Canaccord Genuity Maintains a Buy Rating on Leaf Group (LEAF)


Canaccord Genuity analyst Maria Ripps maintained a Buy rating on Leaf Group (LEAF) yesterday and set a price target of $9.00. The company’s shares closed last Wednesday at $4.70.

According to TipRanks.com, Ripps is a top 100 analyst with an average return of 65.0% and a 77.0% success rate. Ripps covers the Technology sector, focusing on stocks such as Spotify Technology SA, Zillow Group Class A, and Alphabet Class A.

Leaf Group has an analyst consensus of Moderate Buy, with a price target consensus of $9.00.

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Leaf Group’s market cap is currently $160.6M and has a P/E ratio of -10.20. The company has a Price to Book ratio of 9.25.

Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LEAF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Leaf Group Ltd. engages in creating brands for lifestyle categories, including art and design, fitness and wellness, and home and decor. It operates through the Marketplaces and Media segments. The Marketplaces segment includes art and design marketplaces that serve a global community of independent artists, which consists of Society6.com and Deny Designs brands. The Media segment consists of owned and operated media properties that publish content, including videos, articles, and designed visual formats, on various category-specific properties with distinct editorial voices. The company was founded by Shawn J. Colo, Lawrence D. Fitzgibbon, and Richard M. Rosenblatt in March 2006 and is headquartered in Santa Monica, CA.

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