MINDBODY Inc (MB) is Reiterated by Imperial Capital to Outperform, Raises Price Target to $ 22

MINDBODY Inc (MB) was Reiterated by Imperial Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 22 from a previous price target of $18 . Imperial Capital advised their investors in a research report released on Jul 29, 2016.

Many Wall Street Analysts have commented on MINDBODY Inc. Imperial Capital Initiated MINDBODY Inc on Jun 7, 2016 to “Outperform”, Price Target of the shares are set at $18.

On the company’s financial health, MINDBODY Inc reported $-0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.14. The company had revenue of $33.60 million for the quarter, compared to analysts expectations of $33.22 million. The company’s revenue was up 35.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.21 EPS.

MINDBODY Inc closed down -0.13 points or -0.75% at $17.13 with 7,89,665 shares getting traded on Thursday. Post opening the session at $17.8, the shares hit an intraday low of $16.43 and an intraday high of $17.8 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jul 6, 2016, Robert John Murphy (Chief Operating Officer) sold 34,600 shares at $15.99 per share price. According to the SEC, on Jul 6, 2016, Chet Ian Brandenburg (Chief Product Officer) sold 4,500 shares at $15.91 per share price. On Jul 6, 2016, Richard Lee Stollmeyer (President & CEO) sold 21,760 shares at $15.93 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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