Should I buy or sell Leafly stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Leafly in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" LFLY shares. View LFLY analyst ratings or view top-rated stocks .

What is Leafly's stock price target for 2024?

2 brokerages have issued 12 month price targets for Leafly's shares. Their LFLY share price targets range from $6.00 to $6.00. On average, they anticipate the company's stock price to reach $6.00 in the next twelve months. This suggests a possible upside of 176.5% from the stock's current price. View analysts price targets for LFLY or view top-rated stocks among Wall Street analysts .

How have LFLY shares performed in 2024?

Leafly's stock was trading at $4.81 at the beginning of the year. Since then, LFLY stock has decreased by 54.9% and is now trading at $2.17. View the best growth stocks for 2024 here .

Are investors shorting Leafly?

Leafly saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 18,400 shares, a decrease of 48.5% from the March 15th total of 35,700 shares. Based on an average daily volume of 45,200 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.2% of the shares of the company are sold short. View Leafly's Short Interest .

When is Leafly's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024. View our LFLY earnings forecast .

How were Leafly's earnings last quarter?

Leafly Holdings, Inc. (NASDAQ:LFLY) released its earnings results on Thursday, August, 10th. The company reported ($0.80) EPS for the quarter, topping analysts' consensus estimates of ($1.80) by $1.00. The business earned $10.68 million during the quarter, compared to analysts' expectations of $10.53 million. During the same quarter last year, the business earned ($4.20) earnings per share.

What ETF holds Leafly's stock?

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

When did Leafly's stock split?

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 closing bell 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.

What guidance has Leafly issued on next quarter's earnings?

Leafly updated its first quarter 2024 earnings guidance on Thursday, March, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $9.0 million-$9.0 million, compared to the consensus revenue estimate of $9.2 million.

How do I buy shares of Leafly?

Shares of LFLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:LFLY

Leafly (LFLY) Stock Price, News & Analysis

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$2.17

-0.05 (-2.25%)

(As of 04/19/2024 ET)

Compare

Today's Range: $2.12
▼
$2.30
50-Day Range: $1.98
▼
$3.79
52-Week Range: $1.96
▼
$16.00

Volume: 7,321 shs
Average Volume: 105,245 shs
Market Capitalization: $4.99 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $6.00

Get Leafly alerts:

Leafly MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 176.5% Upside
$6.00 Price Target
Short Interest: Healthy
1.15% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.82
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.48 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Leafly has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Leafly has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.15% of the float of Leafly has been sold short.
Short Interest Ratio / Days to Cover
Leafly has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Leafly has recently decreased by 48.46%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Leafly does not currently pay a dividend.
Dividend Growth
Leafly does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LFLY.

3.8

News and Social Media Coverage

News Sentiment
Leafly has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Leafly this week, compared to 0 articles on an average week.
Search Interest
1 people have searched for LFLY on MarketBeat in the last 30 days.
MarketBeat Follows
3 people have added Leafly to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Leafly insiders have not sold or bought any company stock.
Percentage Held by Insiders
11.30% of the stock of Leafly is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 15.55% of the stock of Leafly is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Leafly is -0.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Leafly is -0.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

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About Leafly Stock (NASDAQ:LFLY)

Leafly Holdings, Inc. owns and operates a platform to provide consumers with cannabis information and connects consumers to cannabis brands and licensed retailers. The company offers subscription-based marketplace listings, digital advertising solutions, and software as a service-based tools to cannabis retailers; and information, reviews, menus, and ordering and delivery options to its audience through its website and mobile applications. Leafly Holdings, Inc. was founded in 2010 and is headquartered in Seattle, Washington.

LFLY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

LFLY Stock News Headlines

April 19, 2024 | msn.com

Canopy Growth, Aurora climb amid SAFER Banking Act push

April 17, 2024 | msn.com

Leafly Holdings (LFLY) Price Target Decreased by 45.45% to 6.12

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 11, 2024 | americanbankingnews.com

Leafly Holdings, Inc. (NASDAQ:LFLY) Sees Significant Decline in Short Interest

April 9, 2024 | finance.yahoo.com

Leafly Holdings, Inc. (NASDAQ:LFLY) Q4 2023 Earnings Call Transcript

April 6, 2024 | msn.com

Leafly wins cannabis advertising case as New York court strikes down pot-marketing ban

April 5, 2024 | msn.com

Leafly stock rises after NY court strikes down advertising ban for cannabis

April 5, 2024 | msn.com

Leafly stock on track for higher opening after NY court ruling strikes down advertising ban for cannabis

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 4, 2024 | msn.com

Judge walks back order invalidating all of New York’s cannabis regulations

March 28, 2024 | benzinga.com

Leafly Holdings: Q4 Earnings Insights

March 28, 2024 | businesswire.com

Leafly Holdings, Inc. Announces Appointment of Two Cannabis Industry Veterans to Its Board

March 28, 2024 | businesswire.com

Leafly Holdings, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

March 5, 2024 | businesswire.com

Leafly to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on March 28, 2024

December 5, 2023 | msn.com

This Is The Hottest Weed Strain Of The Year: An Indica Hybrid That Will Surprise You

