Herbalife (NYSE:HLF) Trading 7.5% Higher - Time to Buy?

Herbalife Ltd. (NYSE:HLF - Get Free Report)'s stock price traded up 7.5% on Friday . The company traded as high as $8.19 and last traded at $8.12. 1,444,437 shares were traded during mid-day trading, a decline of 31% from the average session volume of 2,099,374 shares. The stock had previously closed at $7.55.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Mizuho lifted their price target on shares of Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Friday. DA Davidson lowered their target price on shares of Herbalife from $13.00 to $7.50 and set a "neutral" rating for the company in a report on Thursday. B. Riley dropped their price target on shares of Herbalife from $17.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday. StockNews.com lowered shares of Herbalife from a "buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Finally, Citigroup dropped their target price on shares of Herbalife from $16.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $10.42.

Herbalife Trading Up 4.1 %

The business's 50 day simple moving average is $7.33 and its two-hundred day simple moving average is $9.29. The firm has a market capitalization of $791.66 million, a PE ratio of 9.18, a price-to-earnings-growth ratio of 0.26 and a beta of 1.19.

Herbalife (NYSE:HLF - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.19 by $0.38. Herbalife had a negative return on equity of 18.25% and a net margin of 1.73%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. As a group, equities research analysts anticipate that Herbalife Ltd. will post 1.34 earnings per share for the current year.

Insider Activity

In other Herbalife news, Director Juan Miguel Mendoza acquired 10,000 shares of the company's stock in a transaction that occurred on Monday, September 9th. The shares were bought at an average price of $7.11 per share, with a total value of $71,100.00. Following the completion of the acquisition, the director now owns 120,000 shares in the company, valued at $853,200. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.94% of the company's stock.

Hedge Funds Weigh In On Herbalife

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of Herbalife by 465.3% during the 2nd quarter. GAMMA Investing LLC now owns 3,533 shares of the company's stock valued at $37,000 after buying an additional 2,908 shares in the last quarter. nVerses Capital LLC lifted its holdings in Herbalife by 240.0% during the second quarter. nVerses Capital LLC now owns 5,100 shares of the company's stock valued at $53,000 after purchasing an additional 3,600 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Herbalife by 22.9% in the first quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company's stock worth $56,000 after purchasing an additional 1,035 shares during the period. Carolina Wealth Advisors LLC purchased a new stake in shares of Herbalife in the third quarter worth $78,000. Finally, Van ECK Associates Corp raised its position in shares of Herbalife by 10.3% during the 2nd quarter. Van ECK Associates Corp now owns 8,684 shares of the company's stock valued at $90,000 after purchasing an additional 808 shares during the period.

About Herbalife

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.