Leaf Group Ltd. (NYSE:LFGR) has received a consensus rating of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $10.04.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Leaf Group from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a report on Wednesday, October 4th. ValuEngine raised shares of Leaf Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st.
Hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System acquired a new position in shares of Leaf Group in the 2nd quarter valued at about $164,000. Teachers Advisors LLC acquired a new position in shares of Leaf Group in the 2nd quarter valued at about $168,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Leaf Group in the 2nd quarter valued at about $234,000. TIAA CREF Investment Management LLC acquired a new position in shares of Leaf Group in the 2nd quarter valued at about $252,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Leaf Group by 308.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 42,587 shares of the technology company’s stock valued at $333,000 after buying an additional 32,170 shares during the period. 63.43% of the stock is owned by institutional investors.
Leaf Group (NYSE:LFGR) opened at $8.20 on Monday. Leaf Group has a one year low of $6.25 and a one year high of $9.35.
Leaf Group (NYSE:LFGR) last issued its earnings results on Tuesday, November 7th. The technology company reported ($0.33) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.44) by $0.11. Leaf Group had a negative net margin of 25.98% and a negative return on equity of 44.59%. The business had revenue of $33.50 million for the quarter, compared to the consensus estimate of $30.93 million. During the same quarter last year, the firm posted ($0.41) EPS. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. equities analysts predict that Leaf Group will post -1.53 earnings per share for the current year.
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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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