FitLife Brands (NASDAQ:FTLF) Rating Increased to Hold at Zacks Research

FitLife Brands (NASDAQ:FTLF) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Weiss Ratings cut FitLife Brands from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Lake Street Capital cut their price target on shares of FitLife Brands from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

FitLife Brands Trading Down 0.5%

FTLF stock opened at $11.06 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 1.52 and a debt-to-equity ratio of 0.78. The company has a market cap of $103.86 million, a price-to-earnings ratio of 18.31 and a beta of 0.01. The business has a fifty day simple moving average of $10.61 and a 200-day simple moving average of $12.57. FitLife Brands has a 52 week low of $8.67 and a 52 week high of $20.98.

FitLife Brands (NASDAQ:FTLF) last issued its earnings results on Thursday, May 14th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $25.32 million for the quarter. FitLife Brands had a return on equity of 18.31% and a net margin of 6.64%. On average, equities research analysts expect that FitLife Brands will post 0.83 EPS for the current year.

Institutional Trading of FitLife Brands

A number of hedge funds and other institutional investors have recently modified their holdings of FTLF. Geode Capital Management LLC lifted its stake in shares of FitLife Brands by 101.4% in the second quarter. Geode Capital Management LLC now owns 90,746 shares of the company’s stock worth $1,182,000 after acquiring an additional 45,690 shares in the last quarter. Stifel Financial Corp purchased a new position in FitLife Brands in the fourth quarter valued at about $657,000. UBS Group AG grew its stake in FitLife Brands by 592.7% during the 3rd quarter. UBS Group AG now owns 35,531 shares of the company’s stock valued at $707,000 after purchasing an additional 30,402 shares in the last quarter. Townsend & Associates Inc acquired a new stake in FitLife Brands during the 4th quarter valued at approximately $260,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in FitLife Brands during the 4th quarter worth approximately $263,000. 2.32% of the stock is owned by hedge funds and other institutional investors.

FitLife Brands Company Profile

FitLife Brands, Inc provides nutritional supplements for health-conscious consumers in the United States and internationally. The company provides weight loss, sports nutrition, and general health products; sports nutrition products; weight loss and sports nutrition products; sports nutrition and general wellness formulations with an emphasis on natural, vegan, and organic ingredients; and male health and weight loss products, as well as other diet, health, and sports nutrition supplements and related products; and value-oriented sports nutrition and weight loss products.