Demand Media Inc (DMD) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $-0.25 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $-0.37. The company posted revenue of $24.40 million in the period, compared to analysts expectations of $25.75 million. The company’s revenue was down -18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.24 EPS.
Many Wall Street Analysts have commented on Demand Media Inc. Demand Media Inc was Initiated by ROTH Capital to “Buy” on Jun 29, 2016.
Demand Media Inc opened for trading at $5.85 and hit $5.925 on the upside on Tusday, eventually ending the session at $5.82, with a gain of 0.17% or 0.01 points. The heightened volatility saw the trading volume jump to 49,340 shares. Company has a market cap of $119 M.
In a different news, on Jun 16, 2015, Sean P Moriarty (CEO) purchased 40,000 shares at $6.23 per share price.
Demand Media Inc. is an Internet company. The Company operates an online studio platform for the professional creation and distribution of content as well as two online artist marketplaces. Its business comprises two service offerings: Content & Media and Marketplaces. It creates media content including text articles videos photographs and designed visual formats. It also offers its content creation and distribution platform to provide custom content and other content marketing solutions to brands publishers and advertisers. Its Content & Media service offering includes an online content creation platform that publishes content to its owned and operated online properties. Through its Marketplaces service offering it operates two artist marketplaces where communities of artists market and sell original artwork or original designs printed on a variety of products. Society6.com (Society6) provides an online commerce platform to feature and sell original designs.