Leafly (NASDAQ:LFLY) Now Covered by Westpark Capital

Analysts at Westpark Capital assumed coverage on shares of Leafly (NASDAQ:LFLY – Get Rating) in a research report issued to clients and investors on Wednesday, The Fly reports. The firm set a “hold” rating on the stock.

Leafly Stock Up 3.0 %

LFLY stock opened at $0.34 on Wednesday. Leafly has a fifty-two week low of $0.31 and a fifty-two week high of $10.92. The firm’s 50-day simple moving average is $0.37 and its 200 day simple moving average is $0.55. The stock has a market cap of $13.96 million, a PE ratio of 1.00 and a beta of 1.28.

Leafly (NASDAQ:LFLY – Get Rating) last released its quarterly earnings data on Thursday, March 16th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The company had revenue of $12.11 million for the quarter, compared to analyst estimates of $12.20 million. Equities analysts forecast that Leafly will post -0.37 EPS for the current fiscal year.

Institutional Trading of Leafly

A number of large investors have recently modified their holdings of LFLY. Jane Street Group LLC acquired a new stake in shares of Leafly in the 4th quarter worth about $25,000. Fortis Capital Management LLC acquired a new position in Leafly during the 3rd quarter valued at about $28,000. Bank of New York Mellon Corp increased its stake in Leafly by 320.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 43,299 shares of the company’s stock valued at $29,000 after buying an additional 33,006 shares during the period. Nuveen Asset Management LLC acquired a new position in Leafly during the 3rd quarter valued at about $30,000. Finally, Bank of America Corp DE acquired a new position in Leafly during the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 16.52% of the company’s stock.

Leafly Company Profile

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