Yogaworks (YOGA) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Yogaworks (NASDAQ:YOGA) from a hold rating to a buy rating in a report released on Saturday morning. They currently have $0.75 target price 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. “

Separately, ValuEngine upgraded Yogaworks from a hold rating to a buy rating in a research report on Tuesday, October 2nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $3.58.

YOGA traded up $0.04 during trading on Friday, hitting $0.59. The company’s stock had a trading volume of 70,992 shares, compared to its average volume of 153,739. Yogaworks has a 12 month low of $0.37 and a 12 month high of $3.10.

Yogaworks (NASDAQ:YOGA) last issued its quarterly earnings data on Wednesday, November 14th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.55). Yogaworks had a negative net margin of 60.43% and a negative return on equity of 79.89%. The business had revenue of $15.15 million during the quarter, compared to the consensus estimate of $14.41 million. On average, equities research analysts forecast 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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