Leaf Group (LFGR) Raised to Hold at ValuEngine

ValuEngine upgraded shares of Leaf Group (NYSE:LFGR) from a sell rating to a hold rating in a research note issued to investors on Sunday, December 31st.

Separately, Zacks Investment Research raised shares of Leaf Group from a hold rating to a buy rating and set a $8.75 price target on the stock in a research note on Thursday, November 23rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $10.04.

Leaf Group (LFGR) remained flat at $$9.30 during trading on Friday. The stock had a trading volume of 33,400 shares, compared to its average volume of 34,843. The stock has a market cap of $192.46, a P/E ratio of -5.85 and a beta of 0.44. Leaf Group has a 1 year low of $6.25 and a 1 year high of $10.15.

Leaf Group (NYSE:LFGR) last posted its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.33) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.11. The company had revenue of $33.50 million for the quarter, compared to the consensus estimate of $30.93 million. Leaf Group had a negative net margin of 25.98% and a negative return on equity of 44.59%. The firm’s revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.41) EPS. research analysts expect that Leaf Group will post -1.53 EPS for the current year.

In other news, CEO Sean P. Moriarty sold 3,453 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $9.17, for a total value of $31,664.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Weinrot sold 4,500 shares of Leaf Group stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $9.50, for a total transaction of $42,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 11,344 shares of company stock worth $100,782 in the last three months. Insiders own 47.60% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP lifted its stake in Leaf Group by 3.5% during the 3rd quarter. Royce & Associates LP now owns 956,716 shares of the technology company’s stock valued at $6,601,000 after acquiring an additional 32,000 shares during the period. Emerald Mutual Fund Advisers Trust lifted its stake in Leaf Group by 58.5% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 286,649 shares of the technology company’s stock valued at $1,978,000 after acquiring an additional 105,840 shares during the period. California State Teachers Retirement System acquired a new stake in Leaf Group during the 2nd quarter valued at approximately $164,000. State Street Corp acquired a new stake in Leaf Group during the 2nd quarter valued at approximately $843,000. Finally, Punch & Associates Investment Management Inc. lifted its stake in Leaf Group by 3.1% during the 2nd quarter. Punch & Associates Investment Management Inc. now owns 607,400 shares of the technology company’s stock valued at $4,738,000 after acquiring an additional 18,195 shares during the period. Institutional investors own 63.43% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Leaf Group (NYSE:LFGR)

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