XO Group, Inc. (XOXO) Downgraded to Sell at Zacks Investment Research

XO Group, Inc. (NYSE:XOXO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, November 8th.

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 weighed in on XOXO. B. Riley restated a “neutral” rating and issued a $16.75 price objective on shares of XO Group in a report on Sunday, August 6th. BidaskClub upgraded XO Group from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Roth Capital set a $21.00 price objective on XO Group and gave the company a “buy” rating in a report on Tuesday, August 1st. Finally, ValuEngine upgraded XO Group from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.50.

Shares of XO Group (NYSE:XOXO) traded down $0.07 during trading hours on Wednesday, hitting $19.37. The stock had a trading volume of 48,767 shares, compared to its average volume of 106,624. XO Group has a 52-week low of $14.99 and a 52-week high of $20.99. The stock has a market cap of $499.61, a price-to-earnings ratio of 52.54, a price-to-earnings-growth ratio of 4.01 and a beta of 0.94.

XO Group (NYSE:XOXO) last announced its earnings results on Tuesday, October 31st. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. XO Group had a return on equity of 5.55% and a net margin of 5.35%. The firm had revenue of $40.24 million for the quarter, compared to analyst estimates of $40.58 million. During the same quarter last year, the firm posted $0.07 EPS. The business’s revenue was up 9.5% on a year-over-year basis. equities analysts expect that XO Group will post 0.32 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Harbour Capital Advisors LLC increased its stake in shares of XO Group by 1,662.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 6,167 shares of the specialty retailer’s stock worth $350,000 after acquiring an additional 5,817 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of XO Group in the 3rd quarter worth $132,000. BNP Paribas Arbitrage SA increased its stake 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 worth $158,000 after acquiring an additional 4,209 shares during the last quarter. First Quadrant L P CA acquired a new stake in shares of XO Group in the 2nd quarter worth $178,000. Finally, Thrivent Financial For Lutherans increased its stake in shares of XO Group by 3.1% in the 1st quarter. Thrivent Financial For Lutherans now owns 13,830 shares of the specialty retailer’s stock worth $238,000 after acquiring an additional 410 shares during the last quarter. 84.08% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “XO Group, Inc. (XOXO) Downgraded to Sell at Zacks Investment Research” was published by BBNS and is owned by of BBNS. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://baseballnewssource.com/markets/zacks-investment-research-lowers-xo-group-inc-xoxo-to-sell/1766516.html.

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).

Get a free copy of the Zacks research report on XO Group (XOXO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for XO Group (NYSE:XOXO)

Receive News & Ratings for XO Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XO Group Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot


Leave a Reply

 
© 2006-2017 BBNS.