Craig Hallum started coverage on shares of Demand Media Inc. (NYSE:DMD) in a report issued on Monday. The firm issued a buy rating and a $10.00 price target on the stock.
A number of other brokerages have also recently commented on DMD. Jefferies Group reissued a hold rating and issued a $6.00 price objective on shares of Demand Media in a research note on Tuesday, September 6th. TheStreet cut shares of Demand Media from a hold rating to an e+ rating in a research note on Friday, July 29th. Zacks Investment Research cut shares of Demand Media from a hold rating to a sell rating in a research note on Tuesday, June 14th. B. Riley restated a buy rating and issued a $9.00 target price on shares of Demand Media in a report on Friday, August 5th. Finally, Roth Capital started coverage on shares of Demand Media in a report on Wednesday, June 29th. They issued a buy rating and a $8.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Demand Media presently has a consensus rating of Buy and a consensus price target of $7.75.
Shares of Demand Media (NYSE:DMD) traded down 0.70% during trading on Monday, hitting $5.65. 9,745 shares of the company traded hands. The company’s market capitalization is $115.19 million. Demand Media has a 52 week low of $3.94 and a 52 week high of $6.47. The company has a 50 day moving average price of $5.66 and a 200 day moving average price of $5.47.
Demand Media (NYSE:DMD) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.12. Demand Media had a negative net margin of 8.55% and a negative return on equity of 30.25%. The business earned $24.40 million during the quarter, compared to analysts’ expectations of $25.77 million. During the same period last year, the company posted ($0.24) EPS. The business’s revenue was down 18.1% on a year-over-year basis. On average, analysts expect that Demand Media will post ($1.14) earnings per share for the current year.
Large investors have recently made changes to their positions in the stock. AXA raised its stake in shares of Demand Media by 11.3% in the first quarter. AXA now owns 31,951 shares of the company’s stock worth $160,000 after buying an additional 3,251 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Demand Media by 17.0% in the second quarter. BlackRock Fund Advisors now owns 34,839 shares of the company’s stock worth $180,000 after buying an additional 5,074 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Demand Media during the second quarter worth $162,000. Dimensional Fund Advisors LP raised its stake in shares of Demand Media by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,092,100 shares of the company’s stock worth $5,646,000 after buying an additional 31,590 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Demand Media by 11.0% in the first quarter. Renaissance Technologies LLC now owns 434,300 shares of the company’s stock worth $2,172,000 after buying an additional 42,910 shares during the last quarter. Institutional investors own 58.65% of the company’s stock.
Demand Media Company Profile
Demand Media, Inc is an Internet company. The Company builds platforms across its media and marketplaces properties to enable communities of creators to reach audiences in various lifestyle categories. The Company’s service offerings include Content and Media, and Marketplaces. Its Content and Media service offering includes its owned and operated online properties that publish media content.