Stock Worth Watching: MINDBODY Inc on Focus After Trading At 52-Week Highs

Stock Worth Watching: MINDBODY Inc on Focus After Trading At 52 Week Highs

The stock of MINDBODY Inc (NASDAQ:MB) hit a new 52-week high and has $23.97 target or 7.00% above today’s $22.40 share price. The 9 months bullish chart indicates low risk for the $917.30M company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $23.97 price target is reached, the company will be worth $64.21 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 75,559 shares traded hands. MINDBODY Inc (NASDAQ:MB) has risen 61.06% since April 20, 2016 and is uptrending. It has outperformed by 56.50% the S&P500.

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 8 analyst reports since September 28, 2015 according to StockzIntelligence Inc. The company was initiated on Friday, September 23 by Roth Capital. Imperial Capital initiated the shares of MB in a report on Tuesday, June 7 with “Outperform” rating. As per Monday, October 31, the company rating was maintained by Imperial Capital. The rating was maintained by Imperial Capital with “Outperform” on Friday, July 29. KeyBanc Capital Markets maintained it with “Overweight” rating and $22 target price in Tuesday, September 13 report. The firm earned “Equal-Weight” rating on Monday, September 28 by Morgan Stanley.

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.”

More news for MINDBODY Inc (NASDAQ:MB) were recently published by: Fool.com, which released: “Why Mindbody Inc. Stock Surged Today” on October 27, 2016. Equitiesfocus.com‘s article titled: “MINDBODY Inc (NASDAQ:MB) Quarterly EPS From Continuing Operations Stands At …” and published on November 22, 2016 is yet another important article.

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