Yogaworks (YOGA) Shares Up 5.1%
Shares of Yogaworks Inc (NASDAQ:YOGA) shot up 5.1% during mid-day trading on Monday . The stock traded as high as $1.00 and last traded at $0.82. 1,021,100 shares were traded during mid-day trading, an increase of 609% from the average session volume of 144,015 shares. The stock had previously closed at $0.78.
Several research firms have issued reports on YOGA. ValuEngine lowered Yogaworks from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Imperial Capital dropped their price objective on Yogaworks from $3.50 to $2.00 and set an “outperform” rating on the stock in a research note on Thursday, April 4th. Finally, Zacks Investment Research lowered Yogaworks from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $3.25.
The company has a market cap of $13.04 million, a PE ratio of -0.38 and a beta of 1.58.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wedbush Securities Inc. increased its stake in shares of Yogaworks by 108.3% during the first quarter. Wedbush Securities Inc. now owns 47,026 shares of the company’s stock worth $43,000 after purchasing an additional 24,447 shares during the period. Hayden Royal LLC bought a new position in shares of Yogaworks during the first quarter worth approximately $46,000. Finally, Mount Vernon Associates Inc. MD bought a new position in shares of Yogaworks during the first quarter worth approximately $193,000. Institutional investors own 6.61% of the company’s stock.
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About Yogaworks (NASDAQ:YOGA)
YogaWorks, Inc operates yoga studios under the YogaWorks and Yoga Tree brand names in the United States. It primarily provides yoga classes, workshops, teacher training programs, and yoga-related retail merchandise. The company offers online yoga instruction and programming services through its MyYogaWorks Web platform.
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