LifeMD (NASDAQ:LFMD – Free Report) had its price objective increased by BTIG Research from $13.00 to $14.00 in a research report report published on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.
Separately, HC Wainwright boosted their price objective on shares of LifeMD from $10.00 to $12.00 and gave the stock a buy rating in a report on Thursday, January 11th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of Buy and a consensus target price of $10.40.
Check Out Our Latest Analysis on LifeMD
LifeMD Stock Up 8.9 %
LifeMD (NASDAQ:LFMD – Get Free Report) last issued its quarterly earnings results on Monday, March 11th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02. The company had revenue of $44.86 million during the quarter, compared to the consensus estimate of $40.65 million. Sell-side analysts expect that LifeMD will post -0.14 earnings per share for the current fiscal year.
Institutional Trading of LifeMD
A number of institutional investors have recently made changes to their positions in the stock. G2 Investment Partners Management LLC raised its holdings in LifeMD by 23.9% during the 4th quarter. G2 Investment Partners Management LLC now owns 688,050 shares of the company’s stock valued at $5,704,000 after buying an additional 132,850 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of LifeMD in the fourth quarter valued at about $815,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in LifeMD during the 3rd quarter valued at approximately $577,000. Cantor Fitzgerald L. P. purchased a new stake in LifeMD in the 4th quarter worth approximately $653,000. Finally, Jump Financial LLC purchased a new position in shares of LifeMD during the third quarter valued at approximately $465,000. Hedge funds and other institutional investors own 35.52% of the company’s stock.
LifeMD Company Profile
LifeMD, Inc operates as a direct-to-patient telehealth company that connects consumers to healthcare professionals for medical care in the United States. The company offers telehealth platform comprising RexMD, a men's telehealth brand that provides access to virtual medical treatment for a variety of men's health needs from licensed physician; ShapiroMD that provides virtual medical treatment, prescription medications, patented doctor formulated OTC products, topical compounded medications, and medical devices treating male and female hair loss; NavaMD, a female-oriented tele-dermatology that offers virtual medical treatment from dermatologists and other providers; and prescription oral and compounded topical medications to treat aging and acne; and Cleared which provides personalized treatments for allergy, asthma and immunology, including in-home tests for both environmental and food allergies, prescriptions for allergies and asthma and immunotherapies for treating chronic allergies.
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