Leafly (NASDAQ:LFLY) Trading Up 1.3% – Still a Buy?

Leafly Holdings, Inc. (NASDAQ:LFLY) shares traded up 1.3% on Friday . The stock traded as high as $1.68 and last traded at $1.64. 17,148 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 18,174 shares. The stock had previously closed at $1.62.

Analyst Upgrades and Downgrades

Separately, Westpark Capital reaffirmed a “buy” rating and issued a $9.18 target price on shares of Leafly in a research note on Friday, November 8th.

Leafly Stock Up 1.3 %

The firm has a market capitalization of $5.03 million, a price-to-earnings ratio of -0.71 and a beta of 0.91. The company’s fifty day moving average is $1.54 and its two-hundred day moving average is $1.88.

Hedge Funds Weigh In On Leafly

A hedge fund recently bought a new stake in Leafly stock. Renaissance Technologies LLC acquired a new stake in shares of Leafly Holdings, Inc. (NASDAQ:LFLY) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,301 shares of the company’s stock, valued at approximately $33,000. Renaissance Technologies LLC owned 0.66% of Leafly as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 15.55% of the company’s stock.

Leafly Company Profile

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.