Wall Street analysts expect that Leaf Group Ltd (NASDAQ:LFGR) will post $27.59 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Leaf Group’s earnings. The highest sales estimate is $28.59 million and the lowest is $26.40 million. Leaf Group posted sales of $24.44 million during the same quarter last year, which indicates a positive year over year growth rate of 12.9%. The business is expected to report its next quarterly earnings results on Thursday, August 3rd.

On average, analysts expect that Leaf Group will report full year sales of $27.59 million for the current year, with estimates ranging from $124.62 million to $132.25 million. For the next financial year, analysts anticipate that the firm will post sales of $146.57 million per share, with estimates ranging from $140.70 million to $154.16 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Leaf Group.

Leaf Group (NASDAQ:LFGR) last posted its quarterly earnings data on Thursday, May 4th. The company reported ($0.50) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.19. Leaf Group had a negative return on equity of 53.54% and a negative net margin of 36.78%. The business had revenue of $27.23 million during the quarter, compared to the consensus estimate of $26.53 million. During the same period last year, the business posted ($0.59) earnings per share. The business’s revenue was up 1.0% on a year-over-year basis.

A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Leaf Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. B. Riley reiterated a “buy” rating and set a $10.50 target price on shares of Leaf Group in a report on Friday, May 5th. Jefferies Group LLC reiterated a “hold” rating and set a $8.00 target price on shares of Leaf Group in a report on Tuesday, May 2nd. Finally, Roth Capital set a $10.00 target price on shares of Leaf Group and gave the stock a “buy” rating in a report on Saturday, February 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $9.45.

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Leaf Group by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,148,315 shares of the company’s stock worth $8,612,000 after buying an additional 24,397 shares in the last quarter. Vanguard Group Inc. raised its stake in 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. Royce & Associates LP raised its stake in 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. Emerald Mutual Fund Advisers Trust purchased a new stake in Leaf Group during the first quarter worth $905,000. Finally, Punch & Associates Investment Management Inc. raised its stake in 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.

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Leaf Group (NASDAQ LFGR) remained flat at $8.00 on Thursday. The stock had a trading volume of 23,787 shares. Leaf Group has a 12-month low of $5.10 and a 12-month high of $9.35. The firm’s market cap is $159.53 million. The firm’s 50-day moving average price is $8.24 and its 200-day moving average price is $7.56.

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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