Jefferies Reiterates Hold on Demand Media (DMD) Following Solid 3Q

November 8, 2016 9:11 AM EST
Get Alerts DMD Hot Sheet
Price: $6.35 --0%

Rating Summary:
    8 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
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Jefferies reiterated a Hold rating on Demand Media (NYSE: DMD), and raised the price target to $6.50 (from $6.00), following the company's 3Q earnings report. DMD reported revenue of $28.1MM, above the consensus at $25.4MM. Operating net loss per share came in at ($0.14), better than the consensus estimates of ($0.37).

Analyst Brian Fitzgerald commented, "DMD reported solid results with a top and bottom line beat. Marketplaces continues to show robust growth with Society6 seeing increased mobile conversion and an increase in repeat customers. Content & Media has seen strong results from Livestrong with a focus on video. eHow will now focus on narrower and deeper categories utilizing historical content."

For an analyst ratings summary and ratings history on Demand Media click here. For more ratings news on Demand Media click here.

Shares of Demand Media closed at $5.80 yesterday.



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