The stock of MINDBODY Inc (NASDAQ:MB) is a huge mover today! About 607,135 shares traded hands or 66.42% up from the average. MINDBODY Inc (NASDAQ:MB) has risen 68.71% since March 2, 2016 and is uptrending. It has outperformed by 60.45% the S&P500.
The move comes after 8 months positive chart setup for the $812.93 million company. It was reported on Oct, 5 by Barchart.com. We have $27.87 PT which if reached, will make NASDAQ:MB worth $300.78 million more.
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. Morgan Stanley downgraded it to “Equal-Weight” rating and $17 target price in Monday, September 28 report. As per Friday, September 23, the company rating was initiated by Roth Capital. As per Tuesday, September 13, the company rating was maintained by KeyBanc Capital Markets. As per Tuesday, June 7, the company rating was initiated by Imperial Capital. The rating was maintained by Imperial Capital with “Outperform” on Friday, July 29.
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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