Analysts Set $7.00 Target Price for Leaf Group Ltd. (NASDAQ:LEAF)

Shares of Leaf Group Ltd. (NASDAQ:LEAF) have earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating. Leaf Group’s rating score has declined by 200% in the last 90 days as a result of various analysts’ ratings changes.

Analysts have set a 12 month consensus target price of $7.00 for the company, according to Zacks. Zacks has also assigned Leaf Group an industry rank of 157 out of 255 based on the ratings given to its competitors.

Separately, Cowen cut shares of Leaf Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $10.00 to $7.00 in a research note on Tuesday, August 6th.

Shares of NASDAQ:LEAF traded down $0.02 on Wednesday, reaching $3.34. 935 shares of the company were exchanged, compared to its average volume of 41,685. Leaf Group has a 1-year low of $3.34 and a 1-year high of $10.31. The company has a 50-day moving average of $4.33 and a 200-day moving average of $6.57.

Leaf Group (NASDAQ:LEAF) last issued its quarterly earnings data on Monday, August 5th. The company reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.01). The company had revenue of $35.79 million for the quarter.

In related news, CEO Sean P. Moriarty sold 4,000 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $6.36, for a total value of $25,440.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 12,000 shares of company stock worth $60,520.

A number of hedge funds and other institutional investors have recently modified their holdings of LEAF. Park West Asset Management LLC lifted its holdings in Leaf Group by 12.8% in the 2nd quarter. Park West Asset Management LLC now owns 2,354,810 shares of the company’s stock valued at $17,449,000 after purchasing an additional 266,850 shares in the last quarter. Wolverine Trading LLC lifted its holdings in Leaf Group by 52.3% in the 2nd quarter. Wolverine Trading LLC now owns 49,640 shares of the company’s stock valued at $368,000 after purchasing an additional 17,038 shares in the last quarter. Zebra Capital Management LLC lifted its holdings in Leaf Group by 42.3% in the 2nd quarter. Zebra Capital Management LLC now owns 26,395 shares of the company’s stock valued at $196,000 after purchasing an additional 7,842 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Leaf Group by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 796,608 shares of the company’s stock valued at $5,903,000 after purchasing an additional 3,865 shares in the last quarter. Finally, Roumell Asset Management LLC lifted its holdings in Leaf Group by 113.0% in the 2nd quarter. Roumell Asset Management LLC now owns 213,461 shares of the company’s stock valued at $1,582,000 after purchasing an additional 113,261 shares in the last quarter.

Leaf Group Company Profile

Leaf Group Ltd., together with its subsidiaries, operates as a diversified consumer Internet company worldwide. The company operates in two segments, Marketplaces and Media. The Marketplaces segment offers Society6.com, which provides artists with an online commerce platform to feature and sell their original art and designs on consumer products in the home décor, accessories, and apparel categories; and Deny Designs, an artist-driven home décor brand.

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