Demand Media Inc. Sets New 1-Year Low at $4.72 (DMD)
Demand Media (NYSE:DMD) set a new 52-week low during trading on Thursday, StockRatingsNetwork reports. The stock traded as low as $4.72 and last traded at $4.77, with a volume of 371,688 shares. The stock had previously closed at $4.88.
A number of analysts have recently weighed in on DMD shares. Analysts at Jefferies Group cut their price target on shares of Demand Media from $8.00 to $6.00 in a research note to investors on Friday, August 9th. They now have a “hold” rating on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Demand Media from $10.00 to $5.00 in a research note to investors on Friday, August 9th. They now have a “hold” rating on the stock. Finally, analysts at Evercore Partners cut their price target on shares of Demand Media from $8.00 to $7.50 in a research note to investors on Thursday, August 8th. They now have an “equal weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $10.10.
Demand Media has a 52-week low of $5.79 and a 52-week high of $11.50. The stock’s 50-day moving average is $5.90 and its 200-day moving average is $7.12. The company has a market cap of $417.6 million and a P/E ratio of 46.04.
Demand Media (NYSE:DMD) last released its earnings data on Wednesday, August 7th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.01. The company had revenue of $97.00 million for the quarter, compared to the consensus estimate of $96.33 million. During the same quarter last year, the company posted $0.09 earnings per share. Demand Media’s revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Demand Media will post $0.29 earnings per share for the current fiscal year.
Demand Media, Inc (NYSE:DMD), is a diversified Internet media and domain services company.
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