Russell Investments Group Ltd. Lowers Stake in Leaf Group Ltd (NASDAQ:LFGR)
Russell Investments Group Ltd. lowered its stake in Leaf Group Ltd (NASDAQ:LFGR) by 6.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,244 shares of the company’s stock after selling 2,100 shares during the period. Russell Investments Group Ltd.’s holdings in Leaf Group were worth $220,000 as of its most recent filing with the SEC.
Separately, Oak Management Corp bought a new position in Leaf Group during the fourth quarter valued at about $29,390,000.
Leaf Group Ltd (NASDAQ:LFGR) opened at 7.65 on Friday. Leaf Group Ltd has a 52-week low of $5.23 and a 52-week high of $9.35. The company’s market capitalization is $152.55 million. The company’s 50-day moving average price is $8.10 and its 200 day moving average price is $7.63.
Leaf Group (NASDAQ:LFGR) last issued its quarterly earnings data on Thursday, May 4th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by $0.19. Leaf Group had a negative net margin of 36.78% and a negative return on equity of 53.54%. The company had revenue of $27.23 million for the quarter, compared to analysts’ expectations of $26.53 million. During the same quarter last year, the company earned ($0.59) earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities analysts expect that Leaf Group Ltd will post ($1.76) EPS for the current fiscal year.
LFGR has been the topic of several recent research reports. Zacks Investment Research lowered Leaf Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. B. Riley restated a “buy” rating and set a $10.50 price target on shares of Leaf Group in a research report on Friday, May 5th. Craig Hallum set a $12.00 price target on Leaf Group and gave the stock a “buy” rating in a research report on Saturday, June 17th. Finally, Jefferies Group LLC restated a “hold” rating and set a $8.00 price target on shares of Leaf Group in a research report on Monday, March 27th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Leaf Group presently has an average rating of “Buy” and a consensus price target of $10.04.
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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