Leaf Group (LEAF) Receives a Buy from Canaccord Genuity

By Carrie Williams

In a report released yesterday, Maria Ripps from Canaccord Genuity maintained a Buy rating on Leaf Group (LEAFResearch Report), with a price target of $9.00. The company’s shares closed last Thursday at $6.17.

According to TipRanks.com, Ripps is a top 100 analyst with an average return of 64.7% and a 74.7% 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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The company has a one-year high of $7.45 and a one-year low of $1.03. Currently, Leaf Group has an average volume of 199K.

Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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.