Shares of Herbalife Ltd. (NYSE:HLF - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $5.22, but opened at $5.50. Herbalife shares last traded at $5.78, with a volume of 571,821 shares trading hands.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. Citigroup dropped their price target on Herbalife from $16.00 to $13.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. B. Riley cut their price objective on shares of Herbalife from $17.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. DA Davidson reduced their target price on shares of Herbalife from $13.00 to $7.50 and set a "neutral" rating for the company in a research note on Thursday, October 31st. StockNews.com upgraded shares of Herbalife from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Finally, Mizuho lifted their price objective on shares of Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $9.90.
Check Out Our Latest Stock Report on HLF
Herbalife Stock Up 3.1 %
The stock's 50-day moving average price is $6.34 and its 200 day moving average price is $7.28. The company has a market cap of $584.08 million, a P/E ratio of 6.82, a price-to-earnings-growth ratio of 0.18 and a beta of 1.15.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC grew its position in shares of Herbalife by 641.5% in the fourth quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company's stock valued at $29,000 after purchasing an additional 3,714 shares during the last quarter. R Squared Ltd acquired a new stake in Herbalife in the 4th quarter valued at approximately $63,000. Van ECK Associates Corp increased its position in Herbalife by 110.4% in the 4th quarter. Van ECK Associates Corp now owns 10,526 shares of the company's stock worth $70,000 after buying an additional 5,524 shares during the period. Bridgefront Capital LLC acquired a new position in shares of Herbalife during the fourth quarter worth approximately $71,000. Finally, Headlands Technologies LLC lifted its holdings in shares of Herbalife by 12,307.6% during the fourth quarter. Headlands Technologies LLC now owns 11,415 shares of the company's stock worth $76,000 after buying an additional 11,323 shares during the last quarter.
Herbalife Company Profile
(
Get Free Report)
Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.
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