Yogaworks (YOGA) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Yogaworks (NASDAQ:YOGA) from a hold rating to a buy rating in a research report sent to investors on Thursday morning, reports. The firm currently has $0.75 target price on the stock.

According to Zacks, “YogaWorks Inc. is a yoga instruction company. It offers yoga classes, integrated fitness classes, workshops, teacher training programs and yoga-related retail merchandise through its Yoga Works and Yoga Tree studios. The company operates primarily in Los Angeles, Orange County, New York City, Northern California, Boston and Baltimore/Washington D.C. YogaWorks Inc. is based in CULVER CITY, United States. “

Other research analysts have also recently issued reports about the company. ValuEngine cut Yogaworks from a buy rating to a hold rating in a research note on Friday, May 3rd. Imperial Capital dropped their price target on Yogaworks from $3.50 to $2.00 and set an outperform rating for the company in a research note on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $3.25.

NASDAQ YOGA opened at $0.65 on Thursday. Yogaworks has a fifty-two week low of $0.37 and a fifty-two week high of $2.39. The firm has a market cap of $10.87 million, a price-to-earnings ratio of -0.30 and a beta of 1.65.

Yogaworks (NASDAQ:YOGA) last announced its quarterly earnings results on Wednesday, March 27th. The company reported ($0.65) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.28) by ($0.37). Yogaworks had a negative net margin of 57.80% and a negative return on equity of 121.97%. The firm had revenue of $14.04 million during the quarter, compared to the consensus estimate of $13.96 million. On average, equities analysts anticipate that Yogaworks will post -0.83 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in YOGA. Hayden Royal LLC bought a new position in shares of Yogaworks in the 1st quarter valued at $46,000. Wedbush Securities Inc. lifted its stake in shares of Yogaworks by 108.3% in the 1st quarter. Wedbush Securities Inc. now owns 47,026 shares of the company’s stock valued at $43,000 after acquiring an additional 24,447 shares during the last quarter. Finally, Mount Vernon Associates Inc. MD bought a new position in shares of Yogaworks in the 1st quarter valued at $193,000. Institutional investors own 6.86% of the company’s stock.

Yogaworks Company Profile

YogaWorks, Inc operates yoga studios under the YogaWorks and Yoga Tree brand names in the United States. It primarily provides yoga classes, workshops, teacher training programs, and yoga-related retail merchandise. The company offers online yoga instruction and programming services through its MyYogaWorks Web platform.

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