Zacks Investment Research cut shares of XO Group (NYSE:XOXO) from a hold rating to a sell rating in a report published on Saturday morning.
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 brokerages have also commented on XOXO. Roth Capital reissued a neutral rating and set a $20.50 price target on shares of XO Group in a report on Thursday, October 12th. B. Riley raised their target price on XO Group from $16.75 to $19.00 and gave the company a neutral rating in a research note on Wednesday, November 1st. Finally, BidaskClub raised XO Group from a buy rating to a strong-buy rating in a research note on Thursday, September 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $19.38.
Shares of XO Group (NYSE:XOXO) traded up $0.04 on Friday, hitting $18.91. The stock had a trading volume of 53,654 shares, compared to its average volume of 77,720. The firm has a market capitalization of $484.96, a price-to-earnings ratio of 57.30, a price-to-earnings-growth ratio of 2.57 and a beta of 0.92. XO Group has a 52 week low of $14.99 and a 52 week high of $20.99.
XO Group (NYSE:XOXO) last issued its quarterly earnings results on Tuesday, October 31st. The specialty retailer reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $40.24 million for the quarter, compared to analyst estimates of $40.58 million. XO Group had a return on equity of 5.55% and a net margin of 5.35%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. research analysts anticipate that XO Group will post 0.32 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. acquired a new position in shares of XO Group in the 3rd quarter valued at $132,000. BNP Paribas Arbitrage SA boosted its position in shares of XO Group by 88.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,943 shares of the specialty retailer’s stock valued at $158,000 after purchasing an additional 4,209 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of XO Group in the 2nd quarter valued at $302,000. Alliancebernstein L.P. acquired a new position in shares of XO Group in the 2nd quarter valued at $319,000. Finally, Voya Investment Management LLC boosted its position in shares of XO Group by 9.6% in the 2nd quarter. Voya Investment Management LLC now owns 18,136 shares of the specialty retailer’s stock valued at $320,000 after purchasing an additional 1,593 shares during the period. 84.43% of the stock is owned by institutional investors and hedge funds.
XO Group Company Profile
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for XO Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XO Group and related companies with MarketBeat.com's FREE daily email newsletter.