Demand Media

Shares of Demand Media Inc (NYSE: DMD) surged higher by more than 11 percent on Wednesday after the company announced it has completed the sale of its Cracked brand to E. W. Scripps Co (NYSE: SSP). Demand Media said it has received $39 million in cash for the digital-media humor brand, which it...

Goldman Sachs, which upgraded shares of Demand Media (NYSE: DMD), is providing some color on the stock. “We upgrade shares of DMD to Buy (from Neutral) as we believe the stock has negatively overreacted to the impact of Google's (NASDAQ: GOOG) ‘Panda 2' algorithm changes,” Goldman Sachs writes. “...

Goldman Sachs has upgraded Demand Media (NYSE: DMD) from Neutral to Buy and maintains its $21 price target.

According to Jefferies, Demand Media (NYSE: DMD) is upgraded to Buy. Jefferies said that DMD reported solid top-line/OIBDA beat on better PV's and RPM growth. “While O&O traffic growth will moderate short-term as the company works on improving its algo rankings post Google's Panda tweak,...

Jefferies & Company has upgraded Demand Media (NYSE: DMD) from Hold to Buy and maintains its $22 price target.

Goldman Sachs has initiated coverage on Demand Media, Inc. (NYSE: DMD) with a Neutral rating and $25 price target.

Content farm Demand Media announced today that it has filed the necessary paperwork for an IPO today with the Securities & Exchange Commission. Demand Media has generated revenue of $114 million this year, and has a net income of negative $22 million. Almost all of that comes from traffic and...