINDBODY in a report on Wednesday, November 15th. They issued a “buy” rating and a $42.00 target price on the stock. BidaskClub lowered shares of MINDBODY from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. Jefferies Group upgraded shares of MINDBODY from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Monday, January 8th. KeyCorp reiterated a “buy” rating and set a $41.00 price target (up previously from $34.00) on shares of MINDBODY in a research report on Monday, January 22nd. Finally, Morgan Stanley upped their price target on shares of MINDBODY from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. MINDBODY presently has a consensus rating of “Buy” and a consensus price target of $36.38.
MINDBODY (NASDAQ:MB) last issued its quarterly earnings results on Wednesday, February 21st. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The business had revenue of $49.70 million for the quarter, compared to the consensus estimate of $48.96 million. MINDBODY had a negative net margin of 8.10% and a negative return on equity of 6.29%. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.04) EPS. analysts forecast that MINDBODY will post -0.12 earnings per share for the current year.
In other MINDBODY news, insider Kimberly Gail Lytikainen sold 25,091 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $37.84, for a total transaction of $949,443.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Luxor Capital Group, Lp bought 147,189 shares of the business’s stock in a transaction on Monday, March 5th. The shares were acquired at an average price of $36.56 per share, for a total transaction of $5,381,229.84. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 234,777 shares of company stock worth $8,298,316 and have sold 138,028 shares worth $4,883,605. Corporate insiders own 8.22% of the company’s stock.
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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