Leaf Group Ltd (NASDAQ:LFGR) Receives Consensus Rating of “Buy” from Brokerages
Shares of Leaf Group Ltd (NASDAQ:LFGR) have been given an average rating of “Buy” by the six research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $10.30.
LFGR has been the topic of several research reports. Jefferies Group LLC restated a “hold” rating and set a $9.00 price target on shares of Leaf Group in a research note on Friday, June 23rd. Zacks Investment Research lowered Leaf Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. B. Riley restated a “buy” rating and set a $10.50 price target on shares of Leaf Group in a research note on Friday. Finally, Craig Hallum set a $12.00 price target on Leaf Group and gave the company a “buy” rating in a research note on Saturday, June 17th.
Leaf Group (NASDAQ:LFGR) opened at 7.35 on Tuesday. The stock’s market capitalization is $146.57 million. The firm’s 50-day moving average is $7.74 and its 200-day moving average is $7.80. Leaf Group has a 12 month low of $5.30 and a 12 month high of $9.35.
Leaf Group (NASDAQ:LFGR) last released its earnings results on Thursday, August 3rd. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.03. The business had revenue of $28.57 million during the quarter, compared to analysts’ expectations of $27.83 million. Leaf Group had a negative return on equity of 53.54% and a negative net margin of 36.78%. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. On average, equities analysts expect that Leaf Group will post ($1.73) earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. bought a new position in Leaf Group during the second quarter valued at about $234,000. Bank of New York Mellon Corp raised its position in Leaf Group by 308.8% in the second quarter. Bank of New York Mellon Corp now owns 42,587 shares of the company’s stock valued at $333,000 after buying an additional 32,170 shares during the period. Emerald Mutual Fund Advisers Trust bought a new position in Leaf Group during the first quarter valued at about $905,000. Punch & Associates Investment Management Inc. raised its position 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. Finally, Royce & Associates LP raised its position 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.
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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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