MINDBODY Inc (MB) is Initiated by Imperial Capital to Outperform, Price Target at $18

MINDBODY Inc (MB) was Initiated by Imperial Capital to “Outperform” and the brokerage firm has set the Price Target at $18. Imperial Capital advised their investors in a research report released on Jun 7, 2016.

On the company’s financial health, MINDBODY Inc reported $-0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 3, 2016. Analyst had a consensus of $-0.17. The company had revenue of $32.00 million for the quarter, compared to analysts expectations of $30.28 million. The company’s revenue was up 43.5% compared to the same quarter last year.

MINDBODY Inc opened for trading at $13.73 and hit $13.94 on the upside on Friday, eventually ending the session at $13.92, with a gain of 0.94% or 0.13 points. The heightened volatility saw the trading volume jump to 69,840 shares. Company has a market cap of $553 M.

In a different news, on Jun 3, 2016, Robert John Murphy (Chief Operating Officer) sold 34,600 shares at $13.40 per share price. According to the SEC, on Jun 3, 2016, Chet Ian Brandenburg (Chief Product Officer) sold 3,000 shares at $13.42 per share price. On Jun 3, 2016, Richard Lee Stollmeyer (President & CEO) sold 10,880 shares at $13.42 per share price, according to the Form-4 filing with the securities and exchange commission.

MINDBODY Inc. is a company that operates an online wellness services marketplace with over 42000 local business subscribers. Through its integrated cloud-based business management software and payments platform the Company enables businesses to manage class and appointment schedules staff members client information online bookings inventory payroll and retail sales. The Company also offers marketing and client retention capabilities to help businesses acquire and retain their clients and analytics capabilities to help them improve their businesses and plan for the future. It connects consumers with local businesses through its MINDBODY Connect platform which powers a mobile interface that allows consumers to discover evaluate book and pay for wellness services whether they are near their homes or traveling. Its Connect Workplace offering extends its platform to corporate employers. Its applications and add-ons include MINDBODY Express and Engage by MINDBODY Connect.


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