December 5, 2023 | finance.yahoo.com

Leafly 2023 Cannabis Strain of the Year is "Permanent Marker"

November 12, 2023 | finance.yahoo.com

Leafly Holdings, Inc. (NASDAQ:LFLY) Q3 2023 Earnings Call Transcript

November 10, 2023 | benzinga.com

Difficult Environment For Cannabis Retail And Brand Customers Reflected In Leafly's Q3 Results

November 9, 2023 | msn.com

Leafly Holdings GAAP EPS of -$1.10 in-line, revenue of $10.6M misses by $0.37M

November 9, 2023 | finance.yahoo.com

Leafly Holdings, Inc. Reports Third Quarter 2023 Financial Results

November 1, 2023 | benzinga.com

Want To Increase The Value Of Your Home? Legalizing Weed Sparks A 41% Jump, Study Shows

October 20, 2023 | benzinga.com

Leafly Celebrates 3rd Annual International Budtenders Day

October 20, 2023 | finance.yahoo.com

Leafly to Announce Third Quarter 2023 Financial Results on November 9, 2023

October 5, 2023 | msn.com

Leafly Holdings (LFLY) Price Target Increased by 1900.00% to 40.80

October 2, 2023 | finance.yahoo.com

Leafly Regains Compliance with Nasdaq Minimum Bid Price Requirement

September 26, 2023 | benzinga.com

Leafly Announces New API for Order Integration

September 23, 2023 | benzinga.com

Court Orders Temporary Block On NY Cannabis Regulations As Legal Battle Over Weed Advertising Heats Up

See More Headlines

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Company Calendar

Last Earnings: 8/10/2023
Today: 4/20/2024
Next Earnings (Estimated): 5/09/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:LFLY
CUSIP: N/A
CIK: 1785592
Web: www.meridacap.com
Phone: 206-455-9504
Fax: N/A
Employees: 130
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $6.00
High Stock Price Target: $6.00
Low Stock Price Target: $6.00
Potential Upside/Downside: +176.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($4.92)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-9,500,000.00
Net Margins: -22.48%
Pretax Margin: -22.48%
Return on Equity: N/A
Return on Assets: -39.85%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.74
Quick Ratio: 3.74

Sales & Book Value

Annual Sales: $42.25 million
Price / Sales: 0.12
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($5.72) per share
Price / Book: -0.38

Miscellaneous

Outstanding Shares: 2,300,000
Free Float: 2,042,000
Market Cap: $4.99 million
Optionable: Optionable
Beta: 1.06

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Key Executives

Ms. Yoko Miyashita (Age 48)
President, CEO & Director
Comp: $429.56k
Mr. Suresh Krishnaswamy (Age 55)
Chief Financial Officer
Comp: $400.07k
Ms. Nicole C. Sanchez
General Counsel & Secretary
Ms. Deidre Boulware
Chief People Officer
Mr. Carlos Pinto
Chief Commercial Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LFLY Stock Analysis - Frequently Asked Questions

Should I buy or sell Leafly stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Leafly in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" LFLY shares.
View LFLY analyst ratings or view top-rated stocks.
What is Leafly's stock price target for 2024?: 2 brokerages have issued 12 month price targets for Leafly's shares. Their LFLY share price targets range from $6.00 to $6.00. On average, they anticipate the company's stock price to reach $6.00 in the next twelve months. This suggests a possible upside of 176.5% from the stock's current price.
View analysts price targets for LFLY or view top-rated stocks among Wall Street analysts.
How have LFLY shares performed in 2024?: Leafly's stock was trading at $4.81 at the beginning of the year. Since then, LFLY stock has decreased by 54.9% and is now trading at $2.17.
View the best growth stocks for 2024 here.
Are investors shorting Leafly?: Leafly saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 18,400 shares, a decrease of 48.5% from the March 15th total of 35,700 shares. Based on an average daily volume of 45,200 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.2% of the shares of the company are sold short.
View Leafly's Short Interest.
When is Leafly's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our LFLY earnings forecast.
How were Leafly's earnings last quarter?: Leafly Holdings, Inc. (NASDAQ:LFLY) released its earnings results on Thursday, August, 10th. The company reported ($0.80) EPS for the quarter, topping analysts' consensus estimates of ($1.80) by $1.00. The business earned $10.68 million during the quarter, compared to analysts' expectations of $10.53 million. During the same quarter last year, the business earned ($4.20) earnings per share.

What ETF holds Leafly's stock?: AXS Cannabis ETF holds 1,270,625 shares of LFLY stock, representing 2.50% of its portfolio.
When did Leafly's stock split?: 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 closing bell 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.
What guidance has Leafly issued on next quarter's earnings?: Leafly updated its first quarter 2024 earnings guidance on Thursday, March, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $9.0 million-$9.0 million, compared to the consensus revenue estimate of $9.2 million.
How do I buy shares of Leafly?: Shares of LFLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:LFLY) was last updated on 4/20/2024 by MarketBeat.com Staff

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Leafly (LFLY) Stock Price, News & Analysis

Leafly MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Leafly Stock (NASDAQ:LFLY)

LFLY Stock Price History

LFLY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

LFLY Stock Analysis - Frequently Asked Questions

Overall MarketRank^™