XO Group Inc (XOXO) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 23 from a previous price target of $22 . Stifel advised their investors in a research report released on May 5, 2016.
On the company’s financial health, XO Group Inc reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.06. The company had revenue of $35.70 million for the quarter, compared to analysts expectations of $34.69 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.
XO Group Inc opened for trading at $17.61 and hit $18.06 on the upside on Wednesday, eventually ending the session at $17.92, with a gain of 0.96% or 0.17 points. The heightened volatility saw the trading volume jump to 88,135 shares. Company has a market cap of $470 M.
In a different news, on Apr 14, 2016, David Liu (director) sold 14,991 shares at $16.60 per share price. According to the SEC, on Nov 30, 2015, Gillian Munson (Chief Financial Officer) sold 3,275 shares at $16.92 per share price. On May 14, 2015, Barbara Messing (director) purchased 4,500 shares at $16.26 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.