MINDBODY Inc (NASDAQ:MB) – Equities research analysts at KeyCorp issued their Q1 2019 earnings per share (EPS) estimates for shares of MINDBODY in a report released on Wednesday, November 7th. KeyCorp analyst B. Bracelin expects that the technology company will post earnings of ($0.12) per share for the quarter. KeyCorp currently has a “Buy” rating and a $38.00 target price on the stock.
Other analysts have also issued research reports about the stock. DA Davidson lifted their price objective on shares of MINDBODY to $48.00 and gave the company a “buy” rating in a research note on Wednesday, September 19th. BidaskClub lowered shares of MINDBODY from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 11th. TheStreet lowered shares of MINDBODY from a “c-” rating to a “d+” rating in a research note on Wednesday. Morgan Stanley lowered their price objective on shares of MINDBODY from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 1st. Finally, ValuEngine lowered shares of MINDBODY from a “buy” rating to a “hold” rating in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $33.70.
MINDBODY stock opened at $26.82 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 9.61 and a current ratio of 9.61. MINDBODY has a 52-week low of $24.75 and a 52-week high of $45.50.
MINDBODY (NASDAQ:MB) last released its quarterly earnings results on Tuesday, November 6th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. MINDBODY had a negative net margin of 16.91% and a negative return on equity of 9.26%. The firm had revenue of $63.80 million during the quarter, compared to analyst estimates of $63.99 million. During the same quarter last year, the business earned $0.01 EPS. The company’s revenue was up 36.9% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nelson Roberts Investment Advisors LLC grew its position in MINDBODY by 1.1% in the 2nd quarter. Nelson Roberts Investment Advisors LLC now owns 123,901 shares of the technology company’s stock valued at $4,783,000 after purchasing an additional 1,325 shares during the period. Rhumbline Advisers grew its position in MINDBODY by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 41,030 shares of the technology company’s stock valued at $1,584,000 after purchasing an additional 1,737 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in MINDBODY by 6.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 31,443 shares of the technology company’s stock valued at $1,278,000 after purchasing an additional 1,774 shares during the period. JPMorgan Chase & Co. grew its position in MINDBODY by 13.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,345 shares of the technology company’s stock valued at $624,000 after purchasing an additional 1,872 shares during the period. Finally, Arthur M. Cohen & Associates LLC grew its position in MINDBODY by 27.8% in the 2nd quarter. Arthur M. Cohen & Associates LLC now owns 11,500 shares of the technology company’s stock valued at $444,000 after purchasing an additional 2,500 shares during the period. 98.86% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock in a transaction on Monday, October 1st. The shares were sold at an average price of $40.59, for a total value of $720,026.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Adam L. Miller purchased 3,000 shares of MINDBODY stock in a transaction that occurred on Tuesday, August 14th. The stock was acquired at an average cost of $35.66 per share, with a total value of $106,980.00. The disclosure for this purchase can be found here. In the last three months, insiders sold 127,809 shares of company stock valued at $4,430,896. 6.02% of the stock is currently owned by insiders.
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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