Lifevantage (NASDAQ:LFVN) Shares Cross Below 200-Day Moving Average - Here's What Happened

Key Points

• Lifevantage shares fell below their 200-day moving average, reaching $5.94 and last trading at $5.98, compared with the $6.20 average. The stock was down 0.3% with a market capitalization of approximately $75.3 million.
• Analysts maintain a “Hold” consensus on LFVN, with an average price target of $5.50. The company’s latest quarter missed expectations, reporting adjusted EPS of $0.11 versus $0.12 expected and revenue of $42.38 million versus $44.00 million forecast.
• Lifevantage paid a quarterly dividend of $0.05 per share, equivalent to a 3.3% annualized yield, while an insider sold 8,901 shares. Institutional investors and hedge funds own 35.32% of the company.

Lifevantage Corporation (NASDAQ:LFVN - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $6.20 and traded as low as $5.94. Lifevantage shares last traded at $5.98, with a volume of 26,980 shares changing hands.

Analyst Upgrades and Downgrades

LFVN has been the topic of a number of analyst reports. Lake Street Capital lifted their price objective on shares of Lifevantage from $5.00 to $6.00 and gave the company a "hold" rating in a research note on Friday, August 28th. Weiss Ratings restated a "hold (c)" rating on shares of Lifevantage in a research note on Friday, August 21st. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Lifevantage currently has an average rating of "Hold" and an average target price of $5.50.

Lifevantage Trading Down 0.3%

The business's 50-day simple moving average is $6.28 and its two-hundred day simple moving average is $6.20. The company has a market capitalization of $75.29 million, a PE ratio of 14.95 and a beta of 0.68.

Lifevantage (NASDAQ:LFVN - Get Free Report) last announced its earnings results on Thursday, August 27th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). Lifevantage had a return on equity of 21.56% and a net margin of 2.78%. The business had revenue of $42.38 million for the quarter, compared to analysts' expectations of $44.00 million. On average, analysts forecast that Lifevantage Corporation will post 0.39 EPS for the current year.

Lifevantage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Tuesday, September 1st. Lifevantage's dividend payout ratio (DPR) is 50.00%.

Insiders Place Their Bets

In other Lifevantage news, insider Kristen Cunningham sold 8,901 shares of Lifevantage stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $6.18, for a total transaction of $55,008.18. Following the sale, the insider directly owned 120,162 shares in the company, valued at $742,601.16. The trade was a 6.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.58% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lifevantage

Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its position in shares of Lifevantage by 11.9% during the first quarter. Bank of New York Mellon Corp now owns 33,547 shares of the company's stock worth $145,000 after buying an additional 3,571 shares in the last quarter. Engineers Gate Manager LP increased its stake in shares of Lifevantage by 109.7% in the second quarter. Engineers Gate Manager LP now owns 27,009 shares of the company's stock worth $169,000 after buying an additional 14,131 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Lifevantage by 24.3% in the first 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 acquired a new stake in Lifevantage in the first quarter valued at $51,000. Finally, DGS Capital Management LLC acquired a new stake in Lifevantage in the first quarter valued at $44,000. 35.32% of the stock is owned by institutional investors and hedge funds.

About Lifevantage

LifeVantage Corporation is a health and wellness company that develops, markets and distributes nutritional supplements, skincare products and other wellness solutions. Its products are designed to support areas such as cellular health, energy, healthy aging and skin care.

The company's product portfolio has included the Protandim line of dietary supplements, TrueScience skincare products and AXIO energy and wellness products. LifeVantage sells primarily through a direct-selling model, supported by independent distributors, as well as through digital commerce and other retail channels.

Founded in 2003 and headquartered in Lehi, Utah, LifeVantage serves customers in the United States and selected international markets, including Japan, Australia and Hong Kong.

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