The stock of MINDBODY Inc (NASDAQ:MB) hit a new 52-week high and has $30.71 target or 38.00% above today’s $22.25 share price. The 8 months bullish chart indicates low risk for the $952.93 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $30.71 price target is reached, the company will be worth $362.11 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 4.95% or $1.05 during the last trading session, hitting $22.25. About 819,827 shares traded hands or 28.20% up from the average. MINDBODY Inc (NASDAQ:MB) has risen 51.32% since April 15, 2016 and is uptrending. It has outperformed by 46.70% the S&P500.
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. Mindbody Inc has been the topic of 8 analyst reports since September 28, 2015 according to StockzIntelligence Inc. Imperial Capital maintained the stock with “Outperform” rating in Monday, October 31 report. Morgan Stanley downgraded the shares of MB in a report on Monday, September 28 to “Equal-Weight” rating. The stock of MINDBODY Inc (NASDAQ:MB) has “Outperform” rating given on Tuesday, June 7 by Imperial Capital. The rating was maintained by Imperial Capital with “Outperform” on Friday, July 29. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Tuesday, September 13 report. Roth Capital initiated MINDBODY Inc (NASDAQ:MB) rating on Friday, September 23. Roth Capital has “Buy” rating and $22.50 price target.
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.”
Another recent and important MINDBODY Inc (NASDAQ:MB) news was published by Fool.com which published an article titled: “Why Mindbody Inc. Stock Surged Today” on October 27, 2016.
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