MINDBODY (MB) Announces Earnings Results

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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About MINDBODY

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.

Earnings History for MINDBODY (NASDAQ:MB)

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