Leafly (NASDAQ:LFLY) Stock Price Down 3% – Time to Sell?

Shares of Leafly Holdings, Inc. (NASDAQ:LFLY) dropped 3% on Friday . The company traded as low as $1.46 and last traded at $1.47. Approximately 19,459 shares were traded during trading, a decline of 95% from the average daily volume of 399,113 shares. The stock had previously closed at $1.52.

Analyst Ratings Changes

Separately, Westpark Capital reissued a “buy” rating and issued a $9.18 target price on shares of Leafly in a report on Friday, November 8th.

Leafly Trading Down 3.0 %

The company has a market cap of $4.52 million, a PE ratio of -0.63 and a beta of 0.95. The business’s 50 day moving average is $1.82 and its two-hundred day moving average is $1.96.

Institutional Trading of Leafly

An institutional investor recently bought a new position in Leafly stock. Renaissance Technologies LLC bought a new position in Leafly Holdings, Inc. (NASDAQ:LFLY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,301 shares of the company’s stock, valued at approximately $33,000. Renaissance Technologies LLC owned approximately 0.66% of Leafly as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 15.55% of the company’s stock.

About Leafly

Leafly Holdings, Inc owns and operates a platform to provide consumers with cannabis information and connects consumers to cannabis brands and licensed retailers. The company offers subscription-based marketplace listings, digital advertising solutions, and software as a service-based tools to cannabis retailers; and information, reviews, menus, and ordering and delivery options to its audience through its website and mobile applications.