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

Westpark Capital restated their buy rating on shares of Leafly (NASDAQ:LFLY) in a research note published on Friday morning,Benzinga reports. The firm currently has a $9.18 target price on the stock.

Leafly Trading Down 1.3 %

Leafly stock traded down $0.02 during trading hours on Friday, reaching $1.47. 62,307 shares of the stock were exchanged, compared to its average volume of 42,145. Leafly has a twelve month low of $1.32 and a twelve month high of $7.00. The stock has a 50 day moving average of $1.92 and a two-hundred day moving average of $2.06.

Leafly (NASDAQ:LFLY) last announced its quarterly earnings data 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 Inflows and Outflows

A hedge fund recently bought a new stake in Leafly stock. Renaissance Technologies LLC bought a new position in Leafly Holdings, Inc. (NASDAQ:LFLY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,301 shares of the company’s stock, valued at approximately $33,000. Renaissance Technologies LLC owned about 0.66% of Leafly at the end of the most recent quarter. 15.55% of the stock is currently 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.