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Transaction Details

Yahoo Beta:0.74
Industry:Application software

Company Description:  MINDBODY is the largest global provider of cloud-based business management software to the beauty, health and wellness industry. MINDBODY serves over 35 million users located in over 130 territories and countries. The company provides business management software and online scheduling platforms for over 58,000 health and wellness businesses globally. MINDBODY operates under a Software as a Service model and earns revenue through paid subscriptions as well as through payment processing services.

Purchase Date:07 Feb 2017 Sale Date:19 Feb 2018
Purchase Price:$24.70 Sale Price:$36.50
  --Split Adjusted:$24.70  --Split Adjusted:$36.50
Shares Purchased:85 Shares Sold:85
  --Split Adjusted:85  --Split Adjusted:85
Transaction Fee:$9.99 Transaction Fee:$0.00
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$26.40 High$0.00
Date10 Jan 2017 Date01 Jan 1996
Low$16.98 Low$0.00
Date22 Aug 2017 Date01 Jan 1996
S&P (Purchase Date):$2,293.08 S&P (Sale Date):$2,779.76

Timing:  We bought at the six month high.
Reason:  We are issuing a BUY recommendation for MB with a 52-week price target of $38.95, implying an upside of 46.2%. We think that as the first mover into the niche of cloud-based business management solutions for health and wellness businesses, the company has established a defensible competitive position, having entered the niche SaaS space back in 2001. We also think that the market undervalues the monetization potential in MINDBODY’s partnerships. Although the revenue segment is currently nascent, we think that potential for future corporate wellness partnerships provides additional upside. Based on our valuation analysis, we believe that the company will grow faster than anticipated by the market.

Timing:  The company was acquired.
Reason:  Mindbody was acquired by Vista Equity Partners in an all-cash transaction.

S&P Gain: 21.22 % Annualized Gain: 22.51%
Stock Gain: 47.77 % Annualized Gain: 50.97%

Net Holding Return ($): $993.01
Net Holding Return (%): 47.07 %