Yogaworks Inc’s Lock-Up Period Set To Expire Tomorrow (NASDAQ:YOGA)
Yogaworks’ (NASDAQ:YOGA) lock-up period will end on Wednesday, February 7th. Yogaworks had issued 7,300,000 shares in its IPO on August 11th. The total size of the offering was $40,150,000 based on an initial share price of $5.50. After the expiration of Yogaworks’ lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Yogaworks from a “buy” rating to a “hold” rating in a research report on Saturday, November 18th. Imperial Capital assumed coverage on shares of Yogaworks in a research report on Friday, November 3rd. They set an “outperform” rating and a $5.00 target price for the company. Finally, DA Davidson began coverage on shares of Yogaworks in a research report on Wednesday, November 15th. They set a “neutral” rating and a $3.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $5.46.
Yogaworks (NASDAQ:YOGA) opened at $2.73 on Tuesday. Yogaworks has a fifty-two week low of $2.22 and a fifty-two week high of $5.85.
An institutional investor recently bought a new position in Yogaworks stock. Cowen Inc. purchased a new position in Yogaworks Inc (NASDAQ:YOGA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,035,000 shares of the company’s stock, valued at approximately $2,867,000. Cowen Inc. owned about 6.31% of Yogaworks at the end of the most recent quarter. Hedge funds and other institutional investors own 91.50% of the company’s stock.
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Yogaworks Company Profile
YogaWorks, Inc is a yoga instruction company. The Company provides yoga instruction in the United States with 50 company-owned studios as well as its Internet-based digital media service, MyYogaWorks.com. Its classes are designed to safely challenge practitioners of all levels, making yoga accessible to a diverse population ranging from beginners and casual practitioners to seasoned yogis and professional athletes.
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