MINDBODY (NASDAQ:MB) posted its earnings results on Wednesday. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02, Bloomberg Earnings reports. The firm had revenue of $49.70 million during the quarter, compared to analyst estimates of $48.96 million. MINDBODY had a negative net margin of 9.26% and a negative return on equity of 8.39%. MINDBODY’s revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.04) EPS. MINDBODY updated its FY18 guidance to $0.18-0.26 EPS.
Shares of MINDBODY (MB) traded down $0.10 during trading hours on Wednesday, hitting $33.35. 548,414 shares of the stock were exchanged, compared to its average volume of 337,185. The firm has a market cap of $1,560.00 and a price-to-earnings ratio of -90.14. MINDBODY has a 12 month low of $21.57 and a 12 month high of $36.25. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.06.
In related news, CFO Brett T. White sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $31.94, for a total value of $319,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Luxor Capital Group, Lp bought 43,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $31.36 per share, for a total transaction of $1,348,480.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 92,348 shares of company stock valued at $2,883,809. Company insiders own 8.22% of the company’s stock.
MB has been the subject of a number of analyst reports. BidaskClub raised shares of MINDBODY from a “hold” rating to a “buy” rating in a research note on Wednesday, January 24th. KeyCorp reissued a “buy” rating and set a $41.00 target price (up from $34.00) on shares of MINDBODY in a research note on Monday, January 22nd. Jefferies Group raised shares of MINDBODY from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Monday, January 8th. DA Davidson initiated coverage on shares of MINDBODY in a research note on Wednesday, November 15th. They set a “buy” rating and a $42.00 target price for the company. Finally, UBS Group reissued a “buy” rating and set a $40.00 target price (up from $34.00) on shares of MINDBODY in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $34.32.
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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.
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