MINDBODY Company Profile (NASDAQ:MB)

MINDBODY trades on the NASDAQ under the ticker symbol "MB."

MINDBODY, Inc. (NASDAQ:MB) issued its quarterly earnings data on Wednesday, July, 26th. The company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.04. The firm had revenue of $44.10 million for the quarter, compared to analyst estimates of $44.11 million. MINDBODY had a negative return on equity of 12.49% and a negative net margin of 11.34%. The company's revenue for the quarter was up 31.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.10) EPS. View MINDBODY's Earnings History.

MINDBODY is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for MINDBODY.

8 brokerages have issued 1 year price objectives for MINDBODY's shares. Their predictions range from $22.00 to $38.00. On average, they expect MINDBODY's stock price to reach $29.33 in the next year. View Analyst Ratings for MINDBODY.

Here are some recent quotes from research analysts about MINDBODY stock:

• 1. According to Zacks Investment Research, "MINDBODY, Inc. develops cloud-based business management software and payments platform for the wellness services industry. Its platform enables businesses to manage class and appointment schedules, staff members, client information, online bookings, inventory, payroll and retail sales for yoga, Pilates, barre, indoor cycling, personal training, martial arts and dance exercise, as well as spas, salons, music instruction studios, dance studios, childrens activity center and integrative health centers. MINDBODY, Inc. is headquartered in San Luis Obispo, California. " (8/1/2017)
• 2. KeyCorp analysts commented, "We are lowering our estimates slightly for this year and next to factor in slightly lower growth assumptions on high-quality subscribers. We maintain Sector Weight based on valuation after shares rose 26% during 1H17 (vs. Nasdaq +14%) coupled with higher execution risk during a subscriber transition year. Key Investment Points Payments momentum and mix shift offset increasing churn. Revenue was in line with consensus on 31% y/y growth to $44.1M. Transactional payment revenue was robust at 37% y/y revenue growth, increasing the payment mix to 40% of sales from ~37% two years ago. Price increases implemented at the beginning of the year coupled with a mix shift toward high-value subscribers contributed to accelerating growth in average revenue per subscriber (ARPS) of 21% y/y vs. 16% last quarter." (7/27/2017)
• 3. Imperial Capital analysts commented, "We continue to see momentum in MINDBODY's core business and we see potential for new, high margin revenue streams as the company develops a dynamic transaction platform. While the stock might pause, digesting 4Q results and 2017 guidance, it is important to remember that 2016 revenue guidance and expected EBITDA profitability both improved steadily during the year." (2/9/2017)

Some companies that are related to MINDBODY include Alarm.com Holdings (ALRM), Callidus Software (CALD), Progress Software Corporation (PRGS), Coupa Software (COUP), Blackline (BL), Gigamon (GIMO), Alteryx (AYX), Bottomline Technologies (EPAY), CommerceHub (CHUBA), Rapid7 (RPD), Everbridge (EVBG), Accesso Technology Group PLC (ACSO), Magic Software Enterprises (MGIC), Wandisco PLC (WAND), MobileIron (MOBL), Gridsum Holding (GSUM), Park City Group (PCYG) and Exa Corporation (EXA).

MINDBODY's management team includes the folowing people:

• Richard Lee Stollmeyer, Chairman of the Board, Chief Executive Officer
• Michael Mansbach, President
• Brett T. White, Chief Financial Officer, Chief Operating Officer
• Kimberly Gail Lytikainen, Senior Vice President, Compliance Officer, General Counsel, Corporate Secretary
• Chet Ian Brandenburg, Chief Product Officer
• Bradford Lee Wills, Chief Strategy Officer
• Cipora Herman, Director
• Adam L. Miller, Director
• Katherine Blair Christie, Independent Director
• Gail F. Goodman, Independent Director

(MB) raised $101 million in an IPO on Friday, June 19th 2015. The company issued 7,200,000 shares at $13.00-$15.00 per share. Morgan Stanley, Credit Suisse and UBS Securities acted as the underwriters for the IPO and Pacific Crest Securities and JMP Securities were co-managers.

MINDBODY's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Abdiel Capital Advisors LP (9.50%), Institutional Venture Management XIII LLC (6.92%), FMR LLC (6.80%), Capital World Investors (6.13%), Vanguard Group Inc. (3.26%) and Victory Capital Management Inc. (2.98%). Company insiders that own MINDBODY stock include Bessemer Venture Partners Vii, Bradford Lee Wills, Brett T White, Chet Ian Brandenburg, Kimberly Gail Lytikainen, Luxor Capital Group, Lp, Qualified Master Fund L Abdiel, Richard Lee Stollmeyer, Robert John Murphy and W Capital Partners Iii, LP. View Institutional Ownership Trends for MINDBODY.

MINDBODY's stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Cat Rock Capital Management LP, Pier Capital LLC, EAM Investors LLC, Russell Investments Group Ltd., Summit Partners Public Asset Management LLC, HighVista Strategies LLC and Royce & Associates LP. Company insiders that have sold MINDBODY stock in the last year include Bessemer Venture Partners Vii, Bradford Lee Wills, Brett T White, Kimberly Gail Lytikainen, Richard Lee Stollmeyer and W Capital Partners Iii, LP. View Insider Buying and Selling for MINDBODY.

MINDBODY's stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Victory Capital Management Inc., Vanguard Group Inc., State Street Corp, Renaissance Technologies LLC, Capital World Investors, State of Wisconsin Investment Board and Northern Trust Corp. Company insiders that have bought MINDBODY stock in the last two years include Luxor Capital Group, Lp and Qualified Master Fund L Abdiel. View Insider Buying and Selling for MINDBODY.

Shares of MINDBODY can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of MINDBODY stock can currently be purchased for approximately $23.20.