Leaf Group Ltd. (NYSE:LEAF) Short Interest Up 70.7% in March

Leaf Group Ltd. (NYSE:LEAF) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 601,900 shares, an increase of 70.7% from the March 15th total of 352,700 shares. Based on an average daily trading volume, of 1,020,000 shares, the days-to-cover ratio is currently 0.6 days.

In other news, EVP Adam F. Wergeles sold 5,000 shares of the stock in a transaction that occurred on Monday, February 8th. The shares were sold at an average price of $7.00, for a total transaction of $35,000.00. Corporate insiders own 11.40% of the company’s stock.

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of Leaf Group by 257.4% in the 4th quarter. JPMorgan Chase & Co. now owns 9,456 shares of the company’s stock worth $44,000 after buying an additional 6,810 shares in the last quarter. Barclays PLC purchased a new position in shares of Leaf Group in the 4th quarter worth $47,000. Virtu Financial LLC purchased a new position in shares of Leaf Group in the 3rd quarter worth $54,000. Marshall Wace LLP bought a new stake in shares of Leaf Group in the 1st quarter worth about $58,000. Finally, Citigroup Inc. lifted its holdings in shares of Leaf Group by 1,413,800.0% in the 4th quarter. Citigroup Inc. now owns 14,139 shares of the company’s stock worth $66,000 after acquiring an additional 14,138 shares during the last quarter. 68.36% of the stock is owned by institutional investors and hedge funds.

Shares of LEAF stock traded up $0.08 on Friday, hitting $9.15. 317,939 shares of the stock traded hands, compared to its average volume of 985,585. The firm has a market cap of $327.58 million, a price-to-earnings ratio of -20.80 and a beta of 1.90. The firm has a 50 day simple moving average of $6.87 and a two-hundred day simple moving average of $5.69. Leaf Group has a 52 week low of $1.03 and a 52 week high of $9.28. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.05 and a quick ratio of 1.05.

Leaf Group (NYSE:LEAF) last issued its quarterly earnings data on Thursday, February 25th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.05). Leaf Group had a negative return on equity of 25.95% and a negative net margin of 5.98%. The business had revenue of $64.97 million during the quarter.

A number of research analysts recently weighed in on the stock. BTIG Research assumed coverage on shares of Leaf Group in a research report on Monday, March 29th. They set a “buy” rating and a $9.50 price objective on the stock. Canaccord Genuity reiterated a “buy” rating and issued a $9.00 price target on shares of Leaf Group in a research report on Thursday, January 7th. Finally, Craig Hallum reiterated a “hold” rating and issued a $8.50 price target (up from $7.50) on shares of Leaf Group in a research report on Tuesday.

About Leaf Group

Leaf Group Ltd., together with its subsidiaries, operates as a diversified consumer internet company worldwide. It 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, a made-to-order home décor brand.

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