Yogaworks Inc (YOGA) Given Average Rating of “Hold” by Analysts

Yogaworks Inc (NASDAQ:YOGA) has earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $5.00.

A number of equities analysts recently weighed in on the company. ValuEngine upgraded Yogaworks from a “hold” rating to a “buy” rating in a research report on Thursday, July 12th. Guggenheim lowered Yogaworks from a “buy” rating to a “neutral” rating and set a $7.00 price target for the company. in a research report on Wednesday, August 15th. Finally, Cowen lowered Yogaworks from an “outperform” rating to a “market perform” rating in a research report on Monday, August 20th.

NASDAQ:YOGA opened at $1.09 on Friday. Yogaworks has a 1-year low of $0.99 and a 1-year high of $3.61.

Yogaworks (NASDAQ:YOGA) last released its quarterly earnings results on Tuesday, August 14th. The company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.12). Yogaworks had a negative net margin of 46.19% and a negative return on equity of 49.38%. The company had revenue of $14.87 million during the quarter, compared to analyst estimates of $13.54 million. Sell-side analysts predict that Yogaworks will post -1.21 EPS for the current fiscal 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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