In a report issued on October 12, Patrick Walravens from JMP Securities maintained a Buy rating on MINDBODY (NASDAQ: MB), with a price target of $47. The company’s shares closed yesterday at $33.27.
According to TipRanks.com, Walravens is a 5-star analyst with an average return of 17.7% and a 68.4% success rate. Walravens covers the Technology sector, focusing on stocks such as Ultimate Software, Salesforce.com, and Veeva Systems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MINDBODY with a $44.67 average price target.
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The company has a one-year high of $45.50 and a one-year low of $27.70. Currently, MINDBODY has an average volume of 728.3K.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MB in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
MINDBODY, Inc. enganges in cloud based business management software and payments platform. It provides the following solutions: client scheduling and online booking, staff management, client relationship management, integrated software and payments, retail point-of-sale, analytics and reporting, simple and intuitive user experience, mobility, social integration, dynamic cloud-based architecture, open platform for third party application development, security and compliance, and integration with other cloud-based partners. The company was founded by Robert Murphy and Richard L. Stollmeyer in 1998 and is headquartered in San Luis Obispo, CA.
