Jefferies analyst Brian Pitz reiterated a Hold rating on Demand Media (NYSE: DMD) today and set a price target of $6. The company’s shares opened today at $5.57.
According to TipRanks.com, Pitz is a top 100 analyst with an average return of 10.0% and a 69.8% success rate. Pitz covers the Technology sector, focusing on stocks such as Endurance International, Activision Blizzard, and IAC/InterActiveCorp.
Demand Media has an analyst consensus of Moderate Buy, with a price target consensus of $6.
Based on Demand Media`s latest earnings report from March 31, the company posted quarterly revenue of $26.97M and quarterly net profit of -$11.91M. In comparison, last year the company earned revenue of $29.77M and had a net profit of -$14.41M.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock.
Demand Media, Inc. operates as a content and social media company. It builds platforms across its media and marketplaces properties. The company operates as two services Content & Media and Marketplaces. The Content & Media provides online properties publish media content, including text articles, videos, photographs and designed visual formats. The marketplaces provides art and design marketplaces where communities of artists can market and sell their original artwork or original designs printed on a wide variety of products. The company was founded by Shawn Colo, Larry Fitzgibbon and Richard Rosenblatt in March 2006 and is headquartered in Santa Monica, CA.