Yogaworks Inc (NASDAQ:YOGA) – Research analysts at Imperial Capital reduced their Q3 2019 EPS estimates for shares of Yogaworks in a report issued on Wednesday, May 22nd. Imperial Capital analyst G. Kelly now forecasts that the company will post earnings of ($0.22) per share for the quarter, down from their previous estimate of ($0.21). Imperial Capital has a “Outperform” rating and a $2.00 price target on the stock. Imperial Capital also issued estimates for Yogaworks’ FY2019 earnings at ($0.84) EPS.
Several other equities analysts have also recently issued reports on the stock. ValuEngine cut shares of Yogaworks from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Zacks Investment Research cut shares of Yogaworks from a “hold” rating to a “sell” rating in a research report on Saturday, May 18th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $3.25.
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 the 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 company had revenue of $14.04 million for the quarter, compared to analysts’ expectations of $13.96 million.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wedbush Securities Inc. boosted its stake in Yogaworks by 108.3% during the first quarter. Wedbush Securities Inc. now owns 47,026 shares of the company’s stock worth $43,000 after acquiring an additional 24,447 shares in the last quarter. Hayden Royal LLC bought a new stake in Yogaworks during the first quarter worth about $46,000. Finally, Mount Vernon Associates Inc. MD bought a new stake in Yogaworks during the first quarter worth about $193,000. Institutional investors own 6.86% of the company’s stock.
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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