Leafly’s (LFLY) “Buy” Rating Reiterated at Westpark Capital

Westpark Capital reiterated their buy rating on shares of Leafly (NASDAQ:LFLY) in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a $9.18 target price on the stock.

Leafly Price Performance

NASDAQ LFLY opened at $1.47 on Friday. Leafly has a fifty-two week low of $1.32 and a fifty-two week high of $6.79. The business has a fifty day moving average of $1.91 and a 200-day moving average of $2.05. The stock has a market cap of $3.78 million, a price-to-earnings ratio of -0.63 and a beta of 0.95.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Leafly stock. Renaissance Technologies LLC acquired a new stake in shares of Leafly Holdings, Inc. (NASDAQ:LFLY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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. 15.55% of the stock is owned by institutional investors and hedge funds.

About Leafly

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.