FitLife Brands (NASDAQ:FTLF) Price Target Raised to $25.00 at Roth Capital

Key Points

• Roth Capital has raised its price target for FitLife Brands (NASDAQ:FTLF) from $20.00 to $25.00, indicating a potential upside of 51.24% from the current stock price.
• Wall Street Zen has downgraded FitLife Brands from a "buy" to a "hold" rating as of May 22nd while the stock recently traded at $16.53, reflecting a 2.4% increase.
• FitLife Brands reported earnings of $0.18 per share, meeting analysts' expectations along with revenues of $16.13 million, slightly below projections.

FitLife Brands (NASDAQ:FTLF - Get Free Report) had its price target raised by equities research analysts at Roth Capital from $20.00 to $25.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Roth Capital's target price would indicate a potential upside of 49.43% from the company's current price.

Separately, Wall Street Zen lowered shares of FitLife Brands from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $22.00.

FitLife Brands Trading Down 0.2%

FitLife Brands stock traded down $0.03 during trading hours on Friday, hitting $16.73. The company had a trading volume of 7,159 shares, compared to its average volume of 20,309. The firm has a market cap of $157.09 million, a P/E ratio of 19.92 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.72 and a current ratio of 1.71. FitLife Brands has a 1 year low of $9.83 and a 1 year high of $17.75. The company has a 50-day moving average price of $13.84 and a two-hundred day moving average price of $14.00.

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

Institutional Investors Weigh In On FitLife Brands

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in FitLife Brands by 6,524.2% in the second 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. acquired a new position in FitLife Brands during the 2nd quarter valued at approximately $28,000. New York State Common Retirement Fund acquired a new position in FitLife Brands during the 2nd quarter valued at approximately $103,000. Bard Associates Inc. increased its stake in FitLife Brands by 239.5% during 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. Finally, 683 Capital Management LLC acquired a new position in FitLife Brands during the 4th quarter valued at approximately $384,000. Institutional investors and hedge funds own 2.32% of the company's stock.

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.