Leaf Group (NYSE:LFGR) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.
Separately, Zacks Investment Research upgraded Leaf Group from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a research report on Thursday, November 23rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Leaf Group has a consensus rating of “Buy” and an average target price of $10.04.
Shares of Leaf Group (NYSE LFGR) opened at $9.05 on Friday. The stock has a market capitalization of $182.36 and a price-to-earnings ratio of -5.73. Leaf Group has a 52 week low of $6.35 and a 52 week high of $10.15.
Leaf Group (NYSE:LFGR) last posted its quarterly earnings data on Tuesday, November 7th. The technology company reported ($0.33) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.44) by $0.11. The company had revenue of $33.50 million during the quarter, compared to analyst estimates of $30.93 million. Leaf Group had a negative return on equity of 44.59% and a negative net margin of 25.98%. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.41) earnings per share. equities analysts anticipate that Leaf Group will post -1.53 earnings per share for the current fiscal year.
In other news, EVP Daniel J. Weinrot sold 4,500 shares of Leaf Group stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $9.50, for a total value of $42,750.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sean P. Moriarty sold 3,453 shares of Leaf Group stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $9.17, for a total value of $31,664.01. The disclosure for this sale can be found here. Insiders have sold 11,544 shares of company stock worth $104,007 in the last 90 days. Company insiders own 47.60% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in LFGR. Schwab Charles Investment Management Inc. purchased a new position in shares of Leaf Group in the second quarter worth about $234,000. Bank of New York Mellon Corp increased its holdings in shares of 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 buying an additional 32,170 shares during the period. Teachers Advisors LLC purchased a new position in shares of Leaf Group in the second quarter worth about $168,000. TIAA CREF Investment Management LLC purchased a new position in shares of Leaf Group in the second quarter worth about $252,000. Finally, Northern Trust Corp increased its holdings in shares of Leaf Group by 476.6% in the second quarter. Northern Trust Corp now owns 122,614 shares of the technology company’s stock worth $957,000 after buying an additional 101,348 shares during the period. Hedge funds and other institutional investors own 62.71% of the company’s stock.
WARNING: “ValuEngine Upgrades Leaf Group (LFGR) to “Hold”” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.dispatchtribunal.com/2018/02/03/valuengine-upgrades-leaf-group-lfgr-to-hold.html.
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.
Receive News & Ratings for Leaf Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leaf Group and related companies with MarketBeat.com's FREE daily email newsletter.