FitLife Brands (NASDAQ:FTLF) Stock Rating Upgraded by 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 report released on Tuesday,Zacks.com reports.

Several other analysts also recently issued reports on the stock. Lake Street Capital decreased their price objective on shares of FitLife Brands from $21.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Weiss Ratings lowered shares of FitLife Brands from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, FitLife Brands presently has an average rating of “Moderate Buy” and a consensus target price of $21.50.

FitLife Brands Stock Performance

FTLF opened at $11.06 on Tuesday. 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 company has a market cap of $103.86 million, a PE ratio of 18.31 and a beta of 0.01. The stock has a 50-day moving average of $10.61 and a 200-day 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 posted its earnings results on Thursday, May 14th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. FitLife Brands had a return on equity of 18.31% and a net margin of 6.64%.The firm had revenue of $25.32 million during the quarter. As a group, equities research analysts forecast that FitLife Brands will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of FitLife Brands

Several institutional investors have recently modified their holdings of FTLF. Geode Capital Management LLC raised 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 valued at $1,182,000 after purchasing an additional 45,690 shares in the last quarter. Stifel Financial Corp acquired a new stake in FitLife Brands during the fourth quarter worth $657,000. UBS Group AG boosted its stake in FitLife Brands by 592.7% during the third quarter. UBS Group AG now owns 35,531 shares of the company’s stock worth $707,000 after buying an additional 30,402 shares in the last quarter. Townsend & Associates Inc bought a new stake in FitLife Brands in the 4th quarter valued at $260,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in FitLife Brands in the 4th quarter valued at $263,000. Institutional investors and hedge funds own 2.32% of the company’s stock.

About FitLife Brands

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.