XO Group (NYSE:XOXO) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research lowered shares of XO Group (NYSE:XOXO) from a hold rating to a sell rating in a research report released on Saturday, January 6th.

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 recently commented on XOXO. Roth Capital reissued a neutral rating and issued a $20.50 price objective on shares of XO Group in a research note on Thursday, October 12th. B. Riley raised their target price on shares of XO Group from $16.75 to $19.00 and gave the stock a neutral rating in a report on Wednesday, November 1st. Finally, BidaskClub upgraded shares of XO Group from a buy rating to a strong-buy rating in a report on Thursday, September 28th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. XO Group has a consensus rating of Hold and an average target price of $19.38.

Shares of XO Group (NYSE XOXO) remained flat at $$19.16 during midday trading on Friday. The company’s stock had a trading volume of 40,300 shares, compared to its average volume of 69,922. The stock has a market capitalization of $492.42, a PE ratio of 58.06, a PEG ratio of 2.61 and a beta of 0.92. XO Group has a 1 year low of $14.99 and a 1 year high of $20.96.

XO Group (NYSE:XOXO) last announced its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. The firm had revenue of $40.24 million during the quarter, compared to analysts’ expectations of $40.58 million. XO Group had a net margin of 5.35% and a return on equity of 5.55%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 earnings per share. analysts anticipate that XO Group will post 0.32 earnings per share for the current year.

Several institutional investors have recently modified their holdings of XOXO. Macquarie Group Ltd. purchased a new stake in XO Group during the 3rd quarter worth approximately $132,000. BNP Paribas Arbitrage SA grew its position 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 purchasing an additional 4,209 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in XO Group during the 2nd quarter worth approximately $302,000. Alliancebernstein L.P. purchased a new stake in XO Group during the 2nd quarter worth approximately $319,000. Finally, Voya Investment Management LLC grew its position in XO Group by 9.6% during the 2nd quarter. Voya Investment Management LLC now owns 18,136 shares of the specialty retailer’s stock worth $320,000 after purchasing an additional 1,593 shares during the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

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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).

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