Key Points
- FitLife Brands Director Shannon Pappas purchased 1,000 shares at an average price of $10.25, investing $10,250 and bringing her direct ownership to 1,000 shares.
- FitLife reported quarterly EPS of $0.20, beating analyst expectations of $0.18, on revenue of $26.55 million. Analysts project full-year EPS of $0.87.
- The stock opened at $10.02, with a market capitalization of approximately $94.1 million. Analysts maintain a consensus “Hold” rating, despite an average price target of $18.00.
FitLife Brands Inc. (NASDAQ:FTLF - Get Free Report) Director Shannon Pappas bought 1,000 shares of FitLife Brands stock in a transaction on Wednesday, August 19th. The shares were acquired at an average cost of $10.25 per share, for a total transaction of $10,250.00. Following the completion of the acquisition, the director directly owned 1,000 shares in the company, valued at approximately $10,250. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
FitLife Brands Trading Down 0.7%
Shares of NASDAQ FTLF opened at $10.02 on Friday. The firm has a 50 day moving average price of $10.67 and a two-hundred day moving average price of $11.53. The stock has a market cap of $94.09 million, a P/E ratio of 16.06 and a beta of 0.01. FitLife Brands Inc. has a 52-week low of $8.67 and a 52-week high of $20.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.45 and a current ratio of 1.46.
FitLife Brands (NASDAQ:FTLF - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.02. FitLife Brands had a net margin of 6.15% and a return on equity of 18.10%. The company had revenue of $26.55 million for the quarter. As a group, equities analysts forecast that FitLife Brands Inc. will post 0.87 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Weiss Ratings lowered FitLife Brands from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, June 4th. Zacks Research upgraded shares of FitLife Brands from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $18.00.
Get Our Latest Stock Report on FTLF
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers raised its holdings in shares of FitLife Brands by 12.3% during the third quarter. Rhumbline Advisers now owns 5,870 shares of the company's stock valued at $117,000 after purchasing an additional 642 shares during the period. Bard Associates Inc. increased its holdings in shares of FitLife Brands by 5.3% during the fourth quarter. Bard Associates Inc. now owns 17,594 shares of the company's stock valued at $286,000 after acquiring an additional 893 shares in the last quarter. Geode Capital Management LLC raised its position in shares of FitLife Brands by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 92,689 shares of the company's stock worth $1,508,000 after purchasing an additional 991 shares during the period. Steward Partners Investment Advisory LLC grew its position in FitLife Brands by 107.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,478 shares of the company's stock valued at $57,000 after purchasing an additional 1,803 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in FitLife Brands by 78.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,271 shares of the company's stock worth $69,000 after buying an additional 1,871 shares during the last quarter. 2.32% of the stock is owned by institutional investors.
About FitLife Brands
(
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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