Herbalife (NYSE:HLF) Shares Up 9.5% – What’s Next?

Herbalife Ltd. (NYSE:HLF) shares shot up 9.5% during mid-day trading on Tuesday . The company traded as high as $6.30 and last traded at $6.16. 931,513 shares traded hands during trading, a decline of 52% from the average session volume of 1,928,353 shares. The stock had previously closed at $5.62.

Analyst Ratings Changes

A number of research firms have issued reports on HLF. Citigroup cut their price objective on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, October 25th. StockNews.com raised shares of Herbalife from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Mizuho boosted their price target on shares of Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. B. Riley cut their price target on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, DA Davidson cut their price target on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.90.

Herbalife Stock Performance

The stock has a 50 day moving average of $6.34 and a 200-day moving average of $7.28. The firm has a market capitalization of $584.08 million, a P/E ratio of 6.82, a PEG ratio of 0.18 and a beta of 1.15.

Institutional Investors Weigh In On Herbalife

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its stake in Herbalife by 641.5% in the 4th quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company’s stock valued at $29,000 after acquiring an additional 3,714 shares during the period. R Squared Ltd bought a new stake in shares of Herbalife during the fourth quarter valued at about $63,000. Van ECK Associates Corp increased its position in shares of Herbalife by 110.4% during the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company’s stock valued at $70,000 after buying an additional 5,524 shares during the period. Bridgefront Capital LLC bought a new stake in shares of Herbalife during the fourth quarter valued at about $71,000. Finally, Carolina Wealth Advisors LLC bought a new position in shares of Herbalife in the third quarter worth approximately $78,000.

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.