Leaf Group Ltd (NASDAQ:LFGR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

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. “

Shares of Leaf Group (NASDAQ:LFGR) traded up 1.59% during midday trading on Wednesday, reaching $6.40. The company’s stock had a trading volume of 1,256 shares. The stock has a 50-day moving average price of $6.68 and a 200-day moving average price of $5.99. Leaf Group has a 52-week low of $4.41 and a 52-week high of $7.40.

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In other Leaf Group news, CEO Sean P. Moriarty sold 5,067 shares of Leaf Group stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $6.39, for a total transaction of $32,378.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Leaf Group Company Profile

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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