Leaf Group Ltd. (NASDAQ:LEAF)’s share price was up 10.4% during trading on Thursday . The stock traded as high as $5.73 and last traded at $5.54. Approximately 176,208 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 189,369 shares. The stock had previously closed at $5.02.
Separately, Canaccord Genuity reiterated a “buy” rating and set a $7.00 price target on shares of Leaf Group in a report on Thursday, August 13th.
The business has a fifty day moving average price of $5.16 and a two-hundred day moving average price of $3.22.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Leaf Group by 25.7% during the first quarter. JPMorgan Chase & Co. now owns 28,600 shares of the company’s stock valued at $38,000 after purchasing an additional 5,854 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Leaf Group during the 1st quarter valued at about $58,000. Wells Fargo & Company MN grew its stake in shares of Leaf Group by 75.3% in the 1st quarter. Wells Fargo & Company MN now owns 55,383 shares of the company’s stock valued at $74,000 after buying an additional 23,788 shares in the last quarter. Bailard Inc. acquired a new position in Leaf Group in the second quarter worth approximately $110,000. Finally, Engineers Gate Manager LP bought a new position in Leaf Group during the second quarter valued at approximately $130,000.
About Leaf Group (NASDAQ:LEAF)
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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