Leafly Holdings, Inc. (NASDAQ:LFLY – Get Free Report)’s stock price was down 1.2% during trading on Monday . The stock traded as low as $2.31 and last traded at $2.37. Approximately 28,287 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 433,937 shares. The stock had previously closed at $2.40.
Wall Street Analyst Weigh In
Separately, Benchmark reduced their price objective on Leafly from $11.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, April 1st.
Get Our Latest Analysis on LFLY
Leafly Price Performance
Leafly (NASDAQ:LFLY – Get Free Report) last announced its earnings results on Thursday, May 9th. The company reported ($1.09) earnings per share (EPS) for the quarter. The company had revenue of $9.05 million for the quarter. During the same period last year, the firm posted ($2.80) earnings per share.
Hedge Funds Weigh In On Leafly
An institutional investor recently raised its position in Leafly stock. AXS Investments LLC increased its position in Leafly Holdings, Inc. (NASDAQ:LFLY – Free Report) by 63.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,337 shares of the company’s stock after buying an additional 45,963 shares during the quarter. AXS Investments LLC owned about 5.43% of Leafly worth $569,000 at the end of the most recent reporting period. 15.55% of the stock is owned by institutional investors.
About Leafly
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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