Leaf Group (LFGR) Rating Lowered to Sell at Zacks Investment Research
Leaf Group (NYSE:LFGR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Saturday.
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. “
Separately, ValuEngine lowered Leaf Group from a “hold” rating to a “sell” rating in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $10.06.
In other news, CEO Sean P. Moriarty sold 3,453 shares of the business’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $9.17, for a total value of $31,664.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel J. Weinrot sold 4,500 shares of the business’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $9.50, for a total value of $42,750.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,335 shares of company stock valued at $128,156. Corporate insiders own 47.60% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in LFGR. California State Teachers Retirement System acquired a new position in Leaf Group during the 2nd quarter valued at about $164,000. Teachers Advisors LLC acquired a new position in Leaf Group during the 2nd quarter valued at about $168,000. Deutsche Bank AG increased its position in Leaf Group by 148.1% during the 4th quarter. Deutsche Bank AG now owns 27,533 shares of the technology company’s stock valued at $271,000 after buying an additional 16,436 shares in the last quarter. Schwab Charles Investment Management Inc. acquired a new position in Leaf Group during the 2nd quarter valued at about $234,000. Finally, TIAA CREF Investment Management LLC acquired a new position in Leaf Group during the 2nd quarter valued at about $252,000. 65.69% of the stock is owned by hedge funds and other institutional investors.
About Leaf Group
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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