Shares of Demand Media Inc. (NYSE:DMD) have been given an average recommendation of “Buy” by the six ratings firms that are presently covering the firm. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $8.38.
DMD has been the subject of a number of recent analyst reports. Craig Hallum initiated coverage on Demand Media in a research report on Monday, September 12th. They issued a “buy” rating and a $10.00 price objective for the company. TheStreet cut Demand Media from a “hold” rating to an “e+” rating in a research report on Friday, July 29th. Jefferies Group reissued a “hold” rating and issued a $6.00 price objective on shares of Demand Media in a research report on Tuesday, September 6th. Finally, B. Riley restated a “buy” rating and issued a $9.00 target price on shares of Demand Media in a research note on Sunday, November 13th.
Demand Media (NYSE:DMD) opened at 6.35 on Monday. Demand Media has a 1-year low of $4.41 and a 1-year high of $6.47. The stock has a 50 day moving average price of $5.84 and a 200-day moving average price of $5.63. The company’s market cap is $129.46 million.
Demand Media (NYSE:DMD) last posted its quarterly earnings data on Monday, November 7th. The company reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.23. The firm earned $28.10 million during the quarter, compared to analysts’ expectations of $25.41 million. Demand Media had a negative return on equity of 27.73% and a negative net margin of 3.80%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.27) EPS. On average, equities research analysts forecast that Demand Media will post ($1.14) EPS for the current year.
A number of institutional investors have recently modified their holdings of the company. Kirr Marbach & Co. LLC IN purchased a new position in shares of Demand Media during the third quarter worth about $208,000. Spark Investment Management LLC bought a new position in Demand Media during the second quarter worth $338,000. AXA raised its position in Demand Media by 62.2% in the second quarter. AXA now owns 51,831 shares of the company’s stock worth $268,000 after buying an additional 19,880 shares during the last quarter. BlackRock Fund Advisors raised its position in 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. Finally, Dimensional Fund Advisors LP raised its position in 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. Institutional investors own 58.81% of the company’s stock.