Leaf Group Ltd (LFGR) CEO Sells $31,664.01 in Stock

Leaf Group Ltd (NYSE:LFGR) CEO Sean P. Moriarty sold 3,453 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $9.17, for a total transaction of $31,664.01. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Leaf Group Ltd (NYSE:LFGR) opened at $9.30 on Wednesday. The company has a market cap of $192.46, a PE ratio of -5.85 and a beta of 0.44. Leaf Group Ltd has a fifty-two week low of $6.25 and a fifty-two week high of $10.15.

Leaf Group (NYSE:LFGR) last posted its earnings results on Tuesday, November 7th. The technology company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.11. The firm had revenue of $33.50 million during the quarter, compared to analysts’ expectations of $30.93 million. Leaf Group had a negative net margin of 25.98% and a negative return on equity of 44.59%. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.41) earnings per share. equities analysts anticipate that Leaf Group Ltd will post -1.53 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Leaf Group from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research report on Wednesday, October 4th. ValuEngine raised shares of Leaf Group from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Leaf Group presently has an average rating of “Buy” and a consensus price target of $10.04.

Several hedge funds have recently bought and sold shares of LFGR. Schwab Charles Investment Management Inc. bought a new position in shares of Leaf Group in the second quarter worth about $234,000. Bank of New York Mellon Corp lifted its holdings in shares of Leaf Group by 308.8% in the second quarter. Bank of New York Mellon Corp now owns 42,587 shares of the technology company’s stock worth $333,000 after acquiring an additional 32,170 shares during the last quarter. Teachers Advisors LLC bought a new position in shares of Leaf Group in the second quarter worth about $168,000. TIAA CREF Investment Management LLC bought a new position in shares of Leaf Group in the second quarter worth about $252,000. Finally, Northern Trust Corp lifted its holdings in shares of Leaf Group by 476.6% in the second quarter. Northern Trust Corp now owns 122,614 shares of the technology company’s stock worth $957,000 after acquiring an additional 101,348 shares during the last quarter. 63.43% of the stock is owned by hedge funds and other institutional investors.

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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.

Insider Buying and Selling by Quarter for Leaf Group (NYSE:LFGR)

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