Wall Street analysts expect that MINDBODY Inc (NASDAQ:MB) will announce earnings of $0.01 per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for MINDBODY’s earnings. The lowest EPS estimate is $0.00 and the highest is $0.02. MINDBODY posted earnings per share of ($0.04) during the same quarter last year, which would indicate a positive year over year growth rate of 125%. The business is scheduled to report its next earnings results on Wednesday, February 14th.

According to Zacks, 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 financial year, analysts expect that the firm will post 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 sell-side research analysts that that provide coverage for MINDBODY.

MINDBODY (NASDAQ:MB) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. The company had revenue of $46.60 million for the quarter, compared to analysts’ expectations of $45.59 million. MINDBODY had a negative return on equity of 8.39% and a negative net margin of 9.26%. The business’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.09) earnings per share.

Several analysts have recently weighed in on the company. KeyCorp upgraded MINDBODY from a “sector weight” rating to an “overweight” rating and boosted their price target for the stock from $16.95 to $32.00 in a report on Friday, September 22nd. BidaskClub lowered MINDBODY from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. UBS Group reaffirmed a “buy” rating and issued a $40.00 price objective (up from $34.00) on shares of MINDBODY in a research note on Thursday, November 9th. Jefferies Group raised MINDBODY from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Monday. Finally, Roth Capital reaffirmed a “buy” rating and issued a $31.50 price objective on shares of MINDBODY in a research note on Thursday, September 28th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. MINDBODY has a consensus rating of “Buy” and a consensus price target of $32.54.

In other MINDBODY news, major shareholder Luxor Capital Group, Lp purchased 83,022 shares of the company’s stock in a transaction on Monday, October 16th. The shares were purchased at an average cost of $27.95 per share, with a total value of $2,320,464.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kimberly Gail Lytikainen sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $28.39, for a total value of $1,419,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 175,087 shares of company stock worth $5,317,856. Insiders own 8.22% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. California Public Employees Retirement System raised its position in shares of MINDBODY by 26.3% during the third quarter. California Public Employees Retirement System now owns 16,926 shares of the technology company’s stock worth $438,000 after purchasing an additional 3,526 shares during the period. Davidson Kempner Capital Management LP acquired a new position in shares of MINDBODY during the third quarter worth approximately $4,575,000. Granahan Investment Management Inc. MA raised its position in shares of MINDBODY by 13.3% during the third quarter. Granahan Investment Management Inc. MA now owns 446,766 shares of the technology company’s stock worth $11,549,000 after purchasing an additional 52,521 shares during the period. Granite Point Capital Management L.P. raised its position in shares of MINDBODY by 5.6% during the third quarter. Granite Point Capital Management L.P. now owns 112,200 shares of the technology company’s stock worth $2,900,000 after purchasing an additional 5,900 shares during the period. Finally, Allianz Asset Management GmbH raised its position in shares of MINDBODY by 7.7% during the third quarter. Allianz Asset Management GmbH now owns 199,077 shares of the technology company’s stock worth $5,146,000 after purchasing an additional 14,250 shares during the period. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MINDBODY (NASDAQ:MB) opened at $32.25 on Thursday. The firm has a market capitalization of $1,510.00 and a PE ratio of -87.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 9.20 and a current ratio of 9.20. MINDBODY has a twelve month low of $21.57 and a twelve month high of $36.25.

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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.

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