The stock of Leaf Group Ltd (NYSE:LFGR) hit a new 52-week high and has $9.86 target or 44.00% above today’s $6.85 share price. The 5 months bullish chart indicates low risk for the $143.70 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $9.86 price target is reached, the company will be worth $63.23M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 40,531 shares traded hands or 9.46% up from the average. Leaf Group Ltd (NYSE:LFGR) has risen 16.95% since April 19, 2016 and is uptrending. It has outperformed by 13.09% the S&P500.
According to Zacks Investment Research, “Demand Media operates as a media company comprising of two distinct and complementary service offerings: Content & Media and Registrar. The Company uses Internet-based model to identify, create, distribute and monetize in-demand, long-lived content. It deploys its proprietary Content & Media platform both to Demand’s owned and operated websites. Demand’s Registrar as a wholesaler, provides domain name registration services and offer value-added services to active resellers, including small businesses, large e-commerce websites, Internet service providers and web-hosting companies. Demand Media is headquartered in Santa Monica, California.”
More news for Leaf Group Ltd (NYSE:LFGR) were recently published by: Businesswire.com, which released: “Demand Media Announces Intent to Change Name to Leaf Group” on October 28, 2016. Miamiherald.com‘s article titled: “Weekly Summary Corporate dividends, name changes, new listings” and published on November 11, 2016 is yet another important article.
LFGR Company Profile
Leaf Group Ltd., formerly Demand Media, Inc., incorporated on March 23, 2006, is diversified Internet marketplaces and media company. The Firm has online media properties and marketplace platforms that enable communities of creators to reach audiences in lifestyle categories. The Firm operates an online studio platform for the professional creation and distribution of content, as well as two online artist marketplaces. The Company’s business comprises two service offerings: Content & Media and Marketplaces. The Firm creates media content, including text articles, videos, photographs and designed visual formats, and publishes such content to its owned and operated online properties and to its customers’ online properties. The Firm also offers its content creation and distribution platform to provide custom content and other content marketing solutions to brands, publishers and advertisers.
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