Brokerage firm B. Riley Downgrades its rating on XO Group Inc(NYSE:XOXO). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by B. Riley was issued on Jul 21, 2016.
XO Group Inc (XOXO) made into the market gainers list on Wednesdays trading session with the shares advancing 2.98% or 0.55 points. Due to strong positive momentum, the stock ended at $18.98, which is also near the day’s high of $19.16. The stock began the session at $18.6 and the volume stood at 1,93,475 shares. The 52-week high of the shares is $19.16 and the 52 week low is $13.55. The company has a current market capitalization of $503 M and it has 2,64,98,703 shares in outstanding.
XO Group Inc(XOXO) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $35.67M. Analysts had an estimated revenue of $34.70M. Earnings per share were $0.08. Analysts had estimated an EPS of $0.07.
Several Insider Transactions has been reported to the SEC. On Jul 18, 2016, David Liu (director) sold 9,900 shares at $17.61 per share price.Also, On Jun 8, 2016, Iorio Nic Di (Chief Technology Officer) sold 5,000 shares at $17.13 per share price.On Nov 30, 2015, Gillian Munson (Chief Financial Officer) sold 3,275 shares at $16.92 per share price, according to the Form-4 filing with the securities and exchange commission.
XO Group Inc. is a consumer Internet and media company. The Company guides couples through transformative life stages from getting married to moving in together and having a baby through its multi-platform brands including The Knot The Bump and The Nest. The Company offers consumer Internet multiplatform media services to the wedding pregnancy and parenting and nesting markets. The Company reaches its audience through several platforms including online properties mobile applications magazines and books and television and video which are available for all brands with the exception of mobile applications television and magazines for its Nest brand. The Company’s national digital advertising products include sponsored and brand-integrated content digital banner advertisements native banner advertising and direct e-mail marketing.