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.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
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.
