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 $8.18.
Gomes covers the Technology sector, focusing on stocks such as Kratos Defense, Bit Digital, and Comtech Telecommunications. According to TipRanks, Gomes has an average return of 4.1% and a 45.26% success rate on recommended stocks.
Lifeway Foods has an analyst consensus of Moderate Buy, with a price target consensus of $10.00.
See Insiders’ Hot Stocks on TipRanks >>
Based on Lifeway Foods’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $37.9 million and a net profit of $830 thousand. In comparison, last year the company earned a revenue of $34.1 million and had a GAAP net loss of $895 thousand
Based on the recent corporate insider activity of 17 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.
Read More on LWAY:
