The Vanguard Group, Inc. recently announced the acquisition of new stake in MSP Recovery Inc. (NASDAQ:LIFW). The institutional investor has increased its shareholding in the Healthcare company by 10.91% to 4.68 million shares with purchase of 0.46 million shares. This fresh investment now brings its stake to 1.41% valued currently at $0.33 million. In addition, Pin Oak Investment Advisors, Inc. raised its holdings by 0.45 million to 0.45 million shares.
With over 688.36 million MSP Recovery Inc. (LIFW) shares trading Friday and a closing price of $0.19 on the day, the dollar volume was approximately $130.79 million. The shares have shown a negative half year performance of -80.34% and its price on 09/15/23 gained nearly 237.52%. Currently, there are 123.56M common shares owned by the public and among those 68.14M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for LIFW have a consensus price objective of $3.00. The analysts have set the share’s price value over the next 12 months at a high of $3.00 and a low of $3.00. But an upside of 93.67% will see the stock hit the forecast high price target while median target price for the stock is $3.00.
Insiders at the company have transacted a total of 3 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 2 of these insider trades were purchases, accounting for 31,955 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 7,986 shares.
The top 3 mutual fund holders in MSP Recovery Inc. are Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and Vanguard Small Cap Value Index Fu. Vanguard Total Stock Market ETF owns 1.86 million shares of the company’s stock, all valued at over $0.13 million. Vanguard Small Cap Index Fund bought 4488.0 shares to see its total holdings expand to 1.63 million shares valued at over $0.12 million and representing 0.49% of the shares outstanding. Vanguard Small Cap Value Index Fu sold 3686.0 shares to bring its total holdings to over 1.11 million shares at a value of $78989.0. Vanguard Small Cap Value Index Fu now owns shares totaling to 0.34% of the shares outstanding.
Shares of MSP Recovery Inc. (NASDAQ: LIFW) opened at $0.107, up $0.05 from a prior closing price of $0.06. The company’s stock has a 5-day price change of 165.91% and -60.83% over the past three months. LIFW shares are trading -88.25% year to date (YTD), with the 12-month market performance down to -86.57% lower. It has a 12-month low price of $0.04 and touched a high of $1.74 over the same period. LIFW has an average intraday trading volume of 1.22 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 148.48%, 18.70%, and -74.14% respectively.
Institutional ownership of MSP Recovery Inc. (NASDAQ: LIFW) shares accounts for 12.10% of the company’s 123.56M shares outstanding. Mutual fund holders own 1.53%, while other institutional holders and individual stakeholders account for 2.23% and 1.32% respectively.
It has a market capitalization of $191.60M and a beta (3y monthly) value of -1.20. The earnings-per-share (ttm) stands at -$0.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 53.23% over the week and 24.38% over the month.
Analysts forecast that MSP Recovery Inc. (LIFW) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate MSP Recovery Inc. (LIFW) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”