Demand Media Inc. (DMD) Trading 6% Higher
Demand Media Inc. (NYSE:DMD) shares traded up 6% during trading on Wednesday . The company traded as high as $5.68 and last traded at $5.68, with a volume of 64,916 shares changing hands. The stock had previously closed at $5.36.
A number of research analysts have weighed in on DMD shares. B. Riley reiterated a “buy” rating and set a $9.00 target price on shares of Demand Media in a report on Tuesday, May 10th. Zacks Investment Research downgraded Demand Media from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Jefferies Group reiterated a “hold” rating on shares of Demand Media in a report on Tuesday, May 10th. Finally, Roth Capital started coverage on Demand Media in a report on Wednesday, June 29th. They set a “buy” rating and a $8.00 target price on the stock.
The company’s market cap is $114.20 million. The firm has a 50 day moving average of $5.29 and a 200-day moving average of $5.26.
Demand Media (NYSE:DMD) last announced its quarterly earnings data on Monday, May 9th. The company reported ($0.29) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.01. During the same period last year, the firm earned ($0.16) earnings per share. The company had revenue of $27 million for the quarter, compared to analysts’ expectations of $28.74 million. Demand Media’s quarterly revenue was down 18.8% compared to the same quarter last year. Analysts forecast that Demand Media Inc. will post ($1.16) earnings per share for the current fiscal year.
An institutional investor recently raised its position in Demand Media stock. Dimensional Fund Advisors LP raised 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 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 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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