XO Group (XOXO) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of XO Group (NYSE:XOXO) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

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. “

Other equities analysts have also recently issued reports about the company. Aegis restated a hold rating and set a $34.00 price objective on shares of XO Group in a research note on Thursday, September 27th. ValuEngine raised XO Group from a buy rating to a strong-buy rating in a research report on Wednesday, September 26th. Roth Capital decreased their target price on XO Group from $29.00 to $26.00 and set a neutral rating for the company in a research report on Tuesday, July 31st. Finally, B. Riley lowered XO Group from a buy rating to a neutral rating and raised their target price for the company from $32.00 to $35.00 in a research report on Wednesday, September 26th. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $31.50.

Shares of XOXO traded down $0.08 during trading hours on Wednesday, reaching $34.46. The stock had a trading volume of 22,796 shares, compared to its average volume of 294,606. XO Group has a 12 month low of $17.49 and a 12 month high of $35.83. The stock has a market cap of $896.58 million, a P/E ratio of 88.40 and a beta of 0.75.

XO Group (NYSE:XOXO) last issued its earnings results on Thursday, November 1st. The specialty retailer reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. XO Group had a return on equity of 9.17% and a net margin of 8.17%. The company had revenue of $43.06 million for the quarter, compared to analysts’ expectations of $42.79 million. Analysts anticipate that XO Group will post 0.66 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in XOXO. Gabelli Funds LLC purchased a new stake in XO Group in the 3rd quarter worth about $14,655,000. Acadian Asset Management LLC grew its holdings in XO Group by 524.6% during the 2nd quarter. Acadian Asset Management LLC now owns 503,815 shares of the specialty retailer’s stock valued at $16,124,000 after buying an additional 423,150 shares in the last quarter. WINTON GROUP Ltd purchased a new position in XO Group during the 2nd quarter valued at about $12,113,000. BlackRock Inc. grew its holdings in XO Group by 9.3% during the 2nd quarter. BlackRock Inc. now owns 3,537,109 shares of the specialty retailer’s stock valued at $113,189,000 after buying an additional 300,896 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in XO Group during the 3rd quarter valued at about $7,987,000. 86.88% of the stock is owned by hedge funds and other institutional investors.

About XO Group

XO Group Inc provides multiplatform media and marketplace services to the wedding, pregnancy and parenting, and local entertainment markets primarily in the United States. It operates a network of Websites under various brands, including The Knot, which offers wedding resources and marketplaces through wedding Website and mobile apps, national and local wedding magazines, and nationally published books; and The Bump, a pregnancy and parenting brand that provides personalized information, content, and tools for navigating the journey from fertility to pregnancy and parenting through the toddler years.

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