UBS Gives MINDBODY (NASDAQ:MB) a Lower Rating. Drops its “Buy” Rating

November 9, 2018 - By Mark Williams

MINDBODY, Inc. (NASDAQ:MB) Logo

MINDBODY (NASDAQ:MB) Receives a Downgrade

In an analyst report revealed to investors on Thursday morning, UBS has decided to decreased rating on MINDBODY (NASDAQ:MB) shares to a “Neutral”. MB’s prior rating was a “Buy”.

MINDBODY, Inc. (NASDAQ:MB) Ratings Coverage

Among 7 analysts covering MINDBODY (NASDAQ:MB), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. MINDBODY has $45 highest and $31 lowest target. $35.67’s average target is 32.11% above currents $27 stock price. MINDBODY had 9 analyst reports since May 9, 2018 according to SRatingsIntel. Credit Suisse maintained MINDBODY, Inc. (NASDAQ:MB) on Wednesday, August 1 with “Neutral” rating. Credit Suisse downgraded the shares of MB in report on Wednesday, May 9 to “Neutral” rating. The stock has “Hold” rating by Craig Hallum on Wednesday, May 9. The firm earned “Neutral” rating on Wednesday, November 7 by JP Morgan. Morgan Stanley maintained the shares of MB in report on Wednesday, August 1 with “Equal-Weight” rating. Morgan Stanley maintained it with “Equal-Weight” rating and $42 target in Wednesday, May 9 report. As per Wednesday, November 7, the company rating was downgraded by Roth Capital.

The stock increased 3.13% or $0.82 during the last trading session, reaching $27. About 1.97M shares traded or 141.97% up from the average. MINDBODY, Inc. (NASDAQ:MB) has risen 56.94% since November 9, 2017 and is uptrending. It has outperformed by 41.32% the S&P500.

MINDBODY, Inc. operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. The company has market cap of $1.29 billion. The Company’s platform enables businesses to run, market, and build client scheduling and online booking, staff management, client relationship management, integrated payment processing, retail point-of-sale, analytics and reporting, simple and intuitive user experience, mobility, branded Web, social integration, cloud architecture, open platform for third-party application development, security and compliance, and integration with other cloud partners for yoga, Pilates, barre, indoor cycling, personal training, martial arts, and dance exercise, spas, salons, music instruction studios, dance studios, childrenÂ’s activity centers, and integrative health centers. It currently has negative earnings. The firm offers its software platform to its subscribers as a subscription service.

More notable recent MINDBODY, Inc. (NASDAQ:MB) news were published by: Seekingalpha.com which released: “Mindbody company exposed millions of user records” on October 11, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For November 7, 2018” published on November 07, 2018, Nasdaq.com published: “MINDBODY is Now Oversold (MB)” on October 11, 2018. More interesting news about MINDBODY, Inc. (NASDAQ:MB) were released by: Benzinga.com and their article: “10 Biggest Price Target Changes For Wednesday” published on November 07, 2018 as well as Globenewswire.com‘s news article titled: “MINDBODY Reports Third Quarter 2018 Financial Results” with publication date: November 06, 2018.

MINDBODY, Inc. (NASDAQ:MB) Ratings Chart

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