Leaf Group Ltd. (LEAF) Given Average Rating of “Strong Buy” by Brokerages

Leaf Group Ltd. (NASDAQ:LEAF) has received an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus price objective of $14.00 for the company, according to Zacks. Zacks has also given Leaf Group an industry rank of 86 out of 257 based on the ratings given to related companies.

Separately, Cowen began coverage on Leaf Group in a research note on Friday, September 14th. They issued an “outperform” rating for the company.

In related news, CEO Sean P. Moriarty sold 9,102 shares of the firm’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $8.74, for a total transaction of $79,551.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sean P. Moriarty sold 14,593 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $10.01, for a total value of $146,075.93. The disclosure for this sale can be found here. Insiders have sold 32,797 shares of company stock valued at $313,644 in the last ninety days.

Shares of NASDAQ:LEAF traded up $0.11 on Thursday, hitting $8.72. The company’s stock had a trading volume of 12,473 shares, compared to its average volume of 62,927. Leaf Group has a 12 month low of $6.50 and a 12 month high of $12.05.

Leaf Group (NASDAQ:LEAF) last released its quarterly earnings results on Tuesday, November 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.04). The firm had revenue of $41.46 million during the quarter.

About Leaf Group

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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