Demand Media Inc. (DMD) Receives Average Recommendation of “Buy” from Analysts
Shares of Demand Media Inc. (NYSE:DMD) have been assigned an average recommendation of “Buy” from the six ratings firms that are presently covering the company. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $8.25.
DMD has been the subject of a number of research analyst reports. Jefferies Group reaffirmed a “hold” rating on shares of Demand Media in a research report on Monday, August 1st. TheStreet lowered shares of Demand Media from a “hold” rating to an “e+” rating in a research report on Friday, July 29th. B. Riley reaffirmed a “buy” rating and set a $9.00 price objective on shares of Demand Media in a research report on Friday, August 5th. Craig Hallum started coverage on shares of Demand Media in a research report on Monday, September 12th. They set a “buy” rating and a $10.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Demand Media from a “hold” rating to a “sell” rating in a research report on Monday, June 20th.
Demand Media (NYSE:DMD) traded up 0.85% during trading on Monday, reaching $5.95. The company had a trading volume of 10,003 shares. The firm’s market capitalization is $121.31 million. The company has a 50-day moving average of $5.75 and a 200-day moving average of $5.57. Demand Media has a 52-week low of $4.08 and a 52-week high of $6.47.
Demand Media (NYSE:DMD) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.12. Demand Media had a negative net margin of 8.55% and a negative return on equity of 30.25%. The company earned $24.40 million during the quarter, compared to analysts’ expectations of $25.77 million. During the same period in the prior year, the company earned ($0.24) earnings per share. The business’s quarterly revenue was down 18.1% compared to the same quarter last year. Analysts expect that Demand Media will post ($1.14) EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. AXA raised its stake in Demand Media by 11.3% in the first quarter. AXA now owns 31,951 shares of the company’s stock valued at $160,000 after buying an additional 3,251 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in Demand Media during the second quarter valued at $162,000. BlackRock Fund Advisors raised its stake in Demand Media by 17.0% in the second quarter. BlackRock Fund Advisors now owns 34,839 shares of the company’s stock valued at $180,000 after buying an additional 5,074 shares during the last quarter. Spark Investment Management LLC purchased a new stake in Demand Media during the second quarter valued at $338,000. Finally, Royce & Associates LP purchased a new stake in Demand Media during the second quarter valued at $2,231,000. 58.64% of the stock is owned by institutional investors.
About Demand Media
Demand Media, Inc is an Internet company. The Company builds platforms across its media and marketplaces properties to enable communities of creators to reach audiences in various lifestyle categories. The Company’s service offerings include Content and Media, and Marketplaces. Its Content and Media service offering includes its owned and operated online properties that publish media content.
Receive News & Stock Ratings for Demand Media Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Demand Media Inc. and related stocks with our FREE daily email newsletter.