California Public Employees Retirement System continued to hold its stake in shares of Demand Media Inc. (NYSE:DMD) during the second quarter, Holdings Channel reports. The firm owned 200,040 shares of the company’s stock at the end of the second quarter. California Public Employees Retirement System owned about 0.99% of Demand Media worth $1,034,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of DMD. Emerald Acquisition Ltd. purchased a new position in shares of Demand Media during the second quarter worth approximately $162,000. AXA boosted its position in shares of Demand Media by 11.3% in the first quarter. AXA now owns 31,951 shares of the company’s stock worth $160,000 after buying an additional 3,251 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its position in shares of Demand Media by 48.3% in the second quarter. Punch & Associates Investment Management Inc. now owns 580,600 shares of the company’s stock worth $3,002,000 after buying an additional 189,000 shares during the last quarter. Finally, Osmium Partners LLC boosted its position in shares of Demand Media by 12.1% in the first quarter. Osmium Partners LLC now owns 1,861,178 shares of the company’s stock worth $9,306,000 after buying an additional 201,172 shares during the last quarter. Institutional investors and hedge funds own 58.64% of the company’s stock.
Shares of Demand Media Inc. (NYSE:DMD) traded up 0.424% during trading on Monday, reaching $5.925. 2,659 shares of the company traded hands. The firm’s 50 day moving average is $5.75 and its 200-day moving average is $5.57. The stock’s market capitalization is $120.80 million. Demand Media Inc. has a 12-month low of $4.08 and a 12-month high of $6.47.
Demand Media (NYSE:DMD) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.12. The firm earned $24.40 million during the quarter, compared to the consensus estimate of $25.77 million. Demand Media had a negative net margin of 8.55% and a negative return on equity of 30.25%. The company’s quarterly revenue was down 18.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.24) earnings per share. On average, equities research analysts anticipate that Demand Media Inc. will post ($1.14) earnings per share for the current fiscal year.
A number of research firms recently weighed in on DMD. Jefferies Group restated a “hold” rating and issued a $6.00 price objective on shares of Demand Media in a report on Tuesday, September 6th. TheStreet downgraded Demand Media from a “hold” rating to an “e+” rating in a report on Friday, July 29th. B. Riley restated a “buy” rating and issued a $9.00 price objective on shares of Demand Media in a report on Friday, August 5th. Roth Capital began coverage on Demand Media in a report on Wednesday, June 29th. They issued a “buy” rating and a $8.00 price objective for the company. Finally, Zacks Investment Research downgraded Demand Media from a “hold” rating to a “sell” rating in a report on Monday, June 20th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $7.75.
Demand Media Company Profile
Demand Media, Inc is an Internet company. The Company builds platforms across its media and marketplaces properties to enable communities of creators to reach audiences in various lifestyle categories. The Company’s service offerings include Content and Media, and Marketplaces. Its Content and Media service offering includes its owned and operated online properties that publish media content.
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