Demand Media Inc. (DMD) Sees Large Volume Increase
Demand Media Inc. (NYSE:DMD) saw strong trading volume on Monday . 87,772 shares traded hands during mid-day trading, an increase of 43% from the previous session’s volume of 61,520 shares.The stock last traded at $5.44 and had previously closed at $5.40.
Several analysts recently commented on the stock. B. Riley reiterated a “buy” rating and issued a $9.00 price target on shares of Demand Media in a research report on Friday. TheStreet cut shares of Demand Media from a “hold” rating to an “e+” rating in a research note on Friday, July 29th. Zacks Investment Research raised shares of Demand Media from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Finally, Jefferies Group reissued a “hold” rating on shares of Demand Media in a research note on Monday, August 1st. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $7.58.
The firm has a 50-day moving average price of $5.47 and a 200-day moving average price of $5.32. The company’s market cap is $109.55 million.
Demand Media (NYSE:DMD) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.12. During the same period in the previous year, the business posted ($0.24) EPS. The company had revenue of $24.40 million for the quarter, compared to analyst estimates of $25.77 million. The firm’s quarterly revenue was down 18.1% compared to the same quarter last year. Equities analysts predict that Demand Media Inc. will post ($1.10) earnings per share for the current year.
An institutional investor recently raised its position in Demand Media stock. Dimensional Fund Advisors LP boosted its stake in Demand Media Inc. (NYSE:DMD) by 189.7% during the fourth quarter, according to its most recent filing with the 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 5.28% of Demand Media worth $5,810,000 as of its most recent SEC filing.
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.
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