Leaf Group Ltd (NASDAQ:LFGR) Upgraded to Hold at Zacks Investment Research
Leaf Group Ltd (NASDAQ:LFGR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.
According to Zacks, “Leaf Group Ltd. is an internet company. It builds platforms across marketplace which consists of Society6 and Saatchi Art and media which include Livestrong.com and eHow properties. Leaf Group Ltd., formerly known as Demand Media Inc., is headquartered in Santa Monica, California. “
Several other equities research analysts also recently weighed in on the company. Jefferies Group LLC reissued a “hold” rating and set a $8.00 price objective on shares of Leaf Group in a report on Monday, March 27th. B. Riley reissued a “buy” rating and set a $10.50 price objective on shares of Leaf Group in a report on Friday, May 5th. Finally, Craig Hallum set a $12.00 price objective on Leaf Group and gave the company a “buy” rating in a report on Saturday, June 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.04.
Shares of Leaf Group (NASDAQ LFGR) traded up 0.66% during trading on Thursday, hitting $7.65. The stock had a trading volume of 18,605 shares. The stock has a 50 day moving average price of $8.10 and a 200-day moving average price of $7.63. Leaf Group has a one year low of $5.20 and a one year high of $9.35. The stock’s market capitalization is $154.09 million.
Leaf Group (NASDAQ:LFGR) last issued its quarterly earnings results on Thursday, May 4th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.19. Leaf Group had a negative net margin of 36.78% and a negative return on equity of 53.54%. The business had revenue of $27.23 million during the quarter, compared to the consensus estimate of $26.53 million. During the same quarter in the previous year, the business posted ($0.59) EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts predict that Leaf Group will post ($1.76) earnings per share for the current year.
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Several large investors have recently added to or reduced their stakes in the stock. Oak Management Corp purchased a new stake in Leaf Group during the fourth quarter valued at $29,390,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Leaf Group during the first quarter valued at $905,000. Dimensional Fund Advisors LP increased its stake in Leaf Group by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,148,315 shares of the company’s stock valued at $8,612,000 after buying an additional 24,397 shares during the period. Royce & Associates LP increased its stake in Leaf Group by 1.4% in the first quarter. Royce & Associates LP now owns 967,216 shares of the company’s stock valued at $7,254,000 after buying an additional 13,193 shares during the period. Finally, Punch & Associates Investment Management Inc. increased its stake in Leaf Group by 1.5% in the first quarter. Punch & Associates Investment Management Inc. now owns 589,205 shares of the company’s stock valued at $4,419,000 after buying an additional 8,605 shares during the period.
About Leaf Group
Leaf Group Ltd., formerly Demand Media, Inc, is diversified Internet marketplaces and media company. The Company has online media properties and marketplace platforms that enable communities of creators to reach audiences in lifestyle categories. The Company operates an online studio platform for the professional creation and distribution of content, as well as two online artist marketplaces.
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