Mindbody Inc. (MB) Expected to Announce Earnings of $0.04 Per Share

Equities research analysts expect that Mindbody Inc. (NASDAQ:MB) will post earnings per share of $0.04 for the current quarter, Zacks reports. Seven analysts have issued estimates for Mindbody’s earnings. The highest EPS estimate is $0.06 and the lowest is $0.03. Mindbody posted earnings of ($0.03) per share in the same quarter last year, which suggests a positive year over year growth rate of 233.3%. The firm is expected to announce its next quarterly earnings results after the market closes on Tuesday, May 8th.

According to Zacks, analysts expect that Mindbody will report full year earnings of $0.22 per share for the current financial year, with EPS estimates ranging from $0.21 to $0.23. For the next financial year, analysts forecast that the firm will post earnings of $0.48 per share, with EPS estimates ranging from $0.34 to $0.63. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Mindbody.

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Mindbody (NASDAQ:MB) last released its earnings results on Wednesday, February 21st. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $49.70 million for the quarter, compared to analyst estimates of $48.96 million. Mindbody had a negative return on equity of 6.29% and a negative net margin of 8.10%. Mindbody’s revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.04) earnings per share.

A number of research firms recently issued reports on MB. Imperial Capital lifted their target price on Mindbody from $35.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. BidaskClub raised Mindbody from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Summit Insights began coverage on Mindbody in a report on Wednesday, March 7th. They set a “buy” rating on the stock. Jefferies Group raised Mindbody from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Monday, January 8th. Finally, DA Davidson set a $46.00 target price on Mindbody and gave the stock a “buy” rating in a report on Wednesday, March 14th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $38.14.

In related news, major shareholder Luxor Capital Group, Lp purchased 147,189 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was acquired at an average price of $36.56 per share, for a total transaction of $5,381,229.84. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Richard Lee Stollmeyer sold 17,739 shares of the stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $37.73, for a total value of $669,292.47. The disclosure for this sale can be found here. In the last quarter, insiders purchased 234,777 shares of company stock valued at $8,298,316 and sold 177,836 shares valued at $6,569,497. Company insiders own 6.02% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Luxor Capital Group LP boosted its position in Mindbody by 8.7% during the 4th quarter. Luxor Capital Group LP now owns 6,220,410 shares of the technology company’s stock worth $189,411,000 after acquiring an additional 498,724 shares during the period. BlackRock Inc. boosted its position in Mindbody by 2.0% during the 4th quarter. BlackRock Inc. now owns 2,460,372 shares of the technology company’s stock worth $74,917,000 after acquiring an additional 48,837 shares during the period. Victory Capital Management Inc. boosted its position in Mindbody by 19.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,725,271 shares of the technology company’s stock worth $52,535,000 after acquiring an additional 283,575 shares during the period. Ranger Investment Management L.P. boosted its position in Mindbody by 18.2% during the 4th quarter. Ranger Investment Management L.P. now owns 862,396 shares of the technology company’s stock worth $26,260,000 after acquiring an additional 132,911 shares during the period. Finally, Millennium Management LLC boosted its position in Mindbody by 90.9% during the 4th quarter. Millennium Management LLC now owns 728,570 shares of the technology company’s stock worth $22,185,000 after acquiring an additional 346,862 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

NASDAQ:MB traded down $0.40 during mid-day trading on Friday, reaching $40.60. 287,450 shares of the stock were exchanged, compared to its average volume of 324,148. The firm has a market cap of $1,913.88, a P/E ratio of -135.33 and a beta of -0.10. Mindbody has a 1-year low of $21.57 and a 1-year high of $43.45. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 0.06.

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Mindbody Company Profile

MINDBODY, Inc operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses to run, market, and build scheduling and online booking, performance tracking, staff management, client relationship management, integrated payment processing, retail point-of-sale, purchase tracking, inventory, hardware integration, analytics and reporting, branded Web, mobility, social integration, client acquisition dashboard, security and compliance, and integration with other cloud-based partners for yoga, Pilates, indoor cycling, group and personal training, boutique fitness, salons, spas, and integrative health businesses.

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