Leafly (LFLY) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Leafly in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LFLY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LFLY, but not buy additional shares or sell existing shares.
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Leafly's stock was trading at $13.0380 at the beginning of 2023. Since then, LFLY stock has decreased by 51.8% and is now trading at $6.28.
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Leafly saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 23,100 shares, an increase of 99.1% from the August 31st total of 11,600 shares. Based on an average daily trading volume, of 23,100 shares, the short-interest ratio is currently 1.0 days. Currently, 1.5% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
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Leafly Holdings, Inc. (NASDAQ:LFLY) released its quarterly earnings data on Thursday, August, 10th. The company reported ($0.80) earnings per share for the quarter, topping the consensus estimate of ($1.80) by $1.00. The business had revenue of $10.68 million for the quarter, compared to the consensus estimate of $10.53 million. During the same period in the previous year, the firm posted ($4.20) earnings per share.

AXS Cannabis ETF holds 1,270,625 shares of LFLY stock, representing 2.50% of its portfolio.

Leafly's stock reverse split on the morning of Tuesday, September 12th 2023. The 1-20 reverse split was announced on Tuesday, September 12th 2023. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, September 12th 2023. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

Leafly issued an update on its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $11.00 million-$11.00 million, compared to the consensus revenue estimate of $10.93 million.

Leafly trades on the NASDAQ under the ticker symbol "LFLY."

Shares of LFLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LFLY stock can currently be purchased for approximately $6.28.

Leafly (NASDAQ:LFLY) has a market capitalization of $13.00 million and generates $47.36 million in revenue each year. The company earns $5.07 million in net income (profit) each year or ($1.40) on an earnings per share basis.

The company employs 140 workers across the globe.

Leafly's mailing address is 641 LEXINGTON AVENUE 18TH FLOOR, NEW YORK NY, 10022. The official website for the company is www.meridacap.com. The company can be reached via phone at 206-455-9504 or via email at ir@leafly.com.