FY2024 EPS Estimates for LM Funding America, Inc. (NASDAQ:LMFA) Lifted by HC Wainwright

LM Funding America, Inc. (NASDAQ:LMFA) – Stock analysts at HC Wainwright boosted their FY2024 earnings per share (EPS) estimates for shares of LM Funding America in a note issued to investors on Wednesday, April 3rd. HC Wainwright analyst K. Dede now anticipates that the financial services provider will post earnings per share of ($4.28) for the year, up from their prior estimate of ($6.00). HC Wainwright has a “Neutral” rating on the stock. The consensus estimate for LM Funding America’s current full-year earnings is ($4.28) per share.

LM Funding America Trading Down 2.7 %

Shares of LM Funding America stock opened at $3.25 on Friday. The business has a 50-day moving average price of $3.10 and a two-hundred day moving average price of $2.84. LM Funding America has a 1-year low of $1.63 and a 1-year high of $8.22. The company has a market cap of $8.09 million, a P/E ratio of -0.45 and a beta of 1.11.

Institutional Trading of LM Funding America

A hedge fund recently raised its stake in LM Funding America stock. Renaissance Technologies LLC increased its position in LM Funding America, Inc. (NASDAQ:LMFA) by 12.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,100 shares of the financial services provider’s stock after buying an additional 19,705 shares during the period. Renaissance Technologies LLC owned 1.32% of LM Funding America worth $168,000 at the end of the most recent reporting period. 22.73% of the stock is owned by institutional investors and hedge funds.

About LM Funding America

LM Funding America, Inc operates as a cryptocurrency mining and technology-based specialty finance company. It engages in Bitcoin mining operations. The company also provides funding to nonprofit community associations primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois.