Westpark Capital Reiterates “Buy” Rating for Leafly (NASDAQ:LFLY)

Leafly (NASDAQ:LFLY)‘s stock had its “buy” rating restated by Westpark Capital in a report issued on Friday,Benzinga reports. They presently have a $9.18 price target on the stock.

Leafly Trading Down 1.3 %

Shares of NASDAQ:LFLY opened at $1.47 on Friday. The firm has a market capitalization of $3.78 million, a PE ratio of -0.50 and a beta of 0.95. Leafly has a 1-year low of $1.32 and a 1-year high of $7.00. The business’s 50 day moving average is $1.92 and its 200-day moving average is $2.06.

Leafly (NASDAQ:LFLY) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.55) earnings per share (EPS) for the quarter. The business had revenue of $8.72 million for the quarter.

Institutional Investors Weigh In On Leafly

A hedge fund recently bought a new position in Leafly stock. Renaissance Technologies LLC purchased a new stake in Leafly Holdings, Inc. (NASDAQ:LFLY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,301 shares of the company’s stock, valued at approximately $33,000. Renaissance Technologies LLC owned approximately 0.66% of Leafly at the end of the most recent reporting period. 15.55% of the stock is owned by institutional investors and hedge funds.

Leafly 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. The company offers subscription-based marketplace listings, digital advertising solutions, and software as a service-based tools to cannabis retailers; and information, reviews, menus, and ordering and delivery options to its audience through its website and mobile applications.