Demand Media Inc. (DMD) Trading 6% Higher
Demand Media Inc. (NYSE:DMD)’s share price traded up 6% during mid-day trading on Wednesday . The stock 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.
DMD has been the subject of a number of recent research reports. B. Riley reiterated a “buy” rating and issued a $9.00 target price on shares of Demand Media in a research report on Tuesday, May 10th. Zacks Investment Research upgraded shares of Demand Media from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, Jefferies Group reiterated a “hold” rating on shares of Demand Media in a research report on Monday.
The firm’s market capitalization is $117.23 million. The company’s 50 day moving average price is $5.31 and its 200 day moving average price is $5.26.
Demand Media (NYSE:DMD) last announced its quarterly earnings data on Monday, May 9th. The company reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.01. The firm earned $27 million during the quarter, compared to analyst estimates of $28.74 million. During the same period in the prior year, the firm posted ($0.16) earnings per share. The business’s quarterly revenue was down 18.8% compared to the same quarter last year. On average, equities analysts anticipate that Demand Media Inc. will post ($1.16) EPS for the current fiscal year.
A hedge fund recently raised its stake in Demand Media stock. Dimensional Fund Advisors LP raised its stake in Demand Media Inc. (NYSE:DMD) by 189.7% during the fourth quarter, according to its most recent 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 as of its most recent filing with the SEC.
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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