Leaf Group Ltd. (LFGR) Stock Rating Upgraded by ValuEngine
Leaf Group Ltd. (NYSE:LFGR) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
A number of other analysts have also commented on LFGR. Zacks Investment Research raised Leaf Group from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research report on Wednesday, October 4th. B. Riley reaffirmed a “buy” rating and issued a $10.50 target price on shares of Leaf Group in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $10.04.
Shares of Leaf Group (NYSE:LFGR) opened at $7.70 on Tuesday. Leaf Group has a 12-month low of $6.05 and a 12-month high of $9.35.
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A number of hedge funds have recently added to or reduced their stakes in LFGR. Dimensional Fund Advisors LP boosted its stake in Leaf Group by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,148,315 shares of the technology company’s stock valued at $8,612,000 after purchasing an additional 24,397 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its stake in Leaf Group by 49.8% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 180,809 shares of the technology company’s stock valued at $1,410,000 after purchasing an additional 60,100 shares during the last quarter. Schwab Charles Investment Management Inc. acquired a new position in Leaf Group during the 2nd quarter valued at about $234,000. Bank of New York Mellon Corp boosted its stake in Leaf Group by 308.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 42,587 shares of the technology company’s stock valued at $333,000 after purchasing an additional 32,170 shares during the last quarter. Finally, Teachers Advisors LLC acquired a new position in Leaf Group during the 2nd quarter valued at about $168,000. Institutional investors and hedge funds own 63.32% of the company’s stock.
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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