Update On The Knot Inc. (KNOT)
According to a research report released by William Blair & Co., the Knot Inc. (NASDAQ: KNOT) has unveiled two new products, WeddingChannel.com, and its universal registry site, GiftRegistry360.com.
According to the report, WeddingChannel.com is a user-generated vendor review search engine, "which leverages the personal experiences of TheKnot.com and WeddingChannel.com's community to populate reviews for more than 100,000 wedding industry vendors."
William Blair & Co. said that they believe GiftRegistry360.com "will contribute to growth in the registry segment." The firm said that while they believe these new product additions are positive developments for the company, they are maintaining their Market Perform rating.
During today's trading session, KNOT shares have gained 0.62% to $8.06. This is a small cap company and an aggressive growth stock which could provide investors willing to take some risk with outsized returns in future years.
