Demand Media Inc. (DMD) Receives Average Recommendation of “Buy” from Analysts
Demand Media Inc. (NYSE:DMD) has earned a consensus recommendation of “Buy” from the six research firms that are covering the stock. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $8.25.
Several equities analysts have recently commented on the stock. Jefferies Group restated a “hold” rating on shares of Demand Media in a research report on Monday, August 1st. TheStreet cut shares of Demand Media from a “hold” rating to an “e+” rating in a research report on Friday, July 29th. B. Riley restated a “buy” rating and issued a $9.00 target price on shares of Demand Media in a research report on Friday, August 5th. Craig Hallum assumed coverage on shares of Demand Media in a research report on Monday, September 12th. They issued a “buy” rating and a $10.00 target price for the company. Finally, Zacks Investment Research cut shares of Demand Media from a “hold” rating to a “sell” rating in a research report on Monday, June 20th.
Institutional investors have recently made changes to their positions in the stock. AXA boosted its position in shares of Demand Media by 11.3% in the first quarter. AXA now owns 31,951 shares of the company’s stock valued at $160,000 after buying an additional 3,251 shares during the period. BlackRock Fund Advisors raised its stake in Demand Media by 17.0% in the second quarter. BlackRock Fund Advisors now owns 34,839 shares of the company’s stock worth $180,000 after buying an additional 5,074 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in Demand Media during the second quarter worth approximately $162,000. Dimensional Fund Advisors LP raised its stake in Demand Media by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,092,100 shares of the company’s stock worth $5,646,000 after buying an additional 31,590 shares in the last quarter. Finally, Spark Investment Management LLC purchased a new stake in Demand Media during the second quarter worth approximately $338,000. Hedge funds and other institutional investors own 58.64% of the company’s stock.
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Demand Media (NYSE:DMD) traded up 0.85% during mid-day trading on Monday, hitting $5.95. 10,003 shares of the stock traded hands. The company has a 50 day moving average price of $5.75 and a 200-day moving average price of $5.57. The stock’s market capitalization is $121.31 million. Demand Media has a one year low of $4.08 and a one year high of $6.47.
Demand Media (NYSE:DMD) last issued its earnings results on Thursday, August 4th. The company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.12. The company earned $24.40 million during the quarter, compared to analysts’ expectations of $25.77 million. Demand Media had a negative net margin of 8.55% and a negative return on equity of 30.25%. The business’s revenue for the quarter was down 18.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.24) EPS. Equities analysts anticipate that Demand Media will post ($1.14) earnings per share for the current fiscal year.
About Demand Media
Demand Media, Inc is an Internet company. The Company builds platforms across its media and marketplaces properties to enable communities of creators to reach audiences in various lifestyle categories. The Company’s service offerings include Content and Media, and Marketplaces. Its Content and Media service offering includes its owned and operated online properties that publish media content.
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