Leaf Group Ltd (LFGR) Given Average Recommendation of “Buy” by Analysts
Leaf Group Ltd (NYSE:LFGR) has received a consensus rating of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $10.04.
Several analysts recently issued reports on the company. Zacks Investment Research raised Leaf Group from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a research note on Wednesday, October 4th. ValuEngine raised Leaf Group from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st.
In other Leaf Group news, EVP Daniel J. Weinrot sold 4,500 shares of Leaf Group stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $9.50, for a total transaction of $42,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 7,891 shares of company stock worth $69,118. Insiders own 47.60% of the company’s stock.
Shares of Leaf Group (NYSE:LFGR) opened at $9.20 on Friday. The stock has a market capitalization of $193.49, a PE ratio of -5.79 and a beta of 0.44. Leaf Group has a 12 month low of $6.25 and a 12 month high of $10.15.
Leaf Group (NYSE:LFGR) last posted its earnings results on Tuesday, November 7th. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.11. The company had revenue of $33.50 million for the quarter, compared to analysts’ expectations of $30.93 million. Leaf Group had a negative return on equity of 44.59% and a negative net margin of 25.98%. Leaf Group’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period last year, the firm earned ($0.41) earnings per share. equities analysts anticipate that Leaf Group will post -1.53 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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