Leaf Group (NASDAQ:LEAF) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Leaf Group (NASDAQ:LEAF) released its quarterly earnings results on Thursday. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.02, Fidelity Earnings reports. The company had revenue of $40.03 million for the quarter.

Shares of LEAF traded up $0.99 during trading hours on Friday, hitting $4.18. 148,700 shares of the company were exchanged, compared to its average volume of 42,047. Leaf Group has a 52 week low of $2.72 and a 52 week high of $9.38. The firm’s 50 day moving average is $3.46 and its 200-day moving average is $5.68.

Separately, Cowen downgraded Leaf Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $10.00 to $7.00 in a research note on Tuesday, August 6th.

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About Leaf Group

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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Earnings History for Leaf Group (NASDAQ:LEAF)

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