-$0.11 Earnings Per Share Expected for MINDBODY, Inc. (MB) This Quarter

Brokerages predict that MINDBODY, Inc. (NASDAQ:MB) will report earnings of ($0.11) per share for the current quarter, according to Zacks. Five analysts have made estimates for MINDBODY’s earnings, with the highest EPS estimate coming in at ($0.09) and the lowest estimate coming in at ($0.12). MINDBODY posted earnings of ($0.16) per share during the same quarter last year, which would suggest a positive year over year growth rate of 31.3%. The firm is expected to announce its next earnings results on Wednesday, July 26th.

According to Zacks, analysts expect that MINDBODY will report full-year earnings of ($0.38) per share for the current fiscal year, with EPS estimates ranging from ($0.43) to ($0.31). For the next fiscal year, analysts expect that the business will report earnings of ($0.07) per share, with EPS estimates ranging from ($0.20) to $0.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for MINDBODY.

MINDBODY (NASDAQ:MB) last posted its quarterly earnings data on Thursday, May 4th. The technology company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. MINDBODY had a negative return on equity of 19.36% and a negative net margin of 13.60%. The firm had revenue of $42.20 million during the quarter, compared to the consensus estimate of $42.09 million. During the same period in the prior year, the company earned ($0.12) EPS. The firm’s revenue was up 31.9% compared to the same quarter last year.

Several analysts have recently issued reports on MB shares. Roth Capital set a $31.00 price objective on MINDBODY and gave the company a “buy” rating in a research report on Monday, March 27th. JMP Securities restated an “outperform” rating and issued a $32.00 price objective on shares of MINDBODY in a research report on Tuesday, April 4th. Pacific Crest downgraded MINDBODY from an “overweight” rating to a “sector weight” rating in a research report on Friday, May 5th. Morgan Stanley upped their price objective on MINDBODY from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Friday, May 5th. Finally, Credit Suisse Group upped their price objective on MINDBODY from $27.00 to $31.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. MINDBODY presently has an average rating of “Buy” and a consensus price target of $28.60.

In related news, major shareholder Luxor Capital Group, Lp bought 469,973 shares of the stock in a transaction dated Friday, May 5th. The stock was acquired at an average price of $25.46 per share, for a total transaction of $11,965,512.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bradford Lee Wills sold 1,043 shares of the stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $28.33, for a total value of $29,548.19. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 1,096,818 shares of company stock valued at $29,426,735 and sold 63,543 shares valued at $1,752,075. Corporate insiders own 30.62% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Legal & General Group Plc raised its stake in MINDBODY by 4.1% in the first quarter. Legal & General Group Plc now owns 4,218 shares of the technology company’s stock worth $116,000 after buying an additional 166 shares during the period. American International Group Inc. raised its stake in MINDBODY by 7.1% in the first quarter. American International Group Inc. now owns 8,871 shares of the technology company’s stock worth $244,000 after buying an additional 588 shares during the period. Teachers Advisors LLC raised its stake in MINDBODY by 4.8% in the fourth quarter. Teachers Advisors LLC now owns 24,524 shares of the technology company’s stock worth $522,000 after buying an additional 1,132 shares during the period. Nicholas Investment Partners LP raised its stake in MINDBODY by 0.7% in the first quarter. Nicholas Investment Partners LP now owns 201,048 shares of the technology company’s stock worth $5,521,000 after buying an additional 1,329 shares during the period. Finally, Bank of America Corp DE raised its stake in MINDBODY by 5.2% in the first quarter. Bank of America Corp DE now owns 35,657 shares of the technology company’s stock worth $979,000 after buying an additional 1,762 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

Shares of MINDBODY (NASDAQ:MB) traded down 0.35% during mid-day trading on Thursday, hitting $28.25. The company’s stock had a trading volume of 48,225 shares. The company’s market cap is $1.16 billion. MINDBODY has a 12-month low of $13.75 and a 12-month high of $29.75. The stock has a 50-day moving average of $27.63 and a 200-day moving average of $25.72.

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MINDBODY Company Profile

MINDBODY, Inc is a provider of cloud-based business management software for the wellness services industry and operates as a consumer marketplace with local business subscribers on its platform. The Company’s subscribers provide a range of wellness services to active consumers. Its integrated software and payments platform helps business owners in the wellness services industry run, market and build their businesses.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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