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 last Friday at $6.88.
Gomes covers the Technology sector, focusing on stocks such as One Stop Systems, Kratos Defense, and V2X. According to TipRanks, Gomes has an average return of 3.0% and a 43.68% success rate on recommended stocks.
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 $8.10 and a one-year low of $4.55. Currently, Lifeway Foods has an average volume of 13.88K.
Based on the recent corporate insider activity of 27 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.
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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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