Divisadero Street Capital Managem has recently announced that it has increased stake in LifeMD Inc (NASDAQ:LFMD) by 59.28%. After grabbing 1.92 million shares, the institutional investor is now in possession of 0.71 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 5.05% having worth around $14.76 million. Moreover, Royce & Associates LP increased its share by 76426.0 to have a control over 1.1 million shares. And The Vanguard Group, Inc. raised its holdings to 0.22 million shares by acquiring 0.94 million shares or 2.48% of the stake.
LifeMD Inc (LFMD) concluded trading on 01/04/24 at a closing price of $5.28, with 7.19 million shares of worth about $37.97 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.62% during that period and on Thursday the price saw a loss of about -32.05%. Currently the company’s common shares owned by public are about 31.45M shares, out of which, 30.02M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 31 times over the past 12 months. They bought 1,973,167 shares in 31 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Royce Small-Cap Opportunity Fund, Vanguard Total Stock Market ETF, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in LifeMD Inc Royce Small-Cap Opportunity Fund is currently holding 0.71 million shares of worth totaling $5.47 million. The company recently came buying 64305.0 shares which brought its stake up to 1.87% of the company’s outstanding shares. Vanguard Extended Market Index Fu, after buying 0.37 million shares, have now control over 0.97% of the stake in the company. It holds 15287.0 shares of worth $2.84 million.
LifeMD Inc (NASDAQ: LFMD) started trading at $6.96, below -$0.81 from concluding price of the previous day. Stock saw a price change of -38.32% in past 5 days and over the past one month there was a price change of -35.37%. Year-to-date (YTD), LFMD shares are showing a performance of -36.31% which increased to 179.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.14 but also hit the highest price of $9.11 during that period. The average intraday trading volume for LifeMD Inc shares is 684.24K. The stock is currently trading -35.08% below its 20-day simple moving average (SMA20), while that difference is down -29.11% for SMA50 and it goes to 18.10% higher than SMA200.
Divisadero Street Capital Managem acquired 1.92 million shares of LifeMD Inc having value of about $14.76 million. Data submitted at the U.S SEC by Divisadero Street Capital Managem revealed that the firm now holds 0.71 million shares in the company valued at close to $3766144.8, or have control over 59.28% stake in the company. LifeMD Inc (NASDAQ: LFMD) currently have 31.45M outstanding shares and institutions hold larger chunk of about 24.46% of that. Holding of mutual funds in the company is about 28.65% while other institutional holders and individual stake holders have control over 7.55% and 17.69% of the stake respectively.
The stock has a current market capitalization of $206.98M and its 3Y-monthly beta is at 1.35. It has posted earnings per share of -$0.99 in the same period. It has Quick Ratio of 0.65. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LFMD, volatility over the week remained 12.75% while standing at 8.65% over the month.
Analysts are in expectations that LifeMD Inc (LFMD) stock would likely to be making an EPS of $Affimed N.V. in the current quarter, while forecast for next quarter EPS is $0.66 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $LifeMD, Inc. – 8.875% Series A which is $FMD at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $RFMD in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 54.65% while it is estimated to increase by 41.57% in next year.
Analysts at 5 brokerage firms have issued recommendations for the LifeMD Inc (LFMD)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 5 Wall Street analysts, 5 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Craig Hallum on November 30, 2023 offering a Buy rating for the stock and assigned a target price of $10 to it.
