YogaWorks, Inc. (YOGA) Receives Average Recommendation of “Buy” from Brokerages
YogaWorks, Inc. (NASDAQ:YOGA) has been assigned an average recommendation of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $5.83.
A number of analysts have commented on YOGA shares. Cowen Inc started coverage on shares of YogaWorks in a research note on Tuesday, September 5th. They set an “outperform” rating and a $7.00 price objective for the company. DA Davidson started coverage on shares of YogaWorks in a research note on Wednesday, November 15th. They set a “neutral” rating and a $3.00 price objective for the company. Imperial Capital started coverage on shares of YogaWorks in a research note on Friday, November 3rd. They set an “outperform” rating and a $5.00 price objective for the company. Guggenheim started coverage on shares of YogaWorks in a research note on Tuesday, September 5th. They set a “buy” rating and a $7.00 price objective for the company. Finally, Zacks Investment Research raised shares of YogaWorks from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a research note on Wednesday, November 8th.
YogaWorks (NASDAQ YOGA) opened at $2.49 on Tuesday. YogaWorks has a 12-month low of $2.35 and a 12-month high of $5.85.
A hedge fund recently bought a new stake in YogaWorks stock. Cowen Inc. purchased a new position in YogaWorks, Inc. (NASDAQ:YOGA) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,035,000 shares of the company’s stock, valued at approximately $2,867,000. Cowen Inc. owned approximately 6.31% of YogaWorks at the end of the most recent reporting period. Hedge funds and other institutional investors own 2.28% of the company’s stock.
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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