Stock Mover of The Day: Today MINDBODY Inc Stock Reaches 52-Week High

Stock Mover of The Day: Today MINDBODY Inc Stock Reaches 52 Week High

The stock of MINDBODY Inc (NASDAQ:MB) hit a new 52-week high and has $30.56 target or 49.00% above today’s $20.51 share price. The 6 months bullish chart indicates low risk for the $819.73 million company. The 1-year high was reported on Oct, 5 by If the $30.56 price target is reached, the company will be worth $401.67 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 209,519 shares traded hands. MINDBODY Inc (NASDAQ:MB) has risen 68.71% since March 2, 2016 and is uptrending. It has outperformed by 60.45% the S&P500.

Analysts await MINDBODY Inc (NASDAQ:MB) to report earnings on November, 2. They expect $-0.18 earnings per share, up 28.00% or $0.07 from last year’s $-0.25 per share. After $-0.16 actual earnings per share reported by MINDBODY Inc for the previous quarter, Wall Street now forecasts 12.50% negative EPS growth.

MINDBODY Inc (NASDAQ:MB) Ratings Coverage

Out of 6 analysts covering Mindbody Inc (NASDAQ:MB), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Mindbody Inc has been the topic of 7 analyst reports since September 28, 2015 according to StockzIntelligence Inc. KeyBanc Capital Markets maintained MINDBODY Inc (NASDAQ:MB) on Tuesday, September 13 with “Overweight” rating. The rating was maintained by Imperial Capital on Friday, July 29 with “Outperform”. The firm has “Buy” rating given on Friday, September 23 by Roth Capital. The firm has “Outperform” rating given on Tuesday, June 7 by Imperial Capital. Morgan Stanley downgraded MINDBODY Inc (NASDAQ:MB) rating on Monday, September 28. Morgan Stanley has “Equal-Weight” rating and $17 price target.

According to Zacks Investment Research, “MINDBODY, Inc. develops cloud-based business management software and payments platform for the wellness services industry. Its platform enables businesses to manage class and appointment schedules, staff members, client information, online bookings, inventory, payroll and retail sales for yoga, Pilates, barre, indoor cycling, personal training, martial arts and dance exercise, as well as spas, salons, music instruction studios, dance studios, childrens activity center and integrative health centers. MINDBODY, Inc. is headquartered in San Luis Obispo, California.”

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