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

FitLife Brands (NASDAQ:FTLF) had its target price reduced by Lake Street Capital from $21.00 to $18.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Lake Street Capital’s target price would indicate a potential upside of 69.65% from the company’s current price.

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

FitLife Brands Price Performance

Shares of NASDAQ:FTLF opened at $10.61 on Thursday. FitLife Brands has a twelve month low of $9.83 and a twelve month high of $20.98. The company has a current ratio of 1.13, a quick ratio of 0.46 and a debt-to-equity ratio of 0.77. The company has a market cap of $99.63 million, a PE ratio of 16.84 and a beta of 0.37. The company’s 50 day moving average is $14.46 and its 200 day moving average is $16.77.

Hedge Funds Weigh In On FitLife Brands

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of FitLife Brands by 101.4% in the 2nd quarter. Geode Capital Management LLC now owns 90,746 shares of the company’s stock valued at $1,182,000 after purchasing an additional 45,690 shares during the period. New York State Common Retirement Fund acquired a new stake in FitLife Brands during the second quarter valued at $103,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in FitLife Brands during the second quarter valued at $28,000. Bank of America Corp DE increased 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 valued at $28,000 after buying an additional 2,153 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in FitLife Brands by 119.2% in the second quarter. Osaic Holdings Inc. now owns 4,414 shares of the company’s stock valued at $57,000 after buying an additional 2,400 shares in the last quarter. 2.32% of the stock is owned by hedge funds and other 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.