Key Points
- Director Matthew Lingenbrink bought 3,000 shares at an average price of $9.76 on April 10 for a total of $29,280, increasing his stake 51.72% to 8,800 shares (filed with the SEC).
- FitLife shares opened at $9.27 (trading up 4.4%), trade in a one-year range of $8.67–$20.98, and the company has a market cap of about $87.05 million with a trailing PE of 14.62.
- Analyst sentiment is mixed—two Buy, one Hold, one Sell—giving a MarketBeat average rating of "Hold" and a consensus price target of $21.50.
FitLife Brands Inc. (NASDAQ:FTLF - Get Free Report) Director Matthew Lingenbrink bought 3,000 shares of the firm's stock in a transaction dated Friday, April 10th. The shares were acquired at an average cost of $9.76 per share, with a total value of $29,280.00. Following the completion of the transaction, the director owned 8,800 shares in the company, valued at approximately $85,888. The trade was a 51.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
FitLife Brands Trading Up 4.4%
Shares of FitLife Brands stock opened at $9.27 on Wednesday. FitLife Brands Inc. has a 1 year low of $8.67 and a 1 year high of $20.98. The firm has a market cap of $87.05 million, a PE ratio of 14.62 and a beta of 0.37. The stock has a fifty day moving average price of $13.58 and a 200-day moving average price of $16.27. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.53 and a quick ratio of 0.54.
Wall Street Analysts Forecast Growth
FTLF has been the subject of several recent research reports. Weiss Ratings reissued a "hold (c+)" rating on shares of FitLife Brands in a report on Monday, December 29th. Zacks Research lowered FitLife Brands from a "hold" rating to a "strong sell" rating in a report on Tuesday, April 7th. Finally, Lake Street Capital decreased their price objective on FitLife Brands from $21.00 to $18.00 and set a "buy" rating for the company in a report on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $21.50.
View Our Latest Analysis on FitLife Brands
Institutional Investors Weigh In On FitLife Brands
Several large investors have recently added to or reduced their stakes in FTLF. Bank of America Corp DE increased its holdings in FitLife Brands by 6,524.2% in the 2nd quarter. Bank of America Corp DE now owns 2,186 shares of the company's stock worth $28,000 after acquiring an additional 2,153 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in FitLife Brands during the 2nd quarter valued at about $28,000. Osaic Holdings Inc. grew its holdings in FitLife Brands by 119.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,414 shares of the company's stock valued at $57,000 after buying an additional 2,400 shares in the last quarter. Steward Partners Investment Advisory LLC grew 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 buying an additional 1,803 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in FitLife Brands during the 4th quarter valued at about $61,000. Hedge funds and other institutional investors own 2.32% of the company's stock.
FitLife Brands Company Profile
(
Get Free Report)
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.
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