Leafly (NASDAQ:LFLY) Stock Price Up 1.3% – Here’s What Happened

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

Wall Street Analyst Weigh In

Separately, Westpark Capital restated a “buy” rating and set a $9.18 price objective on shares of Leafly in a research report on Friday, November 8th.

Leafly Price Performance

The stock has a 50 day moving average price of $1.54 and a 200-day moving average price of $1.88. The stock has a market capitalization of $5.03 million, a price-to-earnings ratio of -0.71 and a beta of 0.91.

Institutional Trading of Leafly

An institutional investor recently bought a new position in Leafly stock. Renaissance Technologies LLC acquired a new stake in Leafly Holdings, Inc. (NASDAQ:LFLY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter. Institutional investors own 15.55% of the company’s stock.

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.