Demand Media Inc. (DMD) Trading Up 4.6%
Demand Media Inc. (NYSE:DMD) was up 4.6% during trading on Wednesday . The company traded as high as $5.68 and last traded at $5.63, with a volume of 78,334 shares. The stock had previously closed at $5.38.
A number of equities research analysts have recently commented on DMD shares. TheStreet cut Demand Media from a “hold” rating to an “e+” rating in a research note on Friday, July 29th. Jefferies Group reissued a “hold” rating on shares of Demand Media in a research note on Tuesday, May 10th. Zacks Investment Research cut Demand Media from a “hold” rating to a “sell” rating in a research note on Thursday, May 12th. B. Riley reissued a “buy” rating and issued a $9.00 target price on shares of Demand Media in a research note on Friday, August 5th. Finally, Roth Capital initiated coverage on Demand Media in a report on Wednesday, June 29th. They set a “buy” rating and a $8.00 price target on the stock. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $7.58.
The stock’s 50-day moving average price is $5.48 and its 200 day moving average price is $5.33. The firm’s market cap is $114.78 million.
Demand Media (NYSE:DMD) last issued its earnings results on Thursday, August 4th. The company reported ($0.25) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.12. During the same period last year, the firm earned ($0.24) earnings per share. The firm had revenue of $24.40 million for the quarter, compared to the consensus estimate of $25.77 million. The company’s revenue for the quarter was down 18.1% on a year-over-year basis. On average, analysts predict that Demand Media Inc. will post ($1.10) EPS for the current year.
An institutional investor recently raised its position in Demand Media stock. Dimensional Fund Advisors LP boosted its position in shares of Demand Media Inc. (NYSE:DMD) by 189.7% during the fourth quarter, according to its most recent Form 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 quarter.
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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