Analysts forecast that MINDBODY Inc (NASDAQ:MB) will report earnings of $0.01 per share for the current fiscal 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 of ($0.04) per share in the same quarter last year, which would suggest a positive year over year growth rate of 125%. The business is scheduled to issue its next 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 financial year, with EPS estimates ranging from ($0.02) to $0.00. For the next fiscal year, analysts forecast that the business will report earnings of $0.20 per share, with EPS estimates ranging from $0.06 to $0.36. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow MINDBODY.
A number of equities research analysts have issued reports on the company. BidaskClub cut MINDBODY from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Morgan Stanley raised their target price on MINDBODY from $34.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. KeyCorp reiterated a “buy” rating and issued a $41.00 target price (up from $34.00) on shares of MINDBODY in a research note on Monday, January 22nd. Jefferies Group upgraded MINDBODY from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Monday, January 8th. Finally, DA Davidson assumed coverage on MINDBODY in a research note on Wednesday, November 15th. They issued a “buy” rating and a $42.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. MINDBODY presently has an average rating of “Buy” and a consensus price target of $34.32.
In other news, insider Kimberly Gail Lytikainen sold 36,868 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $30.11, for a total transaction of $1,110,095.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Richard Lee Stollmeyer sold 17,741 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $30.30, for a total value of $537,552.30. The disclosure for this sale can be found here. Insiders sold 92,348 shares of company stock worth $2,883,809 over the last quarter. 8.22% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 607,182 shares during the period. State Street Corp grew its holdings in MINDBODY by 151.3% during the second quarter. State Street Corp now owns 620,907 shares of the technology company’s stock worth $16,885,000 after acquiring an additional 373,828 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in MINDBODY during the fourth quarter worth about $8,662,000. Victory Capital Management Inc. grew its holdings in MINDBODY by 19.7% during the fourth 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. Finally, Northern Trust Corp grew its holdings in 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 acquiring an additional 222,348 shares during the period. 91.01% of the stock is currently owned by institutional investors.
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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.
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