In yesterday’s Wall Street session, Leafly Holdings Inc (NASDAQ:LFLY) shares traded at $2.60, up 28.71% from the previous session.
LFLY stock price is now 11.52% away from the 50-day moving average and -46.90% away from the 200-day moving average. The market capitalization of the company currently stands at $6.16M.
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With the price target of $12, Cowen recently initiated with Outperform rating for Leafly Holdings Inc (NASDAQ: LFLY).
In other news, Miyashita Yoko, CEO sold 671 shares of the company’s stock on Oct 26 ’23. The stock was sold for $4,680 at an average price of $6.97. Upon completion of the transaction, the CEO now directly owns 28,680 shares in the company, valued at $74568.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 26 ’23, CFO Krishnaswamy Suresh sold 489 shares of the business’s stock. A total of $3,410 was realized by selling the stock at an average price of $6.97. This leaves the insider owning 19,963 shares of the company worth $51903.8. A total of 21.72% of the company’s stock is owned by insiders.
During the past 12 months, Leafly Holdings Inc has had a low of $1.37 and a high of $16.00. The fifty day moving average price for LFLY is $2.32276 and a two-hundred day moving average price translates $4.874625 for the stock.
The latest earnings results from Leafly Holdings Inc (NASDAQ: LFLY) was released for 2024-03-31. The company reported revenue of $9.05 million for the quarter, compared to $11.25 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.57 percent.
Leafly Holdings Inc(LFLY) 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. Leafly Holdings, Inc. was founded in 2010 and is headquartered in Seattle, Washington.
