Imperial Capital Initiates Coverage on MINDBODY Inc to Outperform

Imperial Capital Initiates Coverage on MINDBODY Inc(NASDAQ:MB). The shares have been rated Outperform. The rating by Imperial Capital was issued on Jun 7, 2016.

MINDBODY Inc (MB) shares turned negative on Fridays trading session with the shares closing down -0.43 points or -3.09% at a volume of 86,996. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.91. The peak price level was also seen at $13.91 while the days lowest was $13.49. Finally the shares closed at $13.5. The 52-week high of the shares is $18.39 while the 52-week low is $9.14. According to the latest information available, the market cap of the company is $536 M.

MINDBODY Inc(MB) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $32.01M. Analysts had an estimated revenue of $30.28M. Earnings per share were $-0.12. Analysts had estimated an EPS of $-0.17.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Robert John Murphy (Chief Operating Officer) sold 34,600 shares at $13.40 per share price.Also, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

MINDBODY Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on MINDBODY Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.