Lifevantage Corporation (NASDAQ:LFVN – Get Free Report)’s share price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $5.91 and traded as high as $5.99. Lifevantage shares last traded at $5.93, with a volume of 16,447 shares changing hands.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on LFVN shares. Zacks Research downgraded Lifevantage from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Lake Street Capital boosted their target price on Lifevantage from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, August 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lifevantage in a research report on Friday, August 21st. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Lifevantage presently has an average rating of “Reduce” and an average price target of $5.50.
Read Our Latest Report on Lifevantage
Lifevantage Stock Down 0.3%
The firm has a 50 day simple moving average of $6.19 and a 200-day simple moving average of $5.90. The stock has a market cap of $73.90 million, a P/E ratio of 10.52 and a beta of 0.68.
Lifevantage (NASDAQ:LFVN – Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $42.38 million during the quarter, compared to the consensus estimate of $44.00 million. Lifevantage had a net margin of 2.78% and a return on equity of 21.56%. On average, equities analysts anticipate that Lifevantage Corporation will post 0.39 earnings per share for the current year.
Lifevantage Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.20 annualized dividend and a dividend yield of 3.4%. Lifevantage’s dividend payout ratio is presently 50.00%.
Insider Activity
In related news, insider Kristen Cunningham sold 8,901 shares of Lifevantage stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $6.18, for a total value of $55,008.18. Following the transaction, the insider directly owned 120,162 shares of the company’s stock, valued at $742,601.16. The trade was a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.58% of the stock is owned by company insiders.
Institutional Trading of Lifevantage
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LFVN. Engineers Gate Manager LP lifted its position in shares of Lifevantage by 109.7% in the 2nd quarter. Engineers Gate Manager LP now owns 27,009 shares of the company’s stock worth $169,000 after purchasing an additional 14,131 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Lifevantage in the 2nd quarter valued at $78,000. Hsbc Holdings PLC acquired a new stake in shares of Lifevantage during the first quarter worth $51,000. DGS Capital Management LLC acquired a new stake in shares of Lifevantage during the first quarter worth $44,000. Finally, Bank of America Corp DE raised its stake in Lifevantage by 24.3% during the first quarter. Bank of America Corp DE now owns 23,445 shares of the company’s stock worth $101,000 after buying an additional 4,586 shares during the last quarter. Institutional investors and hedge funds own 35.32% of the company’s stock.
Lifevantage Company Profile
LifeVantage Corporation is a health and wellness company that develops, markets and distributes dietary supplements and personal-care products. Its product portfolio is designed to support areas such as cellular health, antioxidant defenses, energy, nutrition and skin care.
The company’s principal brands have included Protandim, a line of dietary supplements; TrueScience, a skin-care and wellness brand; and Petandim, products formulated for pets. LifeVantage primarily uses a direct-selling business model, distributing its products through independent sales representatives and online channels.
Founded in 2003 and headquartered in Lehi, Utah, LifeVantage serves customers in the United States and selected international markets.
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