Investment banking firm WestPark Capital has initiated coverage of Leafly Holdings (NASDAQ:LFLY) with a Hold recommendation, according to reports from Fintel.
As of May 11, 2023, the average one-year price target for Leafly Holdings is $2.55, implying a significant increase of 672.26% from its closing price of $0.33.
The projected annual revenue for Leafly Holdings is $54 million, an increase of 15.47%, while the projected annual non-GAAP EPS is -$0.39.
In the last quarter, the number of funds or institutions reporting positions in Leafly Holdings decreased by 9 owner(s) or 7.03%. The average portfolio weight of all funds dedicated to LFLY is 0.03%, increasing by 379.92%, and total shares owned by institutions have decreased by 2.31% to 8,122K shares. The put/call ratio of LFLY is 0.01, indicating a bullish outlook.
AXS Investments holds 1,182K shares, representing 3.00% ownership of the company, while THCX – AXS Cannabis ETF holds 1,162K shares, representing 2.95% ownership. Furthermore, THCX – The Cannabis ETF holds 493K shares, representing 1.25% ownership, and MJ – ETFMG Alternative Harvest ETF holds 468K shares, representing 1.19% ownership.
Vanguard Extended Market Index Fund Investor Shares holds 366K shares, representing 0.93% ownership. The firm decreased its portfolio allocation in LFLY by 7.85% over the last quarter.
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This story was originally published on Fintel.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
