Lifevantage (NASDAQ:LFVN) Share Price Breaks Above 200-Day Moving Average – What’s Next?

Lifevantage Corporation (NASDAQ:LFVN) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $6.07 and traded as high as $6.40. Lifevantage shares last traded at $6.24, with a volume of 36,150 shares traded.

Analyst Ratings Changes

A number of research firms have issued reports on LFVN. Weiss Ratings reissued a “hold (c)” rating on shares of Lifevantage in a research note on Friday, August 21st. Lake Street Capital lifted their target price on shares of Lifevantage from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, August 28th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.50.

Lifevantage Stock Down 2.7%

The company has a market capitalization of $76.42 million, a P/E ratio of 15.18 and a beta of 0.68. The business has a 50 day simple moving average of $6.40 and a 200-day simple moving average of $6.07.

Lifevantage (NASDAQ:LFVN) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). Lifevantage had a return on equity of 21.56% and a net margin of 2.78%.The company had revenue of $42.38 million for the quarter, compared to the consensus estimate of $44.00 million. Equities analysts forecast that Lifevantage Corporation will post 0.39 EPS for the current fiscal year.

Lifevantage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.20 annualized dividend and a yield of 3.3%. Lifevantage’s payout ratio is 50.00%.

Insider Buying and Selling at Lifevantage

In related news, insider Kristen Cunningham sold 8,901 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $6.18, for a total value of $55,008.18. Following the completion of the sale, the insider directly owned 120,162 shares of the company’s stock, valued at approximately $742,601.16. This represents a 6.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.58% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lifevantage

Institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in Lifevantage by 11.9% during the first quarter. Bank of New York Mellon Corp now owns 33,547 shares of the company’s stock worth $145,000 after buying an additional 3,571 shares in the last quarter. Bank of America Corp DE increased its holdings in Lifevantage by 24.3% in the first quarter. Bank of America Corp DE now owns 23,445 shares of the company’s stock worth $101,000 after buying an additional 4,586 shares during the last quarter. DGS Capital Management LLC acquired a new position in shares of Lifevantage during the first quarter worth approximately $44,000. Hsbc Holdings PLC bought a new position in shares of Lifevantage in the first quarter valued at about $51,000. Finally, Aristides Capital LLC bought a new stake in shares of Lifevantage during the fourth quarter worth $76,000. 35.32% of the stock is owned by hedge funds and other institutional investors.

Lifevantage Company Profile

LifeVantage Corporation is a health and wellness company that develops, markets and sells dietary supplements, skincare products and other wellness offerings. Its products are designed to support areas such as cellular health, antioxidant defenses, healthy aging, beauty and overall well-being.

The company’s product portfolio has included Protandim, a line of supplements centered on the body’s antioxidant response, as well as LifeVantage skincare and wellness products. LifeVantage sells primarily through a direct-selling model that combines independent distributors, known as consultants, with digital and e-commerce channels.

Founded in 2003 and headquartered in Lehi, Utah, LifeVantage serves customers in the United States and selected international markets, including Canada, Japan, Australia, Mexico, Hong Kong and Taiwan.