Nature’s Sunshine Products (NASDAQ:NATR) Given New $25.00 Price Target at Canaccord Genuity Group

Nature’s Sunshine Products (NASDAQ:NATR) had its target price reduced by Canaccord Genuity Group from $36.00 to $25.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Nature’s Sunshine Products from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings downgraded Nature’s Sunshine Products from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, October 27th. Finally, DA Davidson reduced their target price on shares of Nature’s Sunshine Products from $33.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

Nature’s Sunshine Products Stock Performance

Shares of NATR stock opened at $12.25 on Friday. The stock has a market cap of $215.55 million, a PE ratio of 12.13 and a beta of 0.81. The company’s fifty day moving average price is $13.08 and its 200-day moving average price is $20.51. Nature’s Sunshine Products has a 12 month low of $12.00 and a 12 month high of $28.14.

Nature’s Sunshine Products (NASDAQ:NATR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06). Nature’s Sunshine Products had a net margin of 3.68% and a return on equity of 12.88%. The company had revenue of $116.99 million for the quarter, compared to the consensus estimate of $123.70 million.

Insider Activity

In related news, major shareholder Prescott Group Capital Managem purchased 20,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were purchased at an average cost of $14.69 per share, for a total transaction of $293,800.00. Following the completion of the acquisition, the insider owned 1,944,486 shares in the company, valued at approximately $28,564,499.34. This trade represents a 1.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have acquired 161,389 shares of company stock worth $2,612,536 over the last ninety days. 3.10% of the stock is currently owned by insiders.

Institutional Trading of Nature’s Sunshine Products

Several institutional investors and hedge funds have recently modified their holdings of the stock. Prescott Group Capital Management L.L.C. lifted its holdings in shares of Nature’s Sunshine Products by 9.1% in the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 1,944,486 shares of the company’s stock worth $24,676,000 after buying an additional 161,389 shares during the period. BlackRock Inc. purchased a new position in shares of Nature’s Sunshine Products in the 2nd quarter worth approximately $21,561,000. Renaissance Technologies LLC grew its position in shares of Nature’s Sunshine Products by 1.5% in the 1st quarter. Renaissance Technologies LLC now owns 531,924 shares of the company’s stock worth $12,761,000 after buying an additional 7,827 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in Nature’s Sunshine Products by 44.4% during the first quarter. Hillsdale Investment Management Inc. now owns 316,867 shares of the company’s stock valued at $7,602,000 after acquiring an additional 97,397 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. acquired a new stake in Nature’s Sunshine Products in the second quarter valued at approximately $7,412,000. Institutional investors own 79.40% of the company’s stock.

About Nature’s Sunshine Products

Nature’s Sunshine Products, Inc develops and sells natural health and wellness products through direct selling, e-commerce and other distribution channels. Its product portfolio includes dietary supplements, herbal supplements, vitamins, minerals, essential oils, sports nutrition products and personal-care items.

The company markets products primarily under the Nature’s Sunshine and Synergy WorldWide brands. Nature’s Sunshine focuses on nutritional and herbal wellness products, while Synergy offers supplements and performance-oriented nutrition products.