Pretty Bad Rating Given to MINDBODY (NASDAQ:MB) By a Craig-Hallum

May 10, 2018 - By Adrian Erickson

MINDBODY, Inc. (NASDAQ:MB) Logo

MINDBODY (NASDAQ:MB) Receives a Downgrade

In analysts note issued to clients and investors on Wednesday morning, Craig-Hallum decreased their rating for shares of MINDBODY (NASDAQ:MB) to a “Hold”.

MINDBODY, Inc. (NASDAQ:MB) Ratings Coverage

Among 9 analysts covering MINDBODY (NASDAQ:MB), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. MINDBODY has $47 highest and $36 lowest target. $41.17’s average target is 14.20% above currents $36.05 stock price. MINDBODY had 16 analyst reports since January 8, 2018 according to SRatingsIntel. The rating was maintained by Credit Suisse on Thursday, February 22 with “Outperform”. Morgan Stanley maintained it with “Equal-Weight” rating and $39 target in Thursday, February 22 report. Roth Capital maintained MINDBODY, Inc. (NASDAQ:MB) rating on Wednesday, February 14. Roth Capital has “Buy” rating and $36.5 target. Morgan Stanley maintained it with “Equal-Weight” rating and $37 target in Tuesday, January 30 report. Craig Hallum maintained MINDBODY, Inc. (NASDAQ:MB) rating on Tuesday, March 13. Craig Hallum has “Buy” rating and $45.0 target. Jefferies maintained MINDBODY, Inc. (NASDAQ:MB) rating on Monday, April 16. Jefferies has “Buy” rating and $4500 target. The rating was downgraded by Craig Hallum to “Hold” on Wednesday, May 9. The rating was maintained by Northland Capital with “Buy” on Monday, January 8. The firm earned “Buy” rating on Monday, January 8 by Jefferies. The stock has “Outperform” rating by Imperial Capital on Friday, February 23.

The stock decreased 17.60% or $7.7 during the last trading session, reaching $36.05. About 3.54 million shares traded or 683.39% up from the average. MINDBODY, Inc. (NASDAQ:MB) has risen 43.69% since May 10, 2017 and is uptrending. It has outperformed by 32.14% the S&P500.

MINDBODY, Inc. operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. The company has market cap of $1.71 billion. The Company’s platform enables businesses to run, market, and build client scheduling and online booking, staff management, client relationship management, integrated payment processing, retail point-of-sale, analytics and reporting, simple and intuitive user experience, mobility, branded Web, social integration, cloud architecture, open platform for third-party application development, security and compliance, and integration with other cloud partners for yoga, Pilates, barre, indoor cycling, personal training, martial arts, and dance exercise, spas, salons, music instruction studios, dance studios, childrenÂ’s activity centers, and integrative health centers. It currently has negative earnings. The firm offers its software platform to its subscribers as a subscription service.

More notable recent MINDBODY, Inc. (NASDAQ:MB) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 9, 2018” on May 09, 2018, also Globenewswire.com with their article: “MINDBODY to Report First Quarter 2018 Financial Results on May 8, 2018” published on April 18, 2018, Benzinga.com published: “22 Stocks Moving In Wednesday’s Pre-Market Session” on May 09, 2018. More interesting news about MINDBODY, Inc. (NASDAQ:MB) were released by: Streetinsider.com and their article: “MINDBODY (MB) Tops Q1 EPS by 2c, Guides Revene Below Views” published on May 08, 2018 as well as Benzinga.com‘s news article titled: “48 Stocks Moving In Wednesday’s Mid-Day Session” with publication date: May 09, 2018.

MINDBODY, Inc. (NASDAQ:MB) Ratings Chart

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