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

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

Analyst Upgrades and Downgrades

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

Herbalife Stock Up 3.1 %

The company has a market cap of $584.08 million, a P/E ratio of 6.82, a P/E/G ratio of 0.18 and a beta of 1.15. The business has a fifty day moving average of $6.34 and a 200 day moving average of $7.28.

Hedge Funds Weigh In On Herbalife

A number of institutional investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its holdings in Herbalife by 3.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 44,790 shares of the company’s stock worth $300,000 after purchasing an additional 1,636 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Herbalife by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,441 shares of the company’s stock worth $384,000 after purchasing an additional 2,516 shares in the last quarter. Swiss National Bank raised its holdings in Herbalife by 1.6% in the fourth quarter. Swiss National Bank now owns 198,172 shares of the company’s stock worth $1,326,000 after purchasing an additional 3,100 shares in the last quarter. Cinctive Capital Management LP raised its holdings in Herbalife by 3.6% in the third quarter. Cinctive Capital Management LP now owns 92,138 shares of the company’s stock worth $662,000 after purchasing an additional 3,170 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in Herbalife by 6.1% in the fourth quarter. Inspire Investing LLC now owns 59,879 shares of the company’s stock worth $401,000 after purchasing an additional 3,458 shares in the last quarter.

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.