On Tuesday, MINDBODY Inc (NASDAQ:MB) gained 1.19% with the overall traded volume of 54,049.00 shares below its average volume of 266,213.00 shares. The company has the market value of $1.14B and its EPS ratio for the past year was $-0.58. The company finished business at $27.67.
MINDBODY (NASDAQ: MB), the leading provider of cloud-based business administration software for the wellness services industry, today declared the attainment of Lymber Wellness, an early-stage tech company specializing in breakthrough yield administration solutions for class and appointment based businesses.
Built on MINDBODY’s API platform, Lymber’s technology facilitates business owners to set dynamic pricing parameters for class and appointment sessions. The technology identifies open class and appointment inventory, and automatically adjusts session prices in real time to match supply and demand.
Similar to yield administration solutions found in the hospitality and travel industries, automated dynamic pricing enables wellness business owners to increase class and appointment sales without humiliating their existing full-price paying customer base. The net effect is to improve the business’ revenue and profitability, while providing a broader audience of price sensitive wellness seekers with more affordable options.
“The Lymber team has created an advanced technology addressing the holy grail of our industry – yield administration,” said Rick Stollmeyer, MINDBODY CEO and Co-founder. “By embedding this technology into our business software, consumer apps and the MINDBODY Network, we intend to allow our subscribers to better achieve their business aims by more effectively selling the millions of available classes and appointments they offer each day. This is a win-win for wellness business owners, practitioners and consumers everywhere, and a huge step forward in our mission of creating a global wellness services marketplace.”
Deep integration of Lymber’s technology into the MINDBODY platform will begin right away, with initial rollout predictable in the second half of 2017.
Technical Analysis:
The company has 40.86M shares outstanding and 97.90% shares of the company were owned by institutional investors. The company has 7.97 value in price to sale ratio while price to book ratio was recorded as 10.90. The company earned $-23.00M in prior twelve months on revenue of $139.00M. It beta stands at 0.00.
Analyst recommendation for this stock stands at 2.10.