Leafly (NASDAQ:LFLY) Trading Up 3.3%

Shares of Leafly Holdings, Inc. (NASDAQ:LFLY) were up 3.3% on Tuesday . The stock traded as high as $2.38 and last traded at $2.19. Approximately 14,452 shares were traded during trading, a decline of 96% from the average daily volume of 388,514 shares. The stock had previously closed at $2.12.

Wall Street Analysts Forecast Growth

Separately, Benchmark cut their price objective on shares of Leafly from $11.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, April 1st.

Leafly Price Performance

The company’s 50-day simple moving average is $2.05 and its 200-day simple moving average is $2.92. The company has a market cap of $5.22 million, a price-to-earnings ratio of -0.66 and a beta of 0.94.

Leafly (NASDAQ:LFLY) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($1.09) earnings per share (EPS) for the quarter. The business had revenue of $9.05 million for the quarter. During the same period in the prior year, the business earned ($2.80) earnings per share.

Institutional Trading of Leafly

A hedge fund recently bought a new stake in Leafly stock. Cohanzick Management LLC purchased a new position in shares of Leafly Holdings, Inc. (NASDAQ:LFLY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,932 shares of the company’s stock, valued at approximately $139,000. Cohanzick Management LLC owned approximately 1.33% of Leafly at the end of the most recent quarter. 15.55% of the stock is currently owned by hedge funds and other institutional investors.

About Leafly

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