LM Funding America (NASDAQ:LMFA) Raised to Hold at Wall Street Zen

LM Funding America (NASDAQ:LMFA) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Friday.

LMFA has been the subject of a number of other research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of LM Funding America in a research report on Wednesday, October 8th. HC Wainwright raised shares of LM Funding America from a “neutral” rating to a “buy” rating and set a $5.00 price objective for the company in a report on Friday, August 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, LM Funding America has a consensus rating of “Hold” and an average price target of $5.00.

LM Funding America Trading Up 0.4%

Shares of LMFA opened at $0.97 on Friday. The firm has a 50 day simple moving average of $1.09 and a 200-day simple moving average of $1.66. The stock has a market cap of $11.79 million, a price-to-earnings ratio of -0.42 and a beta of 1.81. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. LM Funding America has a 1-year low of $0.75 and a 1-year high of $5.14.

LM Funding America (NASDAQ:LMFA) last issued its quarterly earnings data on Friday, November 14th. The financial services provider reported ($0.49) earnings per share for the quarter, meeting the consensus estimate of ($0.49). The firm had revenue of $2.44 million for the quarter, compared to the consensus estimate of $2.50 million. LM Funding America had a negative net margin of 83.44% and a negative return on equity of 30.25%. Equities analysts forecast that LM Funding America will post -5.5 EPS for the current fiscal year.

Institutional Trading of LM Funding America

A number of hedge funds and other institutional investors have recently made changes to their positions in LMFA. Citadel Advisors LLC bought a new stake in LM Funding America during the third quarter worth approximately $139,000. Anson Funds Management LP acquired a new stake in shares of LM Funding America during the 3rd quarter valued at $1,608,000. Two Sigma Investments LP acquired a new stake in shares of LM Funding America during the 3rd quarter valued at $100,000. Sabby Management LLC bought a new stake in shares of LM Funding America during the 3rd quarter worth $728,000. Finally, GSA Capital Partners LLP acquired a new position in shares of LM Funding America in the 3rd quarter worth $70,000. 22.73% of the stock is currently owned by institutional investors.

LM Funding America Company Profile

LM Funding America, Inc operates as a cryptocurrency mining and specialty finance company. It operates through two segments, Specialty Finance and Mining Operations. The company also engages in Bitcoin mining operations; and provides funding to nonprofit community associations. The company was founded in 2008 and is based in Tampa, Florida.