Demand Media Inc. (NYSE:DMD)‘s stock had its “buy” rating reaffirmed by research analysts at B. Riley in a research report issued on Tuesday. They currently have a $9.00 price objective on the stock. B. Riley’s target price would indicate a potential upside of 41.73% from the company’s current price.
Several other research firms also recently commented on DMD. Jefferies Group reaffirmed a “hold” rating and issued a $6.00 target price on shares of Demand Media in a research report on Tuesday, September 6th. TheStreet downgraded Demand Media from a “hold” rating to an “e+” rating in a research report on Friday, July 29th. Zacks Investment Research raised Demand Media from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, Craig Hallum started coverage on Demand Media in a research report on Monday, September 12th. They set a “buy” rating and a $10.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $7.85.
Shares of Demand Media (NYSE:DMD) remained flat at $6.35 during trading on Tuesday. Demand Media has a 52-week low of $4.41 and a 52-week high of $6.47. The firm 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 earnings results on Monday, November 7th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.23. Demand Media had a negative return on equity of 27.73% and a negative net margin of 3.80%. The company had revenue of $28.10 million for the quarter, compared to the consensus estimate of $25.41 million. During the same quarter in the prior year, the business earned ($0.27) earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities analysts forecast that Demand Media will post ($1.14) earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in DMD. Punch & Associates Investment Management Inc. boosted its stake in Demand Media by 2.8% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 361,600 shares of the company’s stock valued at $1,989,000 after buying an additional 10,000 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Demand Media by 17.0% in the second quarter. BlackRock Fund Advisors now owns 34,839 shares of the company’s stock valued at $180,000 after buying an additional 5,074 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake 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 valued at $5,646,000 after buying an additional 31,590 shares during the last quarter. Royce & Associates LP acquired a new stake in Demand Media during the second quarter valued at $2,231,000. Finally, Emerald Acquisition Ltd. acquired a new stake in Demand Media during the second quarter valued at $162,000. Hedge funds and other institutional investors own 58.81% of the company’s stock.
Demand Media Company Profile