FitLife Brands (NASDAQ:FTLF) Shares Down 7.1% – What’s Next?

Shares of FitLife Brands Inc. (NASDAQ:FTLF) dropped 7.1% during mid-day trading on Friday . The company traded as low as $10.78 and last traded at $11.08. Approximately 374,254 shares were traded during mid-day trading, an increase of 1,392% from the average session volume of 25,090 shares. The stock had previously closed at $11.93.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Zacks Research downgraded FitLife Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. Weiss Ratings cut FitLife Brands from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Finally, Lake Street Capital cut their target price on FitLife Brands from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $21.50.

FitLife Brands Stock Down 7.1%

The business has a 50-day moving average of $10.13 and a 200-day moving average of $13.15. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.49 and a current ratio of 1.52. The stock has a market capitalization of $104.04 million, a price-to-earnings ratio of 18.34 and a beta of 0.02.

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

Insider Transactions at FitLife Brands

In related news, Director Grant Robert Dawson purchased 3,000 shares of FitLife Brands stock in a transaction dated Friday, April 10th. The shares were acquired at an average cost of $9.98 per share, with a total value of $29,940.00. Following the purchase, the director owned 158,000 shares of the company’s stock, valued at approximately $1,576,840. The trade was a 1.94% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Matthew Lingenbrink acquired 3,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was bought at an average price of $9.76 per share, for a total transaction of $29,280.00. Following the completion of the acquisition, the director owned 8,800 shares in the company, valued at approximately $85,888. The trade was a 51.72% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 61.40% of the stock is owned by company insiders.

Institutional Trading of FitLife Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTLF. Bard Associates Inc. raised its holdings in shares of FitLife Brands by 3.5% in the 3rd quarter. Bard Associates Inc. now owns 16,701 shares of the company’s stock valued at $332,000 after buying an additional 561 shares during the period. Rhumbline Advisers lifted its stake in FitLife Brands by 12.3% during the 3rd quarter. Rhumbline Advisers now owns 5,870 shares of the company’s stock worth $117,000 after acquiring an additional 642 shares in the last quarter. Geode Capital Management LLC boosted its holdings in FitLife Brands by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 92,689 shares of the company’s stock valued at $1,508,000 after acquiring an additional 991 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in FitLife Brands by 107.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,478 shares of the company’s stock valued at $57,000 after acquiring an additional 1,803 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in FitLife Brands by 78.0% during the 4th quarter. Wells Fargo & Company MN now owns 4,271 shares of the company’s stock valued at $69,000 after acquiring an additional 1,871 shares during the period. Hedge funds and other institutional investors own 2.32% of the company’s stock.

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.