Freedom Broker Has Lowered Expectations for Lifevantage (NASDAQ:LFVN) Stock Price

Lifevantage (NASDAQ:LFVN) had its price target decreased by research analysts at Freedom Broker from $9.00 to $8.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Freedom Broker‘s price target points to a potential upside of 60.97% from the company’s current price.

A number of other brokerages have also recently commented on LFVN. Zacks Research cut Lifevantage from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Lake Street Capital raised their price target on Lifevantage from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, August 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Lifevantage in a report on Friday, August 21st. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.75.

Lifevantage Price Performance

Shares of NASDAQ LFVN traded down $0.07 on Friday, hitting $4.97. The company’s stock had a trading volume of 111,492 shares, compared to its average volume of 33,719. The stock has a 50 day moving average of $5.93 and a 200-day moving average of $5.86. The company has a market capitalization of $63.02 million, a price-to-earnings ratio of 23.67 and a beta of 0.71. Lifevantage has a 12-month low of $3.90 and a 12-month high of $11.71.

Lifevantage (NASDAQ:LFVN) last issued its quarterly earnings data on Monday, November 9th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Lifevantage had a return on equity of 16.35% and a net margin of 1.58%. The business had revenue of $37.12 million for the quarter, compared to analysts’ expectations of $40.49 million. Sell-side analysts expect that Lifevantage will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lifevantage news, insider Kristen Cunningham sold 8,901 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $6.18, for a total value of $55,008.18. Following the completion of the transaction, the insider directly owned 120,162 shares in the company, valued at approximately $742,601.16. The trade was a 6.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 13.58% of the company’s stock.

Institutional Investors Weigh In On Lifevantage

Several hedge funds have recently made changes to their positions in LFVN. Engineers Gate Manager LP lifted its holdings in shares of Lifevantage by 109.7% during the 2nd quarter. Engineers Gate Manager LP now owns 27,009 shares of the company’s stock worth $169,000 after acquiring an additional 14,131 shares during the period. Bank of New York Mellon Corp purchased a new stake in Lifevantage in the second quarter valued at approximately $78,000. Hsbc Holdings PLC purchased a new stake in Lifevantage in the first quarter valued at approximately $51,000. Finally, Bank of America Corp DE grew 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 valued at $101,000 after purchasing an additional 4,586 shares during the period. Institutional investors and hedge funds own 35.32% of the company’s stock.

About Lifevantage

LifeVantage Corporation is a health and wellness company that develops and sells dietary supplements, skincare products and other wellness offerings. Its product range includes Protandim supplements and the TrueScience skincare line, with products marketed around the company’s focus on nutrigenomics—the study of how nutrition interacts with gene expression. Founded in 2003, LifeVantage primarily sells through independent consultants and online channels. The company serves customers in markets across North America, Europe and the Asia-Pacific region.