Is Buying Stock Like MINDBODY Inc Good Idea After Today’s Bullish Options Activity?

 Is Buying Stock Like MINDBODY Inc Good Idea After Today's Bullish Options Activity?

In today’s session MINDBODY Inc (MB) registered an unusually high (952) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious MB increase. With 952 contracts traded and 1244 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: MB161021C00020000 closed last at: $1.2 or 60% up. About 105,517 shares traded hands. MINDBODY Inc (NASDAQ:MB) has risen 51.44% since March 4, 2016 and is uptrending. It has outperformed by 43.40% the S&P500.

Analysts await MINDBODY Inc (NASDAQ:MB) to report earnings on November, 2. They expect $-0.18 earnings per share, up 28.00% or $0.07 from last year’s $-0.25 per share. After $-0.16 actual earnings per share reported by MINDBODY Inc for the previous quarter, Wall Street now forecasts 12.50% negative EPS growth.

MINDBODY Inc (NASDAQ:MB) Ratings Coverage

Out of 6 analysts covering Mindbody Inc (NASDAQ:MB), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $22.50 is the highest target while $17 is the lowest. The $20.08 average target is 0.55% above today’s ($19.97) stock price. Mindbody Inc has been the topic of 7 analyst reports since September 28, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Friday, July 29 by Imperial Capital. The rating was downgraded by Morgan Stanley on Monday, September 28 to “Equal-Weight”. The firm earned “Buy” rating on Friday, September 23 by Roth Capital. The stock of MINDBODY Inc (NASDAQ:MB) has “Overweight” rating given on Tuesday, September 13 by KeyBanc Capital Markets. Imperial Capital initiated the stock with “Outperform” rating in Tuesday, June 7 report.

According to Zacks Investment Research, “MINDBODY, Inc. develops cloud-based business management software and payments platform for the wellness services industry. Its platform enables businesses to manage class and appointment schedules, staff members, client information, online bookings, inventory, payroll and retail sales for yoga, Pilates, barre, indoor cycling, personal training, martial arts and dance exercise, as well as spas, salons, music instruction studios, dance studios, childrens activity center and integrative health centers. MINDBODY, Inc. is headquartered in San Luis Obispo, California.”

MINDBODY, Inc. is a provider of cloud 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 has a market cap of $779.24 million. The Company’s subscribers provide a range of wellness services to approximately 28 million active consumers. It currently has negative earnings. The Company’s integrated software and payments platform helps business owners in the wellness services industry run, market and build their businesses.

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