Nicholas Investment Partners LP boosted its position in MINDBODY, Inc. (NASDAQ:MB) by 22.5% during the fourth quarter, Holdings Channel reports. The fund owned 199,719 shares of the company’s stock after buying an additional 36,682 shares during the period. Nicholas Investment Partners LP owned approximately 0.49% of MINDBODY worth $4,253,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of MB. Metropolitan Life Insurance Co. NY bought a new position in shares of MINDBODY during the second quarter worth about $179,000. Airain ltd bought a new position in shares of MINDBODY during the second quarter worth about $223,000. FNY Partners Fund LP bought a new position in shares of MINDBODY during the fourth quarter worth about $237,000. Emerald Acquisition Ltd. bought a new position in shares of MINDBODY during the second quarter worth about $243,000. Finally, AMG National Trust Bank bought a new position in shares of MINDBODY during the third quarter worth about $264,000. Institutional investors and hedge funds own 81.13% of the company’s stock.
Shares of MINDBODY, Inc. (NASDAQ:MB) traded down 0.101% on Wednesday, reaching $24.675. 91,310 shares of the company traded hands. The company’s market capitalization is $1.00 billion. The firm’s 50 day moving average is $24.40 and its 200 day moving average is $20.42. MINDBODY, Inc. has a one year low of $9.90 and a one year high of $26.60.
MINDBODY (NASDAQ:MB) last issued its quarterly earnings results on Wednesday, February 8th. The company reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.04. MINDBODY had a negative return on equity of 22.49% and a negative net margin of 16.53%. The company had revenue of $38.20 million for the quarter, compared to analysts’ expectations of $38.17 million. During the same quarter last year, the business earned ($0.17) earnings per share. MINDBODY’s revenue was up 35.0% on a year-over-year basis. Analysts expect that MINDBODY, Inc. will post ($0.11) earnings per share for the current fiscal year.
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Several equities research analysts have issued reports on the stock. Roth Capital set a $26.00 price target on shares of MINDBODY and gave the company a “buy” rating in a report on Sunday, December 25th. Craig Hallum assumed coverage on shares of MINDBODY in a report on Monday, December 5th. They issued a “buy” rating and a $28.00 price target on the stock. Zacks Investment Research lowered shares of MINDBODY from a “buy” rating to a “hold” rating in a report on Tuesday, February 7th. Finally, Imperial Capital reissued an “outperform” rating and issued a $25.00 price target on shares of MINDBODY in a report on Saturday, January 7th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. MINDBODY presently has a consensus rating of “Buy” and a consensus price target of $24.63.
In related news, insider Bradford Lee Wills sold 10,220 shares of MINDBODY stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $25.25, for a total value of $258,055.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Kimberly Gail Lytikainen sold 20,750 shares of MINDBODY stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $24.15, for a total value of $501,112.50. The disclosure for this sale can be found here. Insiders have sold 166,733 shares of company stock worth $4,059,452 over the last three months. Insiders own 30.62% of the company’s stock.
MINDBODY, Inc is a provider of cloud-based business management software for the wellness services industry and operates as a consumer marketplace with over 51,000 local business subscribers on its platform in over 130 countries and territories. The Company’s subscribers provide a range of wellness services to approximately 28 million active consumers.
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