Yogaworks (YOGA) Upgraded by Zacks Investment Research to Buy

Yogaworks (NASDAQ:YOGA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday.

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. “

Separately, ValuEngine upgraded Yogaworks from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $5.00.

NASDAQ:YOGA remained flat at $$0.58 during trading hours on Friday. The company’s stock had a trading volume of 124,101 shares, compared to its average volume of 50,662. Yogaworks has a 52 week low of $0.37 and a 52 week high of $3.10.

Yogaworks (NASDAQ:YOGA) last posted its quarterly earnings data on Wednesday, November 14th. The company reported ($0.84) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.55). Yogaworks had a negative return on equity of 79.89% and a negative net margin of 60.43%. The firm had revenue of $15.15 million for the quarter, compared to analysts’ expectations of $14.41 million. As a group, equities analysts anticipate that Yogaworks will post -1.77 earnings per share for the current year.

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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