LM Funding America (NASDAQ:LMFA) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of LM Funding America (NASDAQ:LMFA) from a hold rating to a sell rating in a report released on Saturday.

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

LM Funding America Stock Performance

NASDAQ:LMFA traded down $0.14 on Friday, hitting $0.95. The stock had a trading volume of 3,158,283 shares, compared to its average volume of 2,042,843. The business’s 50-day simple moving average is $1.16 and its two-hundred day simple moving average is $1.72. The stock has a market cap of $14.71 million, a price-to-earnings ratio of -0.41 and a beta of 1.81. LM Funding America has a 52-week low of $0.85 and a 52-week high of $5.14. The company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 0.16.

LM Funding America (NASDAQ:LMFA) last released its quarterly earnings results on Friday, November 14th. The financial services provider reported ($0.49) EPS for the quarter, meeting the consensus estimate of ($0.49). The firm had revenue of $2.44 million during the quarter, compared to analyst estimates of $2.50 million. LM Funding America had a negative net margin of 129.10% and a negative return on equity of 33.65%. As a group, research analysts predict that LM Funding America will post -5.5 earnings per share for the current year.

Institutional Investors Weigh In On LM Funding America

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sabby Management LLC bought a new position in shares of LM Funding America in the third quarter worth about $728,000. Armistice Capital LLC lifted its holdings in LM Funding America by 28.4% in the 2nd quarter. Armistice Capital LLC now owns 397,899 shares of the financial services provider’s stock worth $1,138,000 after purchasing an additional 87,905 shares in the last quarter. Two Sigma Investments LP bought a new position in LM Funding America in the 3rd quarter worth approximately $100,000. GSA Capital Partners LLP purchased a new stake in LM Funding America during the 3rd quarter valued at approximately $70,000. Finally, Jane Street Group LLC bought a new stake in shares of LM Funding America during the second quarter valued at approximately $70,000. 22.73% of the stock is 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.