Leaf Group Ltd (LFGR) Receives Consensus Recommendation of “Buy” from Brokerages
Leaf Group Ltd (NASDAQ:LFGR) has been assigned an average recommendation of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $10.30.
LFGR has been the topic of a number of research reports. B. Riley reaffirmed a “buy” rating and issued a $10.50 price target on shares of Leaf Group in a research note on Wednesday, May 10th. Craig Hallum set a $12.00 price target on shares of Leaf Group and gave the company a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research raised shares of Leaf Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $9.00 price target on shares of Leaf Group in a research note on Friday, June 23rd.
In related news, CEO Sean P. Moriarty sold 67,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $6.72, for a total value of $450,240.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders sold a total of 72,558 shares of company stock worth $491,923 over the last ninety days.
A number of hedge funds and other institutional investors have recently modified their holdings of LFGR. California State Teachers Retirement System bought a new position in shares of Leaf Group during the second quarter worth $164,000. Teachers Advisors LLC bought a new position in shares of Leaf Group during the second quarter worth $168,000. Schwab Charles Investment Management Inc. bought a new position in shares of Leaf Group during the second quarter worth $234,000. TIAA CREF Investment Management LLC bought a new position in shares of Leaf Group during the second quarter worth $252,000. Finally, 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 worth $333,000 after buying an additional 32,170 shares during the period.
Leaf Group (NASDAQ LFGR) opened at 6.80 on Friday. The stock has a 50 day moving average price of $7.22 and a 200 day moving average price of $7.77. Leaf Group has a 12 month low of $5.30 and a 12 month high of $9.35. The stock’s market capitalization is $138.67 million.
Leaf Group (NASDAQ:LFGR) last issued its quarterly earnings results on Thursday, August 3rd. The company reported ($0.44) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.03. The company had revenue of $28.57 million during the quarter, compared to analysts’ expectations of $27.83 million. Leaf Group had a negative net margin of 31.38% and a negative return on equity of 52.73%. The firm’s revenue was up 16.9% on a year-over-year basis. Equities analysts predict that Leaf Group will post ($1.75) EPS for the current fiscal year.
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Leaf Group Company Profile
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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