Equities research analysts predict that MINDBODY Inc (NASDAQ:MB) will report $65.74 million in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for MINDBODY’s earnings, with the highest sales estimate coming in at $66.38 million and the lowest estimate coming in at $65.27 million. MINDBODY posted sales of $49.69 million in the same quarter last year, which would indicate a positive year over year growth rate of 32.3%. The company is scheduled to announce its next earnings results on Wednesday, February 20th.
On average, analysts expect that MINDBODY will report full-year sales of $244.99 million for the current fiscal year, with estimates ranging from $244.49 million to $245.59 million. For the next fiscal year, analysts anticipate that the business will post sales of $296.71 million, with estimates ranging from $287.87 million to $305.60 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow MINDBODY.
A number of equities analysts recently commented on MB shares. Wells Fargo & Co cut MINDBODY from an “outperform” rating to a “market perform” rating in a report on Monday. Imperial Capital lowered their target price on MINDBODY from $42.00 to $36.00 and set an “outperform” rating for the company in a report on Thursday, November 8th. TheStreet cut MINDBODY from a “c-” rating to a “d+” rating in a report on Wednesday, November 7th. Craig Hallum raised their target price on MINDBODY from $32.00 to $36.50 and gave the company a “hold” rating in a report on Wednesday, December 26th. Finally, JMP Securities cut MINDBODY from an “outperform” rating to a “market perform” rating and set a $36.42 price objective for the company. in a research note on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $36.29.
Shares of NASDAQ:MB traded down $0.04 during midday trading on Friday, reaching $36.47. 167,085 shares of the company’s stock were exchanged, compared to its average volume of 1,437,768. The company has a current ratio of 9.45, a quick ratio of 9.45 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -121.60 and a beta of -0.35. MINDBODY has a fifty-two week low of $21.61 and a fifty-two week high of $45.50.
In related news, CEO Richard Lee Stollmeyer sold 17,739 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $27.85, for a total transaction of $494,031.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brett T. White sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $36.38, for a total value of $363,800.00. The disclosure for this sale can be found here. Insiders sold a total of 57,427 shares of company stock valued at $1,936,999 in the last quarter. Company insiders own 6.02% of the company’s stock.
A number of hedge funds have recently bought and sold shares of MB. AdvisorNet Financial Inc acquired a new position in MINDBODY during the fourth quarter worth approximately $36,000. Bank of Montreal Can increased its position in MINDBODY by 147.9% during the fourth quarter. Bank of Montreal Can now owns 1,014 shares of the technology company’s stock worth $37,000 after buying an additional 605 shares during the period. D.A. Davidson & CO. acquired a new position in MINDBODY during the third quarter worth approximately $201,000. GAM Holding AG acquired a new position in MINDBODY during the fourth quarter worth approximately $207,000. Finally, Whetstone Capital Advisors LLC acquired a new position in MINDBODY during the third quarter worth approximately $232,000.
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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