LM Funding America (NASDAQ:LMFA) Stock Rating Upgraded by Wall Street Zen

LM Funding America (NASDAQ:LMFA) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other research analysts also recently issued reports about the stock. HC Wainwright raised shares of LM Funding America from a “neutral” rating to a “buy” rating and set a $5.00 target price on the stock in a research note on Friday, August 15th. Weiss Ratings restated a “sell (d-)” rating on shares of LM Funding America in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, LM Funding America currently has a consensus rating of “Hold” and an average price target of $5.00.

LM Funding America Trading Up 0.4%

NASDAQ LMFA opened at $0.97 on Friday. The firm has a market cap of $11.79 million, a PE ratio of -0.42 and a beta of 1.81. LM Funding America has a 1-year low of $0.75 and a 1-year high of $5.14. The stock has a 50-day moving average of $1.09 and a 200-day moving average of $1.66. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

LM Funding America (NASDAQ:LMFA) last posted its quarterly earnings results on Friday, November 14th. The financial services provider reported ($0.49) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.49). LM Funding America had a negative return on equity of 30.25% and a negative net margin of 83.44%.The business had revenue of $2.44 million for the quarter, compared to analyst estimates of $2.50 million. As a group, sell-side analysts forecast that LM Funding America will post -5.5 EPS for the current year.

Hedge Funds Weigh In On LM Funding America

Several hedge funds and other institutional investors have recently modified their holdings of LMFA. Citadel Advisors LLC bought a new position in LM Funding America in the third quarter worth about $139,000. Anson Funds Management LP purchased a new position in shares of LM Funding America during the 3rd quarter worth approximately $1,608,000. Two Sigma Investments LP bought a new position in shares of LM Funding America in the 3rd quarter worth approximately $100,000. Sabby Management LLC purchased a new position in shares of LM Funding America in the 3rd quarter valued at approximately $728,000. Finally, GSA Capital Partners LLP purchased a new position in shares of LM Funding America in the 3rd quarter valued at approximately $70,000. Hedge funds and other institutional investors own 22.73% of the company’s stock.

About LM Funding America

LM Funding America, Inc operates as a cryptocurrency mining and specialty finance company. It operates through two segments, Specialty Finance and Mining Operations. The company also engages in Bitcoin mining operations; and provides funding to nonprofit community associations. The company was founded in 2008 and is based in Tampa, Florida.