Shares of Demand Media Inc. (NYSE:DMD) traded down 4.6% during mid-day trading on Friday . The stock traded as low as $5.37 and last traded at $5.40, with a volume of 94,057 shares traded. The stock had previously closed at $5.66.

Several analysts have recently issued reports on the company. Zacks Investment Research raised Demand Media from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. B. Riley restated a “buy” rating and set a $9.00 price objective on shares of Demand Media in a research report on Tuesday, May 10th. Jefferies Group restated a “hold” rating on shares of Demand Media in a research report on Monday, July 18th. Finally, Roth Capital began coverage on Demand Media in a research report on Wednesday, June 29th. They set a “buy” rating and a $8.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $7.58.

The stock’s market capitalization is $109.14 million. The company’s 50-day moving average is $5.46 and its 200-day moving average is $5.31.

Demand Media (NYSE:DMD) last issued its earnings results on Thursday, August 4th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.12. The firm earned $24.40 million during the quarter, compared to the consensus estimate of $25.77 million. During the same quarter in the previous year, the firm earned ($0.24) earnings per share. The business’s quarterly revenue was down 18.1% compared to the same quarter last year. Analysts anticipate that Demand Media Inc. will post ($1.10) EPS for the current fiscal year.

An institutional investor recently raised its position in Demand Media stock. Dimensional Fund Advisors LP boosted its stake in shares of Demand Media Inc. (NYSE:DMD) by 189.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,056,420 shares of the company’s stock after buying an additional 691,718 shares during the period. Dimensional Fund Advisors LP owned about 5.28% of Demand Media worth $5,810,000 at the end of the most recent reporting period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.