Jefferies Reiterates Their Hold Rating on MINDBODY

By Carrie Williams

In a report issued on August 24, Brent Thill from Jefferies reiterated a Hold rating on MINDBODY (NASDAQ: MB), with a price target of $26. The company’s shares closed on Friday at $22.10.

Thill observed:

“MB boasts an attractive profile: 1) low penetration of a large market for wellness business services, 2) rapid growth, 3) emerging profitability, and 4) valuation discount to peers.”

Thill has an average return of 67.6% when recommending MINDBODY.

According to, Thill is ranked #39 out of 4619 analysts.

Currently, the analyst consensus on MINDBODY is Moderate Buy and the average price target is $32.38, representing a 46.5% upside.

In a report issued on August 21, KeyBanc also reiterated a Hold rating on the stock.

Based on MINDBODY’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $44.11 million and GAAP net loss of $4.38 million. In comparison, last year the company earned revenue of $33.56 million and had a GAAP net loss of $6.55 million.

Based on the recent corporate insider activity of 72 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.

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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.