Canaccord Genuity Group Issues Pessimistic Forecast for Nature’s Sunshine Products (NASDAQ:NATR) Stock Price

Nature’s Sunshine Products (NASDAQ:NATR) had its price target lowered by equities research analysts at Canaccord Genuity Group from $36.00 to $25.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group‘s target price would suggest a potential upside of 104.08% from the company’s previous close.

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

Nature’s Sunshine Products Price Performance

Shares of Nature’s Sunshine Products stock opened at $12.25 on Friday. Nature’s Sunshine Products has a twelve month low of $12.00 and a twelve month high of $28.14. The business has a 50-day moving average price of $13.08 and a 200 day moving average price of $20.51. The firm has a market cap of $215.55 million, a PE ratio of 12.13 and a beta of 0.81.

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

Insider Buying and Selling at Nature’s Sunshine Products

In other Nature’s Sunshine Products news, major shareholder Prescott Group Capital Managem purchased 96,000 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average cost of $16.63 per share, for a total transaction of $1,596,480.00. Following the completion of the transaction, the insider owned 1,883,610 shares of the company’s stock, valued at $31,324,434.30. The trade was a 5.37% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have bought 161,389 shares of company stock valued at $2,612,536 over the last quarter. Company insiders own 3.10% of the company’s stock.

Institutional Trading of Nature’s Sunshine Products

Several large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Nature’s Sunshine Products in the 2nd quarter worth approximately $21,561,000. Punch & Associates Investment Management Inc. acquired a new position in shares of Nature’s Sunshine Products during the 2nd quarter worth approximately $7,412,000. Skylands Capital LLC boosted its holdings in shares of Nature’s Sunshine Products by 1,034.4% during the 3rd quarter. Skylands Capital LLC now owns 179,509 shares of the company’s stock worth $2,278,000 after purchasing an additional 163,685 shares during the last quarter. Prescott Group Capital Management L.L.C. grew its position in shares of Nature’s Sunshine Products by 9.1% in the third quarter. Prescott Group Capital Management L.L.C. now owns 1,944,486 shares of the company’s stock valued at $24,676,000 after purchasing an additional 161,389 shares in the last quarter. Finally, Man Group plc purchased a new stake in shares of Nature’s Sunshine Products in the second quarter valued at approximately $2,766,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Nature’s Sunshine Products Company Profile

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.