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

Shares of Herbalife Ltd. (NYSE:HLF) 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.

Analysts Set New Price Targets

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

Herbalife Trading Up 8.5 %

The company has a market capitalization of $570.98 million, a PE ratio of 6.65, a price-to-earnings-growth ratio of 0.18 and a beta of 1.15. The stock’s 50-day moving average is $6.50 and its two-hundred day moving average is $7.45.

Hedge Funds Weigh In On Herbalife

A number of hedge funds have recently added to or reduced their stakes in HLF. Inspire Investing LLC grew its stake in Herbalife by 66.6% in the 3rd quarter. Inspire Investing LLC now owns 56,421 shares of the company’s stock worth $406,000 after acquiring an additional 22,558 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Herbalife by 42.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 43,154 shares of the company’s stock worth $310,000 after acquiring an additional 12,961 shares in the last quarter. Avaii Wealth Management LLC boosted its stake in shares of Herbalife by 12.4% during the third quarter. Avaii Wealth Management LLC now owns 39,264 shares of the company’s stock valued at $282,000 after purchasing an additional 4,347 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of Herbalife during the third quarter valued at approximately $78,000. Finally, Diversify Wealth Management LLC boosted its stake in shares of Herbalife by 271.4% during the third quarter. Diversify Wealth Management LLC now owns 159,499 shares of the company’s stock valued at $1,113,000 after purchasing an additional 116,548 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.