Price Don’t Lie: Today MINDBODY Inc Stock Crashes

Price Don't Lie: Today MINDBODY Inc Stock Crashes

The stock of MINDBODY Inc (NASDAQ:MB) is a huge mover today! About 602,033 shares traded hands or 42.30% up from the average. MINDBODY Inc (NASDAQ:MB) has risen 46.71% since March 7, 2016 and is uptrending. It has outperformed by 39.12% the S&P500.
The move comes after 6 months negative chart setup for the $747.01 million company. It was reported on Oct, 10 by We have $17.37 PT which if reached, will make NASDAQ:MB worth $59.76 million less.

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. The firm has “Buy” rating by Roth Capital given on Friday, September 23. The stock has “Outperform” rating given by Imperial Capital on Tuesday, June 7. KeyBanc Capital Markets maintained it with “Overweight” rating and $22 target price in Tuesday, September 13 report. Imperial Capital maintained the shares of MB in a report on Friday, July 29 with “Outperform” rating. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Monday, September 28 report.

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.”

Another recent and important MINDBODY Inc (NASDAQ:MB) news was published by which published an article titled: “Mindbody CEO: We’ll Be Profitable in 2017” on January 08, 2016.

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