Zacks Investment Research lowered shares of XO Group (NYSE:XOXO) from a hold rating to a sell rating in a research report sent to investors on Saturday, January 6th.
According to Zacks, “XO Group Inc. is a media and technology company. It provides information, products and advice related to weddings and pregnancy. The Company operates Internet websites, publishes magazines and books, and produces television and video content. XO Group Inc., formerly known as The Knot, Inc., is headquartered in New York, New York. “
A number of other research analysts also recently commented on XOXO. BidaskClub downgraded XO Group from a buy rating to a hold rating in a research report on Saturday, November 4th. B. Riley increased their target price on XO Group from $16.75 to $19.00 and gave the company a neutral rating in a research report on Wednesday, November 1st. Finally, Roth Capital reiterated a neutral rating and set a $20.50 target price on shares of XO Group in a research report on Thursday, October 12th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $19.38.
Shares of XO Group (NYSE XOXO) traded up $0.12 during trading hours on Friday, hitting $19.44. 269 shares of the stock traded hands, compared to its average volume of 76,010. The company has a market cap of $502.18, a PE ratio of 52.81, a PEG ratio of 2.66 and a beta of 0.92. XO Group has a 52-week low of $14.99 and a 52-week high of $20.96.
XO Group (NYSE:XOXO) last announced its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. XO Group had a net margin of 5.35% and a return on equity of 5.55%. The business had revenue of $40.24 million during the quarter, compared to analyst estimates of $40.58 million. During the same period last year, the firm posted $0.07 EPS. The company’s revenue was up 9.5% on a year-over-year basis. sell-side analysts anticipate that XO Group will post 0.32 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Macquarie Group Ltd. purchased a new position in XO Group in the third quarter valued at about $132,000. BNP Paribas Arbitrage SA grew its stake in shares of XO Group by 88.9% during the second quarter. BNP Paribas Arbitrage SA now owns 8,943 shares of the specialty retailer’s stock worth $158,000 after acquiring an additional 4,209 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of XO Group during the fourth quarter worth about $192,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of XO Group during the second quarter worth about $302,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of XO Group during the second quarter worth about $319,000. Institutional investors own 84.86% of the company’s stock.
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About XO Group
XO Group Inc is engaged in providing content and marketing solutions, targeted advertising programs, transactions and merchandise. The Company’s multi-platform brands guide couples through transformative life stages from getting married with The Knot, to moving in together with The Nest, to having a baby with The Bump, and helping bring celebrations to life with entertainment vendors from GigMasters.com Incorporated (GigMasters).
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