FitLife Brands (NASDAQ:FTLF) Receives Hold (C+) Rating from Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "hold (C+)" rating for FitLife Brands, while other analysts have issued a "strong-buy" and "buy" ratings, raising the consensus rating to "buy" with an average price target of $23.00.
• FitLife Brands reported a $0.18 EPS for the last quarter, matching analyst estimates, with a revenue of $16.13 million, slightly below expectations.
• There has been significant institutional activity, with Osaic Holdings increasing its position by 119.2%, while Bank of America raised its stake by an astonishing 6,524.2%.

FitLife Brands (NASDAQ:FTLF - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities research analysts also recently issued research reports about the company. Zacks Research raised FitLife Brands from a "hold" rating to a "strong-buy" rating in a report on Monday. Roth Capital raised their price objective on FitLife Brands from $20.00 to $25.00 and gave the company a "buy" rating in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $23.00.

FitLife Brands Price Performance

Shares of NASDAQ FTLF opened at $20.76 on Wednesday. The business's 50 day moving average is $17.79 and its 200-day moving average is $15.01. FitLife Brands has a 1-year low of $9.83 and a 1-year high of $20.92. The company has a current ratio of 1.71, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a market cap of $194.94 million, a P/E ratio of 24.71 and a beta of 0.65.

FitLife Brands (NASDAQ:FTLF - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.18 EPS for the quarter, hitting analysts' consensus estimates of $0.18. FitLife Brands had a return on equity of 21.70% and a net margin of 12.63%.The firm had revenue of $16.13 million for the quarter, compared to analyst estimates of $16.17 million. Equities research analysts predict that FitLife Brands will post 0.94 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. raised its position in shares of FitLife Brands by 119.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,414 shares of the company's stock worth $57,000 after acquiring an additional 2,400 shares in the last quarter. Bank of America Corp DE raised its position in shares of 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of FitLife Brands in the 2nd quarter worth about $28,000. New York State Common Retirement Fund bought a new stake in FitLife Brands in the 2nd quarter valued at about $103,000. Finally, Geode Capital Management LLC increased its position in FitLife Brands by 101.4% in the 2nd quarter. Geode Capital Management LLC now owns 90,746 shares of the company's stock valued at $1,182,000 after buying an additional 45,690 shares in the last quarter. 2.32% of the stock is owned by institutional investors.

About FitLife Brands

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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