Leaf Group Ltd. (NYSE:LFGR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The firm currently has a $8.75 price target on the technology company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 13.64% from the company’s previous close.
According to Zacks, “Leaf Group Ltd. is an internet company. It builds platforms across marketplace which consists of Society6 and Saatchi Art and media which include Livestrong.com and eHow properties. Leaf Group Ltd., formerly known as Demand Media Inc., is headquartered in Santa Monica, California. “
Several other analysts have also recently commented on the stock. ValuEngine upgraded shares of Leaf Group from a “sell” rating to a “hold” rating in a research note on Tuesday. B. Riley reiterated a “buy” rating and issued a $10.50 price target on shares of Leaf Group in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Leaf Group presently has an average rating of “Buy” and an average price target of $10.04.
Leaf Group (NYSE:LFGR) last issued its earnings results on Tuesday, November 7th. The technology company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.11. The company had revenue of $33.50 million during the quarter, compared to the consensus estimate of $30.93 million. Leaf Group had a negative net margin of 25.98% and a negative return on equity of 44.59%. Leaf Group’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.41) EPS. sell-side analysts anticipate that Leaf Group will post -1.75 earnings per share for the current fiscal year.
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A number of large investors have recently modified their holdings of the stock. Royce & Associates LP grew its holdings in Leaf Group by 3.5% during the 3rd quarter. Royce & Associates LP now owns 956,716 shares of the technology company’s stock valued at $6,601,000 after purchasing an additional 32,000 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its holdings in Leaf Group by 58.5% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 286,649 shares of the technology company’s stock valued at $1,978,000 after purchasing an additional 105,840 shares during the last quarter. California State Teachers Retirement System bought a new position in Leaf Group during the 2nd quarter valued at about $164,000. State Street Corp bought a new position in Leaf Group during the 2nd quarter valued at about $843,000. Finally, Punch & Associates Investment Management Inc. grew its holdings in Leaf Group by 3.1% during the 2nd quarter. Punch & Associates Investment Management Inc. now owns 607,400 shares of the technology company’s stock valued at $4,738,000 after purchasing an additional 18,195 shares during the last quarter. Institutional investors own 63.32% of the company’s stock.
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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