Demand Media Inc. (NYSE:DMD) has been given an average rating of “Buy” by the six ratings firms that are currently covering the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $8.38.

A number of analysts recently commented on DMD shares. Jefferies Group reiterated a “hold” rating and issued a $6.00 target price on shares of Demand Media in a report on Tuesday, September 6th. TheStreet downgraded shares of Demand Media from a “hold” rating to an “e+” rating in a report on Friday, July 29th. B. Riley reiterated a “buy” rating and issued a $9.00 target price on shares of Demand Media in a report on Tuesday, November 8th. Finally, Craig Hallum began coverage on shares of Demand Media in a report on Monday, September 12th. They set a “buy” rating and a $10.00 price target on the stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AXA increased its position in shares of Demand Media by 11.3% in the first quarter. AXA now owns 31,951 shares of the company’s stock worth $160,000 after buying an additional 3,251 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Demand Media by 17.0% in the second quarter. BlackRock Fund Advisors now owns 34,839 shares of the company’s stock worth $180,000 after buying an additional 5,074 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Demand Media during the second quarter worth approximately $162,000. Dimensional Fund Advisors LP increased its position in shares of Demand Media by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,092,100 shares of the company’s stock worth $5,646,000 after buying an additional 31,590 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN bought a new position in shares of Demand Media during the third quarter worth approximately $208,000. 58.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Demand Media (NYSE:DMD) remained flat at $6.35 during trading on Monday. The company’s 50-day moving average price is $5.84 and its 200 day moving average price is $5.63. Demand Media has a one year low of $4.41 and a one year high of $6.47. The firm’s market cap is $129.46 million.

Demand Media (NYSE:DMD) last released its earnings results on Monday, November 7th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates 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 had revenue of $28.10 million for the quarter, compared to the consensus estimate of $25.41 million. During the same period in the previous year, the firm earned ($0.27) EPS. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities research analysts predict that Demand Media will post ($1.14) EPS for the current fiscal year.

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.

5 Day Chart for NYSE:DMD

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