Craig-Hallum Initiates Coverage on Demand Media Inc to Buy

Craig-Hallum Initiates Coverage on Demand Media Inc(NYSE:DMD). The shares have been rated Buy. The rating by Craig-Hallum was issued on Sep 12, 2016.

In a different note, Roth Capital said it Initiates Coverage on Demand Media Inc, according to a research note issued on Jun 29, 2016. The shares have been rated ‘Buy’ by the firm.

Demand Media Inc (DMD) made into the market gainers list on Tuesdays trading session with the shares advancing 0.51% or 0.03 points. Due to strong positive momentum, the stock ended at $5.89, which is also near the day’s high of $5.99. The stock began the session at $5.91 and the volume stood at 28,636 shares. The 52-week high of the shares is $6.4699 and the 52 week low is $3.94. The company has a current market capitalization of $120 M and it has 2,03,88,414 shares in outstanding.

Demand Media Inc(DMD) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $24.43M. Analysts had an estimated revenue of $25.77M. Earnings per share were $-0.25. Analysts had estimated an EPS of $-0.37.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2015, Sean P Moriarty (CEO) purchased 40,000 shares at $6.23 per share price.

Demand Media Inc. is an Internet company. The Company operates an online studio platform for the professional creation and distribution of content as well as two online artist marketplaces. Its business comprises two service offerings: Content & Media and Marketplaces. It creates media content including text articles videos photographs and designed visual formats. It also offers its content creation and distribution platform to provide custom content and other content marketing solutions to brands publishers and advertisers. Its Content & Media service offering includes an online content creation platform that publishes content to its owned and operated online properties. Through its Marketplaces service offering it operates two artist marketplaces where communities of artists market and sell original artwork or original designs printed on a variety of products. (Society6) provides an online commerce platform to feature and sell original designs.

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