LifeMD (NASDAQ:LFMD) Cut to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded LifeMD from a “hold” to a “sell,” even though other analysts remain mostly positive and the stock’s consensus rating is still “Moderate Buy.”
• LifeMD reported mixed quarterly results, posting a loss of $0.20 per share versus expectations for a $0.14 loss, but revenue of $50.16 million topped estimates.
• The stock rose 6.5% to $4.78, but it remains well below its 52-week high of $15.84; institutional investors own 35.52% of the company.

LifeMD (NASDAQ:LFMD - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

Several other equities research analysts also recently commented on the company. Cantor Fitzgerald restated an "overweight" rating on shares of LifeMD in a report on Tuesday, March 10th. BTIG Research reiterated a "buy" rating and set a $10.00 price target on shares of LifeMD in a report on Monday, May 4th. HC Wainwright upped their price target on LifeMD from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, March 11th. Mizuho upgraded LifeMD from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $6.00 to $8.00 in a report on Monday, March 16th. Finally, Weiss Ratings upgraded LifeMD from a "sell (e+)" rating to a "sell (d)" rating in a report on Thursday. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $9.14.

LifeMD Stock Up 6.5%

NASDAQ LFMD opened at $4.78 on Friday. The company has a market cap of $227.53 million, a price-to-earnings ratio of 95.62 and a beta of 2.03. LifeMD has a 52 week low of $2.56 and a 52 week high of $15.84. The business has a 50 day moving average price of $3.87 and a 200-day moving average price of $3.93.

LifeMD (NASDAQ:LFMD - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.06). The firm had revenue of $50.16 million for the quarter, compared to the consensus estimate of $48.84 million. LifeMD had a net margin of 2.37% and a negative return on equity of 150.88%. On average, equities research analysts anticipate that LifeMD will post 0.01 earnings per share for the current year.

Institutional Investors Weigh In On LifeMD

Several institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in LifeMD by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,647 shares of the company's stock worth $270,000 after buying an additional 2,235 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in LifeMD by 110.4% during the second quarter. Tower Research Capital LLC TRC now owns 4,674 shares of the company's stock worth $64,000 after buying an additional 2,452 shares in the last quarter. SG Americas Securities LLC boosted its position in LifeMD by 13.8% in the fourth quarter. SG Americas Securities LLC now owns 25,298 shares of the company's stock worth $86,000 after purchasing an additional 3,061 shares during the last quarter. Invesco Ltd. boosted its position in LifeMD by 18.8% in the fourth quarter. Invesco Ltd. now owns 24,464 shares of the company's stock worth $83,000 after purchasing an additional 3,870 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in LifeMD by 8.7% in the second quarter. Rhumbline Advisers now owns 53,589 shares of the company's stock worth $730,000 after purchasing an additional 4,281 shares during the last quarter. Institutional investors own 35.52% of the company's stock.

LifeMD Company Profile

LifeMD NASDAQ: LFMD is a U.S.-based telehealth company that delivers on-demand, membership-based virtual healthcare services. Through its digital platform and mobile applications, LifeMD connects patients with board-certified healthcare providers for diagnosis, treatment and ongoing management of a range of acute and chronic conditions. The company’s core offering centers on personalized care plans supported by prescription fulfillment, lab testing and prescription delivery services.

LifeMD’s service portfolio spans several specialty areas, including men’s health, hormonal therapy, weight management and primary care.

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