Brokerages Set $6.75 Price Target for YogaWorks, Inc. (YOGA)

YogaWorks, Inc. (NASDAQ:YOGA) has been given a consensus broker rating score of 1.00 (Strong Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Four research analysts have rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus target price of $6.75 for the company, according to Zacks. Zacks has also given YogaWorks an industry rank of 113 out of 265 based on the ratings given to its competitors.

A number of brokerages have recently weighed in on YOGA. Stephens began coverage on shares of YogaWorks in a research note on Tuesday, September 5th. They issued an “overweight” rating and a $6.00 price target for the company. Roth Capital began coverage on shares of YogaWorks in a research note on Tuesday, September 5th. They issued a “buy” rating and a $7.00 price target for the company. Cowen and Company began coverage on shares of YogaWorks in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $7.00 price target for the company. Finally, Guggenheim began coverage on shares of YogaWorks in a research note on Tuesday, September 5th. They issued a “buy” rating and a $7.00 price target for the company.

YogaWorks (YOGA) traded down 0.8367% during midday trading on Tuesday, hitting $2.4295. 11,096 shares of the stock were exchanged. YogaWorks has a 52 week low of $2.41 and a 52 week high of $5.85. The stock’s market cap is $21.64 million. The firm’s 50-day moving average is $3.24 and its 200 day moving average is $3.50.

YogaWorks (NASDAQ:YOGA) last issued its quarterly earnings results on Thursday, September 21st. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.02). The firm had revenue of $12.50 million for the quarter, compared to the consensus estimate of $12.49 million. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities research analysts expect that YogaWorks will post ($0.95) EPS for the current fiscal year.

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About YogaWorks

YogaWorks, Inc is a yoga instruction company. The Company provides yoga instruction in the United States with 50 company-owned studios as well as its Internet-based digital media service, MyYogaWorks.com. Its classes are designed to safely challenge practitioners of all levels, making yoga accessible to a diverse population ranging from beginners and casual practitioners to seasoned yogis and professional athletes.

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