Leaf Group Ltd (LFGR) Downgraded to Sell at Zacks Investment Research

Leaf Group Ltd (NASDAQ:LFGR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday, May 11th.

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. “

Several other equities research analysts also recently weighed in on the company. B. Riley reissued a “buy” rating and issued a $10.50 price target on shares of Leaf Group in a report on Wednesday, May 10th. Jefferies Group LLC restated a “hold” rating and issued a $8.00 price objective on shares of Leaf Group in a research note on Tuesday, May 2nd. Roth Capital set a $10.00 price objective on Leaf Group and gave the stock a “buy” rating in a research note on Saturday, February 25th. Finally, Loop Capital began coverage on Leaf Group in a research note on Tuesday, February 14th. They issued a “buy” rating and a $10.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Leaf Group presently has a consensus rating of “Hold” and a consensus target price of $9.45.

Leaf Group (NASDAQ:LFGR) opened at 8.05 on Thursday. The stock’s market cap is $160.53 million. Leaf Group has a 52-week low of $5.10 and a 52-week high of $9.35. The stock has a 50 day moving average price of $8.10 and a 200 day moving average price of $7.32.

Leaf Group (NASDAQ:LFGR) last issued its quarterly earnings data on Thursday, May 4th. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by $0.19. The company had revenue of $27.23 million during the quarter, compared to the consensus estimate of $26.53 million. Leaf Group’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.59) earnings per share. Analysts expect that Leaf Group will post ($1.74) EPS for the current fiscal year.

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In related news, CEO Sean P. Moriarty sold 8,780 shares of Leaf Group stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $7.99, for a total transaction of $70,152.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 12,889 shares of company stock valued at $102,925.

A number of hedge funds have recently modified their holdings of the stock. Integral Derivatives LLC acquired a new stake in shares of Leaf Group during the fourth quarter valued at approximately $177,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Leaf Group during the first quarter worth about $905,000. Vanguard Group Inc. raised its stake in shares of Leaf Group by 1.5% in the first quarter. Vanguard Group Inc. now owns 502,306 shares of the company’s stock worth $3,768,000 after buying an additional 7,486 shares in the last quarter. Punch & Associates Investment Management Inc. raised its stake in shares of Leaf Group by 1.5% in the first quarter. Punch & Associates Investment Management Inc. now owns 589,205 shares of the company’s stock worth $4,419,000 after buying an additional 8,605 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of Leaf Group by 1.4% in the first quarter. Royce & Associates LP now owns 967,216 shares of the company’s stock worth $7,254,000 after buying an additional 13,193 shares in the last quarter.

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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