Shares of Yogaworks Inc (NASDAQ:YOGA) have earned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $4.00.
YOGA has been the topic of several recent research reports. Zacks Investment Research upgraded Yogaworks from a “hold” rating to a “buy” rating and set a $0.50 price target on the stock in a research report on Saturday, February 16th. Imperial Capital reduced their price target on Yogaworks from $3.50 to $2.00 and set an “outperform” rating on the stock in a research report on Thursday, April 4th. Finally, ValuEngine lowered Yogaworks from a “buy” rating to a “hold” rating in a research report on Friday.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wedbush Securities Inc. lifted its holdings in Yogaworks by 108.3% in the 1st quarter. Wedbush Securities Inc. now owns 47,026 shares of the company’s stock worth $43,000 after buying an additional 24,447 shares during the period. Hayden Royal LLC purchased a new stake in Yogaworks in the 1st quarter worth approximately $46,000. Finally, Mount Vernon Associates Inc. MD purchased a new stake in Yogaworks in the 1st quarter worth approximately $193,000. Institutional investors and hedge funds own 7.86% of the company’s stock.
Yogaworks (NASDAQ:YOGA) last posted 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 return on equity of 95.01% and a negative net margin of 59.04%. The company had revenue of $14.04 million for the quarter, compared to the consensus estimate of $13.96 million. On average, analysts predict that Yogaworks will post -0.87 earnings per share for the current year.
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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