Roth Capital Initiates Coverage on MINDBODY Inc to Buy

Roth Capital Initiates Coverage on MINDBODY Inc(NASDAQ:MB). The shares have been rated Buy. The rating by Roth Capital was issued on Sep 23, 2016.

In a different note, On Sep 13, 2016, KeyBanc said it Maintains its rating on MINDBODY Inc. In the research note, the firm Raises the price-target to $20.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 28, 2016, UBS said it Maintains its rating on MINDBODY Inc. In the research note, the firm Raises the price-target to $18.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 28, 2016, JMP Securities said it Maintains its rating on MINDBODY Inc. In the research note, the firm Raises the price-target to $19.00 per share. The shares have been rated ‘Market Outperform’ by the firm. On Jul 28, 2016, Pacific Crest said it Maintains its rating on MINDBODY Inc. In the research note, the firm Raises the price-target to $19.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 28, 2016, Morgan Stanley said it Maintains its rating on MINDBODY Inc. In the research note, the firm Raises the price-target to $17.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

MINDBODY Inc (MB) made into the market gainers list on Tuesdays trading session with the shares advancing 0.75% or 0.14 points. Due to strong positive momentum, the stock ended at $18.71, which is also near the day’s high of $18.97. The stock began the session at $18.65 and the volume stood at 6,81,604 shares. The 52-week high of the shares is $19.32 and the 52 week low is $9.2. The company has a current market capitalization of $743 M and it has 3,97,25,439 shares in outstanding.

MINDBODY Inc(MB) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $33.56M. Analysts had an estimated revenue of $33.22M. Earnings per share were $-0.10. Analysts had estimated an EPS of $-0.14.

Several Insider Transactions has been reported to the SEC. On Sep 2, 2016, Richard Lee Stollmeyer (President & CEO) sold 21,760 shares at $17.35 per share price.Also, On Aug 30, 2016, Jeremy S. Levine (director) sold 0 shares at $0.00 per share price.On Aug 10, 2016, Kimberly Gail Lytikainen (General Counsel & Secretary) sold 20,000 shares at $19.00 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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