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

Herbalife Ltd. (NYSE:HLF) shares gapped up prior to trading 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 Analysts Forecast Growth

Several equities research analysts have weighed in on HLF shares. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Mizuho raised 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 decreased their price target on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, October 31st. DA Davidson decreased their price target on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, Citigroup decreased their price target on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.90.

Herbalife Price Performance

The company’s fifty day moving average is $6.50 and its 200-day moving average is $7.45. The stock has a market cap of $570.98 million, a PE ratio of 6.65, a PEG ratio of 0.18 and a beta of 1.15.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC grew its position in Herbalife by 3.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 44,790 shares of the company’s stock valued at $300,000 after buying an additional 1,636 shares during the period. Swiss National Bank grew its position in Herbalife by 1.6% during the fourth quarter. Swiss National Bank now owns 198,172 shares of the company’s stock valued at $1,326,000 after buying an additional 3,100 shares during the period. Cinctive Capital Management LP grew its position in Herbalife by 3.6% during the third quarter. Cinctive Capital Management LP now owns 92,138 shares of the company’s stock valued at $662,000 after buying an additional 3,170 shares during the period. Inspire Investing LLC grew its position in Herbalife by 6.1% during the fourth quarter. Inspire Investing LLC now owns 59,879 shares of the company’s stock valued at $401,000 after buying an additional 3,458 shares during the period. Finally, Quadrant Capital Group LLC grew its position in Herbalife by 641.5% during the fourth quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company’s stock valued at $29,000 after buying an additional 3,714 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.