Zacks Investment Research upgraded shares of Leaf Group Ltd (NASDAQ:LFGR) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday. Zacks Investment Research currently has $7.50 target price on the stock.
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. “
Leaf Group (NASDAQ:LFGR) traded down 0.78% during trading on Tuesday, reaching $6.40. 16,176 shares of the company’s stock traded hands. Leaf Group has a 12 month low of $4.41 and a 12 month high of $7.40. The company has a 50-day moving average of $6.71 and a 200 day moving average of $5.99.
In other news, CEO Sean P. Moriarty sold 5,300 shares of the business’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $6.43, for a total transaction of $34,079.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
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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