Armistice Capital Lowers stake in Demand Media Inc (DMD)

Demand Media Inc (DMD) : Armistice Capital reduced its stake in Demand Media Inc by 5.19% during the most recent quarter end. The investment management company now holds a total of 1,096,000 shares of Demand Media Inc which is valued at $6,378,720 after selling 60,000 shares in Demand Media Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Demand Media Inc makes up approximately 2.87% of Armistice Capital’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp boosted its stake in DMD in the latest quarter, The investment management firm added 25,527 additional shares and now holds a total of 45,130 shares of Demand Media Inc which is valued at $262,657. Spark Investment Management added DMD to its portfolio by purchasing 65,400 company shares during the most recent quarter which is valued at $380,628. Demand Media Inc makes up approx 0.03% of Spark Investment Management’s portfolio.Group One Trading boosted its stake in DMD in the latest quarter, The investment management firm added 44,400 additional shares and now holds a total of 57,200 shares of Demand Media Inc which is valued at $332,904. Demand Media Inc makes up approx 0.03% of Group One Trading’s portfolio.Renaissance Technologies boosted its stake in DMD in the latest quarter, The investment management firm added 204,900 additional shares and now holds a total of 639,200 shares of Demand Media Inc which is valued at $3,720,144. Demand Media Inc makes up approx 0.01% of Renaissance Technologies’s portfolio.Blackrock Investment Management boosted its stake in DMD in the latest quarter, The investment management firm added 208 additional shares and now holds a total of 2,131 shares of Demand Media Inc which is valued at $12,402.

Demand Media Inc opened for trading at $5.68 and hit $5.8199 on the upside on Wednesday, eventually ending the session at $5.66, with a gain of 0.18% or 0.01 points. The heightened volatility saw the trading volume jump to 33,036 shares. Company has a market cap of $115 M.

On the company’s financial health, Demand Media Inc reported $-0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.37. The company had revenue of $24.40 million for the quarter, 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. 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.

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