Demand Media Inc. (NYSE:DMD) Receives Average Rating of “Buy” from Analysts
Demand Media Inc. (NYSE:DMD) has been assigned an average rating of “Buy” from the six brokerages that are currently covering the firm. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $8.25.
Several analysts recently commented on DMD shares. TheStreet downgraded shares of Demand Media from a “hold” rating to an “e+” rating in a research report on Friday, July 29th. Jefferies Group restated a “hold” rating on shares of Demand Media in a research report on Monday, August 1st. Roth Capital initiated coverage on shares of Demand Media in a research report on Wednesday, June 29th. They set a “buy” rating and a $8.00 price objective for the company. Zacks Investment Research upgraded shares of Demand Media from a “sell” rating to a “hold” rating in a research report on Wednesday, May 25th. Finally, B. Riley restated a “buy” rating and set a $9.00 price objective on shares of Demand Media in a research report on Wednesday, August 10th.
Demand Media (NYSE:DMD) traded up 2.70% during trading on Monday, reaching $5.70. 40,334 shares of the company were exchanged. The firm’s market capitalization is $116.21 million. Demand Media has a 12 month low of $3.94 and a 12 month high of $6.47. The stock has a 50 day moving average price of $5.67 and a 200 day moving average price of $5.46.
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Demand Media (NYSE:DMD) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.12. Demand Media had a negative net margin of 8.55% and a negative return on equity of 30.25%. The firm earned $24.40 million during the quarter, compared to the consensus estimate of $25.77 million. During the same quarter in the prior year, the firm earned ($0.24) EPS. Demand Media’s revenue for the quarter was down 18.1% on a year-over-year basis. On average, analysts expect that Demand Media will post ($1.14) EPS for the current fiscal year.
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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