Leafly (NASDAQ:LFLY) Stock Rating Reaffirmed by Westpark Capital

Westpark Capital reaffirmed their buy rating on shares of Leafly (NASDAQ:LFLY) in a report published on Monday, Marketbeat Ratings reports. The firm currently has a $9.18 price target on the stock.

Leafly Stock Down 7.3 %

Leafly stock opened at $1.90 on Monday. The company has a market capitalization of $4.68 million, a P/E ratio of -0.59 and a beta of 0.94. The stock’s 50 day moving average is $2.22 and its 200 day moving average is $2.57. Leafly has a twelve month low of $1.37 and a twelve month high of $16.00.

Institutional Trading of Leafly

A number of institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC bought a new stake in shares of Leafly in the 2nd quarter worth $33,000. Cohanzick Management LLC bought a new stake in shares of Leafly in the 4th quarter worth $139,000. Finally, AXS Investments LLC increased its holdings in shares of Leafly by 63.5% in the 4th quarter. AXS Investments LLC now owns 118,337 shares of the company’s stock worth $569,000 after purchasing an additional 45,963 shares in the last quarter. Institutional investors own 15.55% of the company’s stock.

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.