Leaf Group (LFGR) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of Leaf Group (NYSE:LFGR) from a sell rating to a hold rating in a research note issued to investors on Saturday.
According to Zacks, “Leaf Group Ltd. is an internet company. It builds platforms across marketplace which consists of Society6 and Saatchi Art and media which include Livestrong.com and eHow properties. Leaf Group Ltd., formerly known as Demand Media Inc., is headquartered in Santa Monica, California. “
Separately, ValuEngine downgraded Leaf Group from a hold rating to a sell rating in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $10.06.
In other news, CEO Sean P. Moriarty sold 16,414 shares of Leaf Group stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $7.67, for a total transaction of $125,895.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Weinrot sold 4,500 shares of Leaf Group stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $9.50, for a total value of $42,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,151 shares of company stock valued at $265,249. 47.60% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC bought a new stake in shares of Leaf Group during the second quarter valued at approximately $252,000. Northern Trust Corp raised its holdings in shares of Leaf Group by 476.6% during the second quarter. Northern Trust Corp now owns 122,614 shares of the technology company’s stock valued at $957,000 after buying an additional 101,348 shares during the last quarter. EAM Investors LLC bought a new stake in shares of Leaf Group during the fourth quarter valued at approximately $439,000. Royce & Associates LP raised its holdings in shares of Leaf Group by 3.5% during the third quarter. Royce & Associates LP now owns 956,716 shares of the technology company’s stock valued at $6,601,000 after buying an additional 32,000 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Leaf Group during the second quarter valued at approximately $234,000. 67.55% of the stock is currently owned by institutional investors.
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About Leaf Group
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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