Leaf Group (LFGR) Given News Sentiment Score of 0.27
Media coverage about Leaf Group (NYSE:LFGR) has trended positive on Wednesday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Leaf Group earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 47.5256888686182 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of research firms have recently issued reports on LFGR. B. Riley restated a “buy” rating and set a $10.50 target price on shares of Leaf Group in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Leaf Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $9.88.
Shares of Leaf Group (NYSE:LFGR) traded up $0.05 during trading on Wednesday, hitting $7.35. 10,000 shares of the company traded hands, compared to its average volume of 35,105. Leaf Group has a 12 month low of $6.05 and a 12 month high of $9.35.
Leaf Group (NYSE:LFGR) last announced its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.11. The company had revenue of $33.50 million for the quarter, compared to analyst estimates of $30.93 million. Leaf Group had a negative net margin of 25.98% and a negative return on equity of 44.59%. The firm’s revenue was up 19.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.41) EPS. research analysts anticipate that Leaf Group will post -1.75 earnings per share for the current fiscal year.
In related news, CEO Sean P. Moriarty sold 67,000 shares of Leaf Group stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $6.72, for a total transaction of $450,240.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 71,329 shares of company stock worth $479,372 over the last ninety days. 47.60% of the stock is currently owned by insiders.
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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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