YogaWorks, Inc. (YOGA) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of YogaWorks, Inc. (NASDAQ:YOGA) from a hold rating to a buy rating in a report published on Wednesday. The firm currently has $3.25 price target on the stock.

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. “

A number of other research analysts have also recently commented on YOGA. Imperial Capital initiated coverage on YogaWorks in a research note on Friday, November 3rd. They set an outperform rating and a $5.00 price target on the stock. Cowen and Company initiated coverage on YogaWorks in a research note on Tuesday, September 5th. They issued an outperform rating and a $7.00 price objective on the stock. Roth Capital initiated coverage on YogaWorks in a research note on Tuesday, September 5th. They issued a buy rating and a $7.00 price objective on the stock. Stephens initiated coverage on YogaWorks in a research note on Tuesday, September 5th. They issued an overweight rating and a $6.00 price objective on the stock. Finally, Guggenheim initiated coverage on YogaWorks in a research note on Tuesday, September 5th. They issued a buy rating and a $7.00 price objective on the stock. Six analysts have rated the stock with a buy rating, YogaWorks has a consensus rating of Buy and a consensus target price of $5.88.

YogaWorks (NASDAQ:YOGA) opened at $2.80 on Wednesday. YogaWorks has a 52 week low of $2.41 and a 52 week high of $5.85.

YogaWorks (NASDAQ:YOGA) last released its quarterly earnings results on Thursday, September 21st. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.02). The business had revenue of $12.50 million during the quarter, compared to the consensus estimate of $12.49 million. The business’s revenue was down 6.0% compared to the same quarter last year. equities research analysts predict that YogaWorks will post -1.25 EPS for the current 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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