XO Group Inc (XOXO) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $0.14 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.12. The company posted revenue of $38.70 million in the period, compared to analysts expectations of $38.90 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
Many Wall Street Analysts have commented on XO Group Inc. Company shares were Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 23 from a previous price target of $22 .
XO Group Inc opened for trading at $18.06 and hit $18.28 on the upside on Friday, eventually ending the session at $18.23, with a gain of 0.77% or 0.14 points. The heightened volatility saw the trading volume jump to 1,13,673 shares. Company has a market cap of $483 M.
In a different news, on Jul 18, 2016, David Liu (director) sold 9,900 shares at $17.61 per share price. According to the SEC, 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.