Leafly (NASDAQ:LFLY) Stock Price Up 1.3% – Here’s Why

Leafly Holdings, Inc. (NASDAQ:LFLYGet Free Report)’s share price traded up 1.3% during trading on Friday . The stock traded as high as $1.68 and last traded at $1.64. 17,148 shares were traded during trading, a decline of 6% from the average session volume of 18,174 shares. The stock had previously closed at $1.62.

Analyst Ratings Changes

Separately, Westpark Capital reissued a “buy” rating and issued a $9.18 target price on shares of Leafly in a research note on Friday, November 8th.

Read Our Latest Stock Analysis on Leafly

Leafly Stock Performance

The firm’s fifty day simple moving average is $1.54 and its 200 day simple moving average is $1.88. The stock has a market capitalization of $5.03 million, a price-to-earnings ratio of -0.71 and a beta of 0.91.

Institutional Investors Weigh In On Leafly

A hedge fund recently bought a new stake in Leafly stock. Renaissance Technologies LLC bought a new position in shares of Leafly Holdings, Inc. (NASDAQ:LFLYFree Report) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 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 quarter. 15.55% of the stock is currently owned by institutional investors and hedge funds.

Leafly Company Profile

(Get Free Report)

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.

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