In yesterday’s Wall Street session, Leafly Holdings Inc. (NASDAQ:LFLY) shares traded at $0.59, down -5.28% from the previous session.
As of this writing, 3 analysts cover Leafly Holdings Inc. (NASDAQ:LFLY). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $2.50, we find $3.75. Given the previous closing price of $0.62, this indicates a potential upside of 504.84 percent. LFLY stock price is now -13.72% away from the 50-day moving average and -84.19% away from the 200-day moving average. The market capitalization of the company currently stands at $22.68M.
There are 1 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $3.75 as their price target over the next twelve months.
With the price target of $12, Cowen recently initiated with Outperform rating for Leafly Holdings Inc. (NASDAQ: LFLY).
In other news, Krishnaswamy Suresh, Chief Financial Officer sold 4,967 shares of the company’s stock on Dec 28. The stock was sold for $2,317 at an average price of $0.47. Upon completion of the transaction, the Chief Financial Officer now directly owns 191,817 shares in the company, valued at $0.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 28, Chief Product Officer Cotter David sold 251 shares of the business’s stock. A total of $117 was realized by selling the stock at an average price of $0.47. This leaves the insider owning 36,487 shares of the company worth $21527.33. Insiders disposed of 2,063,722 shares of company stock worth roughly $1.22 million over the past 1 year. A total of 24.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LFLY stock. A new stake in Leafly Holdings Inc. shares was purchased by FREESTONE CAPITAL HOLDINGS, LLC during the first quarter worth $89,000. CPWM, LLC invested $71,000 in shares of LFLY during the first quarter. In the first quarter, REPERTOIRE PARTNERS LP acquired a new stake in Leafly Holdings Inc. valued at approximately $69,000. CITADEL ADVISORS LLC acquired a new stake in LFLY for approximately $65,000. LAFFER TENGLER INVESTMENTS purchased a new stake in LFLY valued at around $65,000 in the second quarter. In total, there are 80 active investors with 17.70% ownership of the company’s stock.
Tuesday morning saw Leafly Holdings Inc. (NASDAQ: LFLY) opened at $0.6189. During the past 12 months, Leafly Holdings Inc. has had a low of $0.46 and a high of $11.58. The fifty day moving average price for LFLY is $0.6799 and a two-hundred day moving average price translates $3.7108 for the stock.
The latest earnings results from Leafly Holdings Inc. (NASDAQ: LFLY) was released for Jun, 2022. According to the Pharmaceutical Retailers Company, earnings per share came in at $0.37, beating analysts’ expectations of -$0.12 by 0.49. This compares to -$0.18 EPS in the same period last year. The net profit margin was 26.50% and return on equity was 58.90% for LFLY. The company reported revenue of $11.78 million for the quarter, compared to $10.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.12 percent. For the current quarter, analysts expect LFLY to generate $11.79M in revenue.
Leafly Holdings Inc.(LFLY) Company Profile
Leafly Holdings, Inc. owns and operates a platform to provide consumers with cannabis information and connects consumers to cannabis brands and licensed retailers. It offers subscription-based marketplace listings, digital advertising solutions, and software as a service-based tools to cannabis retailers and brands; and information, reviews, menus, and ordering and delivery options to its audience through its website and mobile applications. The company was founded in 2010 and is headquartered in Seattle, Washington.