Roth Capital Forecasts Strong Price Appreciation for FitLife Brands (NASDAQ:FTLF) Stock

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 objective raised by investment analysts at Roth Capital from $20.00 to $25.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Roth Capital's price target would suggest a potential upside of 51.24% from the company's current price.

Separately, Wall Street Zen cut FitLife Brands from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd.

FitLife Brands Stock Up 2.4%

FTLF traded up $0.38 during trading on Friday, reaching $16.53. 5,915 shares of the stock traded hands, compared to its average volume of 20,434. The stock has a market cap of $155.22 million, a price-to-earnings ratio of 19.68 and a beta of 0.79. FitLife Brands has a fifty-two week low of $9.83 and a fifty-two week high of $17.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.64 and a quick ratio of 0.72. The stock's 50-day simple moving average is $13.68 and its two-hundred day simple moving average is $13.98.

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 analysts' consensus estimates of $0.18. The firm had revenue of $16.13 million during the quarter, compared to analysts' expectations of $16.17 million. FitLife Brands had a return on equity of 25.59% and a net margin of 13.85%. As a group, equities research analysts expect that FitLife Brands will post 0.94 EPS for the current year.

Institutional Investors Weigh In On FitLife Brands

A number of large investors have recently bought and sold shares of the business. Northern Trust Corp acquired a new position in shares of FitLife Brands in the 4th quarter valued at $409,000. Mink Brook Asset Management LLC acquired a new position in shares of FitLife Brands in the 4th quarter valued at $1,251,000. Bard Associates Inc. lifted its stake 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 during the period. Bank of America Corp DE lifted its stake in shares of FitLife Brands by 6,524.2% in the 2nd quarter. Bank of America Corp DE now owns 2,186 shares of the company's stock valued at $28,000 after purchasing an additional 2,153 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of FitLife Brands in the 2nd quarter valued at $28,000. 2.32% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.