Brokers Set Expectations for Demand Media Inc.’s Q1 2017 Earnings (DMD)
Demand Media Inc. (NYSE:DMD) – Research analysts at B. Riley issued their Q1 2017 earnings estimates for Demand Media in a report released on Monday. B. Riley analyst S. Sinha forecasts that the firm will earn ($0.61) per share for the quarter. B. Riley has a “Buy” rating and a $9.00 price target on the stock. B. Riley also issued estimates for Demand Media’s Q2 2017 earnings at ($0.71) EPS, Q3 2017 earnings at ($0.67) EPS and Q4 2017 earnings at ($0.63) EPS.
Several other research firms have also recently issued reports on DMD. Jefferies Group reissued a “hold” rating and issued a $6.00 price objective on shares of Demand Media in a research report on Tuesday, September 6th. TheStreet cut shares of Demand Media from a “hold” rating to an “e+” rating in a research report on Friday, July 29th. Finally, Craig Hallum assumed coverage on shares of Demand Media in a research report on Monday, September 12th. They issued a “buy” rating and a $10.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $7.75.
Demand Media (NYSE:DMD) opened at 6.35 on Wednesday. The firm’s 50 day moving average is $5.84 and its 200-day moving average is $5.63. Demand Media has a 52 week low of $4.41 and a 52 week high of $6.47. The company’s market cap is $129.46 million.
Demand Media (NYSE:DMD) last announced its earnings results on Monday, November 7th. The company reported ($0.14) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.23. Demand Media had a negative net margin of 3.80% and a negative return on equity of 27.73%. The business earned $28.10 million during the quarter, compared to the consensus estimate of $25.41 million. During the same quarter last year, the firm earned ($0.27) earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. AXA increased 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 in the last quarter. Emerald Acquisition Ltd. bought a new stake in Demand Media during the second quarter valued at $162,000. BlackRock Fund Advisors increased 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 in the last quarter. Kirr Marbach & Co. LLC IN bought a new stake in Demand Media during the third quarter valued at $208,000. Finally, Spark Investment Management LLC bought a new stake in Demand Media during the second quarter valued at $338,000. Hedge funds and other institutional investors own 58.81% of the company’s stock.
Demand Media Company Profile
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.
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