Leafly (NASDAQ:LFLY) Now Covered by Analysts at Cowen

Stock analysts at Cowen began coverage on shares of Leafly (NASDAQ:LFLYGet Rating) in a research note issued on Friday, The Fly reports. The brokerage set an “outperform” rating on the stock.

Separately, Oppenheimer initiated coverage on shares of Leafly in a research report on Wednesday. They issued a “market perform” rating for the company.

Shares of LFLY stock opened at $9.75 on Friday. Leafly has a 52 week low of $5.27 and a 52 week high of $11.58. The firm has a 50 day simple moving average of $9.39.

Leafly (NASDAQ:LFLYGet Rating) last issued its quarterly earnings results on Tuesday, March 29th. The company reported ($0.07) EPS for the quarter. The business had revenue of $12.08 million for the quarter.

Several institutional investors and hedge funds have recently made changes to their positions in the company. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of Leafly in the 1st quarter valued at $12,192,000. Founders Fund V Management LLC acquired a new stake in shares of Leafly in the 1st quarter valued at $2,933,000. State Street Corp acquired a new stake in shares of Leafly in the 1st quarter valued at $544,000. Northern Trust Corp acquired a new stake in shares of Leafly in the 1st quarter valued at $375,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of Leafly in the 1st quarter valued at $124,000. Institutional investors and hedge funds own 94.11% of the company’s stock.

Leafly Company Profile (Get Rating)

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

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