Lake Street Capital Lowers FitLife Brands (NASDAQ:FTLF) Price Target to $18.00

Key Points

• Lake Street Capital cut its price target for FitLife Brands from $21.00 to $18.00 but maintained a "buy" rating, with the new target implying roughly a 63.95% upside from the stock's prior close.
• The shares traded at $10.98 (down $1.12) and remain well below analyst targets, with a 52‑week range of $9.83–$20.98 and a market cap of $103.1 million.
• Analyst consensus is a Moderate Buy (two Buy, two Hold) with an average target of $21.50, while institutional ownership is low at about 2.32%, despite small recent position increases by several funds.

FitLife Brands (NASDAQ:FTLF - Get Free Report) had its price objective reduced by Lake Street Capital from $21.00 to $18.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Lake Street Capital's target price indicates a potential upside of 63.95% from the stock's previous close.

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of FitLife Brands in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $21.50.

FitLife Brands Stock Performance

NASDAQ FTLF traded down $1.12 during trading hours on Thursday, reaching $10.98. The stock had a trading volume of 16,549 shares, compared to its average volume of 17,173. FitLife Brands has a 52-week low of $9.83 and a 52-week high of $20.98. The stock has a fifty day moving average of $14.68 and a 200 day moving average of $16.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.46 and a current ratio of 1.13. The stock has a market cap of $103.10 million, a P/E ratio of 17.43 and a beta of 0.41.

Institutional Trading of FitLife Brands

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bard Associates Inc. raised its stake in shares of FitLife Brands by 3.5% during the 3rd quarter. Bard Associates Inc. now owns 16,701 shares of the company's stock worth $332,000 after buying an additional 561 shares during the period. Rhumbline Advisers grew its stake in FitLife Brands by 12.3% in the 3rd quarter. Rhumbline Advisers now owns 5,870 shares of the company's stock valued at $117,000 after acquiring an additional 642 shares during the period. Geode Capital Management LLC increased its holdings in FitLife Brands by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 92,689 shares of the company's stock worth $1,508,000 after acquiring an additional 991 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings 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 worth $57,000 after acquiring an additional 1,803 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position 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 acquiring an additional 1,871 shares during the period. 2.32% of the stock is owned by institutional investors and hedge funds.

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.

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