Leaf Group (NYSE:LEAF) Stock Price Down 5.7%

Leaf Group Ltd. (NYSE:LEAF)’s stock price dropped 5.7% on Tuesday . The stock traded as low as $5.76 and last traded at $6.10. Approximately 944,865 shares changed hands during trading, an increase of 98% from the average daily volume of 476,339 shares. The stock had previously closed at $6.47.

Separately, Canaccord Genuity reaffirmed a “buy” rating and set a $9.00 target price on shares of Leaf Group in a research note on Thursday, January 7th.

The company has a fifty day moving average price of $5.73 and a 200-day moving average price of $5.37. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $167.08 million, a price-to-earnings ratio of -14.70 and a beta of 1.90.

In related news, EVP Adam F. Wergeles sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 8th. The stock was sold at an average price of $7.00, for a total value of $35,000.00. 11.40% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of LEAF. VIEX Capital Advisors LLC acquired a new stake in Leaf Group in the 4th quarter worth approximately $10,749,000. AWM Investment Company Inc. acquired a new stake in Leaf Group in the 4th quarter worth approximately $4,322,000. Punch & Associates Investment Management Inc. lifted its holdings in Leaf Group by 117.0% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 1,415,389 shares of the company’s stock worth $6,582,000 after purchasing an additional 763,089 shares during the last quarter. Wasatch Advisors Inc. lifted its holdings in Leaf Group by 117.8% in the 3rd quarter. Wasatch Advisors Inc. now owns 1,296,328 shares of the company’s stock worth $6,508,000 after purchasing an additional 701,259 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Leaf Group during the fourth quarter worth approximately $2,441,000. Hedge funds and other institutional investors own 68.36% of the company’s stock.

Leaf Group Company Profile (NYSE:LEAF)

Leaf Group Ltd., together with its subsidiaries, operates as a diversified consumer internet company worldwide. It 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, a made-to-order home décor brand.

Further Reading: Monthly Dividend Stocks Can Provide Solid Income

Receive News & Ratings for Leaf Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leaf Group and related companies with MarketBeat.com's FREE daily email newsletter.