Lifevantage (NASDAQ:LFVN) Insider Sells $55,008.18 in Stock

Lifevantage Corporation (NASDAQ:LFVN) insider Kristen Cunningham sold 8,901 shares of Lifevantage stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $6.18, for a total transaction of $55,008.18. Following the sale, the insider owned 120,162 shares of the company’s stock, valued at approximately $742,601.16. The trade was a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Kristen Cunningham also recently made the following trade(s):

• On Friday, September 11th, Kristen Cunningham sold 100 shares of Lifevantage stock. The shares were sold at an average price of $6.41, for a total value of $641.00.

Lifevantage Stock Performance

LFVN opened at $6.18 on Thursday. The business’s fifty day moving average is $6.41 and its two-hundred day moving average is $5.97. The company has a market cap of $77.44 million, a price-to-earnings ratio of 15.45 and a beta of 0.73. Lifevantage Corporation has a one year low of $3.90 and a one year high of $11.71.

Lifevantage (NASDAQ:LFVN) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The business had revenue of $42.38 million during the quarter, compared to analyst estimates of $44.00 million. Lifevantage had a net margin of 2.78% and a return on equity of 21.56%. On average, analysts predict that Lifevantage Corporation will post 0.39 EPS for the current fiscal year.

Lifevantage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Tuesday, September 1st. Lifevantage’s dividend payout ratio is currently 50.00%.

Institutional Trading of Lifevantage

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LFVN. Engineers Gate Manager LP boosted its holdings in shares of Lifevantage by 109.7% in the 2nd quarter. Engineers Gate Manager LP now owns 27,009 shares of the company’s stock valued at $169,000 after purchasing an additional 14,131 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Lifevantage during the 2nd quarter worth $78,000. Bank of America Corp DE increased its holdings in shares of Lifevantage by 24.3% during the 1st 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. Hsbc Holdings PLC purchased a new position in shares of Lifevantage in the 1st quarter worth $51,000. Finally, DGS Capital Management LLC acquired a new position in Lifevantage in the first quarter valued at $44,000. Hedge funds and other institutional investors own 35.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LFVN. Lake Street Capital boosted their price objective on shares of Lifevantage from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Friday, August 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lifevantage in a research note on Friday, August 21st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.50.

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.