Herbalife (NYSE:HLF) Stock Price Down 5.1% – What’s Next?

Herbalife Ltd (NYSE:HLF) shares were down 5.1% on Monday . The company traded as low as $16.15 and last traded at $16.1190. Approximately 133,063 shares changed hands during trading, a decline of 91% from the average daily volume of 1,510,325 shares. The stock had previously closed at $16.99.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HLF. Citigroup reiterated a “buy” rating and issued a $17.00 price objective (up previously from $11.00) on shares of Herbalife in a report on Friday, December 12th. Argus set a $15.00 target price on shares of Herbalife in a report on Wednesday, November 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Herbalife in a research note on Thursday, January 22nd. Maxim Group started coverage on Herbalife in a research note on Tuesday, January 6th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.80.

Herbalife Trading Down 1.0%

The company has a fifty day moving average price of $15.02 and a two-hundred day moving average price of $11.36. The firm has a market capitalization of $1.70 billion, a PE ratio of 5.27 and a beta of 0.84.

Insider Activity

In related news, Director Lynda Cloud purchased 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were purchased at an average price of $8.97 per share, for a total transaction of $152,490.00. Following the transaction, the director directly owned 38,857 shares of the company’s stock, valued at approximately $348,547.29. The trade was a 77.78% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders bought a total of 18,200 shares of company stock worth $167,938 over the last 90 days. Company insiders own 1.73% of the company’s stock.

Institutional Trading of Herbalife

Hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC acquired a new stake in Herbalife in the second quarter valued at $29,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Herbalife in the third quarter valued at about $35,000. GAMMA Investing LLC boosted its holdings in Herbalife by 115.6% during the third quarter. GAMMA Investing LLC now owns 7,024 shares of the company’s stock worth $59,000 after buying an additional 3,766 shares in the last quarter. Advisory Services Network LLC acquired a new position in Herbalife during the third quarter worth about $65,000. Finally, Quarry LP increased its holdings in Herbalife by 49,105.3% in the third quarter. Quarry LP now owns 9,349 shares of the company’s stock valued at $79,000 after buying an additional 9,330 shares in the last quarter.

Herbalife Company Profile

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.