Equities research analysts expect that MINDBODY Inc (NASDAQ:MB) will post $0.01 earnings per share for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for MINDBODY’s earnings, with estimates ranging from $0.00 to $0.02. MINDBODY posted earnings per share of ($0.04) in the same quarter last year, which would suggest a positive year-over-year growth rate of 125%. The company is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, February 21st.
On average, analysts expect that MINDBODY will report full year earnings of ($0.01) per share for the current fiscal year, with EPS estimates ranging from ($0.02) to $0.00. For the next year, analysts expect that the firm will post earnings of $0.20 per share, with EPS estimates ranging from $0.06 to $0.36. Zacks’ earnings per share averages are an average based on a survey of research firms that follow MINDBODY.
A number of analysts recently issued reports on MB shares. UBS Group reissued a “buy” rating and set a $40.00 price objective (up from $34.00) on shares of MINDBODY in a research report on Thursday, November 9th. Zacks Investment Research downgraded MINDBODY from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Morgan Stanley raised their price objective on MINDBODY from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday. DA Davidson started coverage on MINDBODY in a research report on Wednesday, November 15th. They set a “buy” rating and a $42.00 price objective for the company. Finally, KeyCorp reaffirmed a “buy” rating and issued a $41.00 target price (up from $34.00) on shares of MINDBODY in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. MINDBODY presently has a consensus rating of “Buy” and a consensus price target of $33.96.
In other news, insider Kunal Mittal sold 10,000 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $35.00, for a total transaction of $350,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Lee Stollmeyer sold 17,739 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $31.95, for a total value of $566,761.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,348 shares of company stock valued at $2,883,809. 8.22% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Granahan Investment Management Inc. MA grew its position in shares of MINDBODY by 13.3% during the third quarter. Granahan Investment Management Inc. MA now owns 446,766 shares of the technology company’s stock worth $11,549,000 after buying an additional 52,521 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of MINDBODY by 153.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 155,065 shares of the technology company’s stock worth $4,009,000 after buying an additional 93,865 shares in the last quarter. Northern Trust Corp grew its position in shares of MINDBODY by 103.2% during the second quarter. Northern Trust Corp now owns 437,838 shares of the technology company’s stock worth $11,909,000 after buying an additional 222,348 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of MINDBODY by 250.0% during the second quarter. Goldman Sachs Group Inc. now owns 274,539 shares of the technology company’s stock worth $7,468,000 after buying an additional 196,097 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of MINDBODY by 67.2% during the second quarter. Vanguard Group Inc. now owns 1,511,343 shares of the technology company’s stock worth $41,109,000 after buying an additional 607,182 shares in the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.
Shares of MINDBODY (NASDAQ:MB) traded down $1.25 during trading hours on Friday, hitting $33.70. The company had a trading volume of 394,621 shares, compared to its average volume of 371,739. The company has a quick ratio of 9.20, a current ratio of 9.20 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1,570.00 and a P/E ratio of -91.08. MINDBODY has a 1 year low of $21.57 and a 1 year high of $36.25.
TRADEMARK VIOLATION NOTICE: “Zacks: Brokerages Expect MINDBODY Inc (MB) to Announce $0.01 Earnings Per Share” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of international trademark & copyright law. The correct version of this news story can be read at https://www.dispatchtribunal.com/2018/02/03/zacks-brokerages-expect-mindbody-inc-mb-to-announce-0-01-earnings-per-share.html.
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.
Get a free copy of the Zacks research report on MINDBODY (MB)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for MINDBODY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MINDBODY and related companies with MarketBeat.com's FREE daily email newsletter.