FitLife Brands (NASDAQ:FTLF) Upgraded to "Hold" at Zacks Research

Key Points

• FitLife Brands has been upgraded from a "strong sell" to a "hold" rating by Zacks Research, reflecting a more optimistic outlook for the company's stock.
• Roth Capital has increased FitLife Brands' price target from $20.00 to $25.00, citing a "buy" rating, while the average market consensus remains at a "Moderate Buy" with a price target of $23.00.
• The company reported earnings of $0.18 per share for the last quarter, matching analyst expectations, with revenue of $16.13 million, slightly below estimates.

Zacks Research upgraded shares of FitLife Brands (NASDAQ:FTLF - Free Report) from a strong sell rating to a hold rating in a research report released on Thursday morning,Zacks.com reports.

FTLF has been the subject of several other research reports. Roth Capital upped their target price on shares of FitLife Brands from $20.00 to $25.00 and gave the company a "buy" rating in a report on Friday, August 15th. Wall Street Zen cut shares of FitLife Brands from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.00.

FitLife Brands Stock Up 2.1%

Shares of FitLife Brands stock traded up $0.40 during trading hours on Thursday, hitting $19.13. The company had a trading volume of 10,141 shares, compared to its average volume of 14,602. The company's 50-day moving average is $15.16 and its two-hundred day moving average is $14.26. FitLife Brands has a twelve month low of $9.83 and a twelve month high of $19.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.71 and a quick ratio of 0.81. The company has a market cap of $179.63 million, a P/E ratio of 22.77 and a beta of 0.64.

FitLife Brands (NASDAQ:FTLF - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. FitLife Brands had a net margin of 12.63% and a return on equity of 21.70%. The business had revenue of $16.13 million during the quarter, compared to analysts' expectations of $16.17 million. Analysts anticipate that FitLife Brands will post 0.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FitLife Brands

A number of large investors have recently made changes to their positions in FTLF. Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 45,690 shares in the last quarter. Mink Brook Asset Management LLC increased its holdings in shares of FitLife Brands by 100.0% in the 1st quarter. Mink Brook Asset Management LLC now owns 76,766 shares of the company's stock valued at $929,000 after purchasing an additional 38,383 shares in the last quarter. Bard Associates Inc. increased its holdings in shares of FitLife Brands by 239.5% in the 1st quarter. Bard Associates Inc. now owns 21,979 shares of the company's stock valued at $266,000 after purchasing an additional 15,506 shares in the last quarter. Northern Trust Corp purchased a new position in shares of FitLife Brands in the 4th quarter valued at about $409,000. Finally, New York State Common Retirement Fund purchased a new position in shares of FitLife Brands in the 2nd quarter valued at about $103,000. Hedge funds and other institutional investors own 2.32% of the company's stock.

FitLife Brands Company Profile

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.