Demand Media Rating Lowered to Underperform at Zacks (DMD)
Demand Media (NYSE:DMD) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Friday, AnalystRatingsNetwork.com reports. They currently have a $5.20 price target on the stock. Zacks‘ target price points to a potential downside of 5.28% from the company’s previous close.
Demand Media (NYSE:DMD) remained flat at $5.49 during trading on Friday. The stock had a trading volume of 102,767 shares. Demand Media has a 52 week low of $4.72 and a 52 week high of $9.75. The stock has a 50-day moving average of $5.51 and a 200-day moving average of $5.95. The company’s market cap is $492.8 million.
Demand Media (NYSE:DMD) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.04 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.04. The company had revenue of $92.40 million for the quarter, compared to the consensus estimate of $94.57 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. On average, analysts predict that Demand Media will post $0.26 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at JMP Securities upgraded shares of Demand Media from an “underperform” rating to a “market perform” rating in a research note to investors on Wednesday, December 11th. They now have a $7.50 price target on the stock. They noted that the move was a valuation call. Separately, analysts at RBC Capital cut their price target on shares of Demand Media from $12.00 to $10.00 in a research note to investors on Friday, November 8th. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Demand Media from $6.00 to $5.00 in a research note to investors on Friday, November 8th. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $7.74.
Demand Media, Inc (NYSE:DMD), is a diversified Internet media and domain services company.
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