Leafly (NASDAQ:LFLY) Trading Down 5.3%

Leafly Holdings, Inc. (NASDAQ:LFLY – Get Rating) shares fell 5.3% during mid-day trading on Tuesday . The stock traded as low as $0.58 and last traded at $0.59. 249,842 shares were traded during trading, an increase of 72% from the average session volume of 144,922 shares. The stock had previously closed at $0.62.

Leafly Stock Down 5.3 %

The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 131.75. The firm has a market cap of $23.49 million, a PE ratio of 9.78 and a beta of 1.34. The firm’s 50 day moving average is $0.66 and its 200-day moving average is $1.56.

Leafly (NASDAQ:LFLY – Get Rating) last announced its quarterly earnings data on Thursday, November 10th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.03. The firm had revenue of $11.78 million for the quarter, compared to analysts’ expectations of $11.75 million. As a group, equities research analysts expect that Leafly Holdings, Inc. will post 0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Leafly

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE acquired a new position in Leafly during the first quarter worth approximately $31,000. JPMorgan Chase & Co. acquired a new position in Leafly during the first quarter worth approximately $41,000. Northern Trust Corp increased its position in Leafly by 12.9% during the second quarter. Northern Trust Corp now owns 51,112 shares of the company’s stock worth $230,000 after purchasing an additional 5,853 shares during the last quarter. Advisor Group Holdings Inc. acquired a new position in Leafly during the first quarter worth approximately $93,000. Finally, State Street Corp increased its position in Leafly by 9.0% during the third quarter. State Street Corp now owns 175,391 shares of the company’s stock worth $119,000 after purchasing an additional 14,500 shares during the last quarter. Institutional investors and hedge funds own 16.52% of the company’s stock.

About Leafly

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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.