Leaf Group Ltd. (LFGR) Receives Average Recommendation of “Buy” from Analysts
Shares of Leaf Group Ltd. (NYSE:LFGR) have earned a consensus rating of “Buy” from the six analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $10.30.
A number of equities research analysts have commented on the stock. Zacks Investment Research cut shares of Leaf Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. B. Riley restated a “buy” rating and issued a $10.50 price target on shares of Leaf Group in a report on Friday, August 4th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in LFGR. Dimensional Fund Advisors LP lifted its position in shares of Leaf Group by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,148,315 shares of the technology company’s stock valued at $8,612,000 after purchasing an additional 24,397 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its position in shares of Leaf Group by 49.8% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 180,809 shares of the technology company’s stock valued at $1,410,000 after purchasing an additional 60,100 shares in the last quarter. Schwab Charles Investment Management Inc. bought a new stake in Leaf Group in the second quarter worth 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 technology company’s stock worth $333,000 after acquiring an additional 32,170 shares during the period. Finally, Teachers Advisors LLC bought a new stake in Leaf Group in the second quarter worth about $168,000. 63.28% of the stock is currently owned by institutional investors.
Leaf Group (NYSE:LFGR) last posted its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.11. The business had revenue of $33.50 million during the quarter, compared to analysts’ expectations of $30.93 million. Leaf Group had a negative net margin of 25.98% and a negative return on equity of 44.59%. The business’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period last year, the company posted ($0.41) earnings per share. analysts anticipate that Leaf Group will post -1.75 earnings per share for the current year.
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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