Demand Media Inc. (NYSE:DMD) saw strong trading volume on Friday . 623,263 shares were traded during trading, an increase of 288% from the previous session’s volume of 160,502 shares.The stock last traded at $5.54 and had previously closed at $5.62.

Several research analysts have weighed in on the stock. Zacks Investment Research raised shares of Demand Media from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. B. Riley reaffirmed a “buy” rating and set a $9.00 target price on shares of Demand Media in a research note on Wednesday, August 10th. Jefferies Group reaffirmed a “hold” rating on shares of Demand Media in a research note on Monday, July 18th. Finally, Roth Capital began coverage on shares of Demand Media in a research note on Wednesday, June 29th. They issued 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 assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $7.58.

The company’s 50-day moving average is $5.57 and its 200-day moving average is $5.36. The firm’s market capitalization is $112.34 million.

Demand Media (NYSE:DMD) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.12. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. The business earned $24.40 million during the quarter, compared to analysts’ expectations of $25.77 million. Demand Media’s quarterly revenue was down 18.1% on a year-over-year basis. On average, equities research analysts expect that Demand Media Inc. will post ($1.14) EPS for the current year.

An institutional investor recently raised its position in Demand Media stock. Dimensional Fund Advisors LP increased 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. The institutional investor 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 approximately 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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