Noble Financial analyst Joe Gomes maintained a Buy rating on Lifeway Foods (LWAY – Research Report) today and set a price target of $10.00. The company’s shares closed yesterday at $5.46.
According to TipRanks, Gomes is a 4-star analyst with an average return of 3.7% and a 40.43% success rate. Gomes covers the Services sector, focusing on stocks such as RCI Hospitality Holdings, Fat Brands, and DLH Holdings.
Lifeway Foods has an analyst consensus of Moderate Buy, with a price target consensus of $10.00.
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The company has a one-year high of $9.00 and a one-year low of $4.55. Currently, Lifeway Foods has an average volume of 14.16K.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LWAY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Lifeway Foods, Inc. engages in the manufacture of probiotic and nutritious foods. Its products include kefir, organic kefir, plantiful, probugs, frozen kefir, cups and skyr, cheese, and supplements. It distributes its products primarily through its direct sales force, brokers, and distributors. The company was founded by Michael Smolyansky and Ludmila Smolyansky in February 1986 and is headquartered in Morton Grove, IL.
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