In a report released today, Joe Gomes from Noble Financial maintained a Buy rating on Lifeway Foods (LWAY – Research Report), with a price target of $10.00. The company’s shares closed yesterday at $6.08.
Gomes covers the Services sector, focusing on stocks such as Fat Brands, CoreCivic, and Kelly Services. According to TipRanks, Gomes has an average return of 1.5% and a 37.29% success rate on recommended stocks.
Currently, the analyst consensus on Lifeway Foods is a Moderate Buy with an average price target of $10.00.
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The company has a one-year high of $8.10 and a one-year low of $4.55. Currently, Lifeway Foods has an average volume of 23.7K.
Based on the recent corporate insider activity of 24 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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