Leafly (LFLY) to Release Quarterly Earnings on Thursday

Leafly (NASDAQ:LFLYGet Rating) will be announcing its earnings results after the market closes on Thursday, August 11th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Leafly has set its FY 2022 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Leafly (NASDAQ:LFLYGet Rating) last released its quarterly earnings results on Thursday, May 12th. The company reported ($0.24) earnings per share for the quarter. The firm had revenue of $11.42 million for the quarter. On average, analysts expect Leafly to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Leafly Stock Performance

NASDAQ LFLY opened at $5.10 on Thursday. The company’s fifty day moving average is $5.87. Leafly has a 12 month low of $4.00 and a 12 month high of $11.58.

Institutional Trading of Leafly

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new position in Leafly during the 1st quarter valued at about $31,000. JPMorgan Chase & Co. bought a new position in Leafly in the 1st quarter worth approximately $41,000. Advisor Group Holdings Inc. acquired a new stake in Leafly in the 1st quarter valued at approximately $93,000. Charles Schwab Investment Management Inc. bought a new stake in Leafly during the 1st quarter valued at $124,000. Finally, Northern Trust Corp acquired a new position in Leafly during the 1st quarter worth $375,000. 94.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LFLY shares. Oppenheimer initiated coverage on Leafly in a research note on Wednesday, May 18th. They set a “market perform” rating on the stock. Cowen started coverage on Leafly in a research note on Friday, May 20th. They set an “outperform” rating on the stock. Finally, Cowen initiated coverage on shares of Leafly in a research note on Friday, May 20th. They set an “outperform” rating and a $12.00 target price for the company.

Leafly Company Profile

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Leafly Holdings, Inc owns and operates a platform to provide consumers with cannabis information and connects consumers to cannabis brands and licensed retailers. It offers subscription-based marketplace listings, digital advertising solutions, and software as a service-based tools to cannabis retailers and brands; and information, reviews, menus, and ordering and delivery options to its audience through its website and mobile applications.

Further Reading

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