XO Group (NYSE:XOXO) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of XO Group (NYSE:XOXO) from a hold rating to a sell rating in a research note issued to investors on Saturday, January 6th.

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 research firms have also commented on XOXO. BidaskClub raised XO Group from a buy rating to a strong-buy rating in a research report on Thursday, September 28th. B. Riley lifted their target price on XO Group from $16.75 to $19.00 and gave the company a neutral rating in a research report on Wednesday, November 1st. Finally, Roth Capital reissued a neutral rating and issued a $20.50 target price on shares of XO Group in a research report on Thursday, October 12th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. XO Group currently has a consensus rating of Hold and an average target price of $19.38.

XO Group (XOXO) opened at $19.16 on Friday. XO Group has a 1-year low of $14.99 and a 1-year high of $20.96. The stock has a market capitalization of $492.42, a PE ratio of 58.06, a P/E/G ratio of 2.61 and a beta of 0.92.

XO Group (NYSE:XOXO) last released its earnings results on Tuesday, October 31st. The specialty retailer reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 earnings per share. equities analysts expect that XO Group will post 0.32 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. acquired a new stake in XO Group during the 3rd quarter worth approximately $132,000. BNP Paribas Arbitrage SA lifted its holdings in XO Group by 88.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,943 shares of the specialty retailer’s stock worth $158,000 after purchasing an additional 4,209 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in XO Group during the 2nd quarter worth approximately $302,000. Alliancebernstein L.P. acquired a new stake in XO Group during the 2nd quarter worth approximately $319,000. Finally, Voya Investment Management LLC lifted its holdings in XO Group by 9.6% during the 2nd quarter. Voya Investment Management LLC now owns 18,136 shares of the specialty retailer’s stock worth $320,000 after purchasing an additional 1,593 shares during the last quarter. 84.43% of the stock is owned by institutional investors and hedge funds.

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About XO Group

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).

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