Yogaworks (YOGA) Lifted to Buy at Zacks Investment Research

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Zacks Investment Research upgraded shares of Yogaworks (NASDAQ:YOGA) from a hold rating to a buy rating in a report issued on Thursday morning, Zacks.com reports. The brokerage 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 also recently issued reports about the company. ValuEngine downgraded Yogaworks from a buy rating to a hold rating in a report on Friday, May 3rd. Imperial Capital lowered their price target on Yogaworks from $3.50 to $2.00 and set an outperform rating on the stock in a report on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $3.25.

Shares of NASDAQ:YOGA opened at $0.65 on Thursday. The firm has a market cap of $10.87 million, a PE ratio of -0.30 and a beta of 1.65. Yogaworks has a 1 year low of $0.37 and a 1 year high of $2.39.

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

A number of hedge funds have recently bought and sold shares of the business. Wedbush Securities Inc. lifted its holdings in Yogaworks by 108.3% in the first 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 period. Hayden Royal LLC bought a new position in Yogaworks in the first quarter valued at about $46,000. Finally, Mount Vernon Associates Inc. MD bought a new position in Yogaworks in the first quarter valued at about $193,000. 6.86% of the stock is currently owned by institutional investors.

About Yogaworks

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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