Leaf Group (NYSE:LFGR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday.
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. “
Separately, ValuEngine raised Leaf Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Leaf Group has a consensus rating of “Hold” and an average target price of $10.06.
In other Leaf Group news, EVP Daniel J. Weinrot sold 4,500 shares of the stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $9.50, for a total transaction of $42,750.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sean P. Moriarty sold 16,414 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $7.67, for a total value of $125,895.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,151 shares of company stock valued at $265,249. 47.60% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of LFGR. State Street Corp purchased a new stake in Leaf Group during the 2nd quarter valued at $843,000. Northern Trust Corp boosted its stake in Leaf Group by 476.6% during the 2nd quarter. Northern Trust Corp now owns 122,614 shares of the technology company’s stock valued at $957,000 after purchasing an additional 101,348 shares during the last quarter. EAM Investors LLC purchased a new stake in Leaf Group during the 4th quarter valued at $439,000. TIAA CREF Investment Management LLC purchased a new stake in Leaf Group during the 2nd quarter valued at $252,000. Finally, Royce & Associates LP boosted its stake 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. Institutional investors and hedge funds own 67.55% of the company’s stock.
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About Leaf Group
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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