Leaf Group Ltd (NASDAQ:LFGR) has been given an average broker rating score of 1.50 (Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and three have issued a strong buy recommendation on the company.
Analysts have set a 1 year consensus price objective of $9.30 for the company and are anticipating that the company will post ($0.31) earnings per share for the current quarter, according to Zacks. Zacks has also given Leaf Group an industry rank of 173 out of 265 based on the ratings given to related companies.
A number of brokerages have issued reports on LFGR. Jefferies Group LLC reissued a “hold” rating and issued a $8.00 target price on shares of Leaf Group in a report on Monday, March 27th. B. Riley reissued a “buy” rating and issued a $9.00 target price on shares of Leaf Group in a report on Wednesday, February 22nd. Zacks Investment Research raised shares of Leaf Group from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a report on Wednesday, March 1st. Roth Capital set a $10.00 target price on shares of Leaf Group and gave the stock a “buy” rating in a report on Saturday, February 25th. Finally, Loop Capital began coverage on shares of Leaf Group in a report on Tuesday, February 14th. They issued a “buy” rating and a $10.00 target price on the stock.
Shares of Leaf Group (NASDAQ:LFGR) traded up 1.89% during midday trading on Monday, hitting $8.10. The stock had a trading volume of 57,030 shares. Leaf Group has a one year low of $5.10 and a one year high of $8.35. The company’s market cap is $160.16 million. The firm has a 50 day moving average of $7.71 and a 200-day moving average of $6.86.
Leaf Group (NASDAQ:LFGR) last issued its earnings results on Thursday, February 23rd. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.10. The business had revenue of $34 million for the quarter, compared to analysts’ expectations of $34.18 million. During the same quarter in the prior year, the company earned ($0.15) earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. On average, analysts forecast that Leaf Group will post ($0.72) earnings per share for the current fiscal year.
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In other Leaf Group news, CEO Sean P. Moriarty sold 14,310 shares of the firm’s stock in a transaction dated Wednesday, January 18th. The shares were sold at an average price of $6.58, for a total value of $94,159.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 32,226 shares of company stock worth $231,853 in the last three months.
An institutional investor recently bought a new position in Leaf Group stock. Integral Derivatives LLC purchased a new stake in shares of Leaf Group Ltd (NASDAQ:LFGR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 26,950 shares of the company’s stock, valued at approximately $177,000. Integral Derivatives LLC owned approximately 0.13% of Leaf Group as of its most recent filing with the SEC.
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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