Demand Media Inc. (NYSE:DMD) was downgraded by equities researchers at TheStreet from a “hold” rating to an “e+” rating in a research report issued on Friday.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut Demand Media from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. B. Riley reaffirmed a “buy” rating and set a $9.00 target price on shares of Demand Media in a research report on Tuesday, May 10th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Demand Media in a research report on Monday, July 18th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $7.19.
Demand Media (NYSE:DMD) traded down 3.65% during mid-day trading on Friday, reaching $5.55. 69,750 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $5.67 and its 200 day moving average price is $5.46. The stock’s market capitalization is $113.15 million. Demand Media has a 12 month low of $3.94 and a 12 month high of $6.47.
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Demand Media (NYSE:DMD) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.25) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.12. The business earned $24.40 million during the quarter, compared to analysts’ expectations of $25.77 million. Demand Media had a negative return on equity of 30.25% and a negative net margin of 8.55%. The firm’s quarterly revenue was down 18.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.24) EPS. Equities research analysts predict that Demand Media will post ($1.14) EPS for the current year.
Several large investors have bought and sold shares of DMD. AXA raised its position 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. D. E. Shaw & Co. Inc. raised its position in shares of Demand Media by 11.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 228,108 shares of the company’s stock worth $1,255,000 after buying an additional 23,155 shares during the last quarter. Bridgeway Capital Management Inc. raised its position in shares of Demand Media by 31.5% in the fourth quarter. Bridgeway Capital Management Inc. now owns 338,500 shares of the company’s stock worth $1,862,000 after buying an additional 81,000 shares during the last quarter. Renaissance Technologies LLC raised its position 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. Finally, Punch & Associates Investment Management Inc. raised its position in shares of Demand Media by 48.3% in the second quarter. Punch & Associates Investment Management Inc. now owns 580,600 shares of the company’s stock worth $3,002,000 after buying an additional 189,000 shares during the last quarter. 58.80% of the stock is owned by institutional investors.
About Demand Media
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.
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