Youngevity International (YGYI) Sees Strong Trading Volume on Analyst Upgrade

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Youngevity International Inc (NASDAQ:YGYI) shares saw strong trading volume on Wednesday after Benchmark raised their price target on the stock from $9.00 to $14.00. Benchmark currently has a buy rating on the stock. 2,572,093 shares changed hands during trading, an increase of 746% from the previous session’s volume of 303,960 shares.The stock last traded at $8.06 and had previously closed at $7.27.

Separately, ValuEngine raised shares of Youngevity International from a “hold” rating to a “buy” rating in a research note on Monday, February 4th.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Youngevity International by 2,794.4% during the fourth quarter. BlackRock Inc. now owns 12,938 shares of the company’s stock worth $74,000 after acquiring an additional 12,491 shares in the last quarter. Northern Trust Corp bought a new position in Youngevity International during the fourth quarter worth $96,000. Raymond James Financial Services Advisors Inc. bought a new position in Youngevity International during the fourth quarter worth $164,000. Geode Capital Management LLC bought a new position in Youngevity International during the fourth quarter worth $256,000. Finally, Vanguard Group Inc. boosted its stake in Youngevity International by 128.8% during the third quarter. Vanguard Group Inc. now owns 40,678 shares of the company’s stock worth $274,000 after acquiring an additional 22,896 shares in the last quarter. 0.38% of the stock is currently owned by institutional investors and hedge funds.

The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.29 and a current ratio of 0.79.

Youngevity International (NASDAQ:YGYI) last issued its earnings results on Tuesday, November 13th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.38). The company had revenue of $39.08 million for the quarter. Youngevity International had a negative return on equity of 150.83% and a negative net margin of 10.85%.

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Youngevity International Company Profile (NASDAQ:YGYI)

Youngevity International, Inc develops and distributes health and nutrition related products and services through independent direct selling network in the United States and internationally. It operates in two segments, Direct Selling and Commercial Coffee. The company offers approximately 5,500 products, including nutritional, vitamin, mineral, herbal, liquid, and dietary supplements; apparel; fashion and jewelry accessories; digital products; and packaged foods.

Read More: What does earnings per share mean?

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