Zacks Investment Research upgraded shares of XO Group, Inc. (NYSE:XOXO) from a sell rating to a hold rating in a report published on Saturday.
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 also recently weighed in on XOXO. Roth Capital reissued a neutral rating and issued a $20.50 price target on shares of XO Group in a research note on Thursday, October 12th. B. Riley increased their price target on XO Group from $16.75 to $19.00 and gave the company a neutral rating in a research note on Wednesday, November 1st. BidaskClub raised XO Group from a buy rating to a strong-buy rating in a research note on Thursday, September 28th. Finally, ValuEngine raised XO Group from a sell rating to a hold rating in a research note on Friday, September 1st. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. XO Group presently has a consensus rating of Hold and an average target price of $20.50.
XO Group (NYSE:XOXO) last posted its quarterly earnings results on Tuesday, October 31st. The specialty retailer reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. The company had revenue of $40.24 million for the quarter, compared to the consensus estimate of $40.58 million. XO Group had a return on equity of 5.55% and a net margin of 5.35%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.07 EPS. equities analysts forecast that XO Group will post 0.32 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “XO Group, Inc. (XOXO) Upgraded to Hold at Zacks Investment Research” was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://www.chaffeybreeze.com/2017/11/19/xo-group-inc-xoxo-upgraded-to-hold-at-zacks-investment-research.html.
Institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. acquired a new stake in XO Group during the 3rd quarter worth $132,000. BNP Paribas Arbitrage SA raised its stake 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 buying an additional 4,209 shares during the period. First Quadrant L P CA acquired a new stake in XO Group during the 2nd quarter worth $178,000. Thrivent Financial For Lutherans raised its stake in XO Group by 3.1% during the 1st quarter. Thrivent Financial For Lutherans now owns 13,830 shares of the specialty retailer’s stock worth $238,000 after buying an additional 410 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. acquired a new stake in XO Group during the 2nd quarter worth $302,000. 83.25% of the stock is currently owned by institutional investors and hedge funds.
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).
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 MarketBeat.com's FREE daily email newsletter.