Nature’s Sunshine Products (NASDAQ:NATR) Stock Price Target Cut by Canaccord Genuity Group

Nature’s Sunshine Products (NASDAQ:NATR) had its target price reduced by stock analysts at Canaccord Genuity Group from $36.00 to $25.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group‘s target price indicates a potential upside of 104.08% from the company’s current price.

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

Nature’s Sunshine Products Price Performance

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

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

Insider Transactions at Nature’s Sunshine Products

In other news, major shareholder Prescott Group Capital Managem purchased 96,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average price 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 in the company, valued at $31,324,434.30. This represents a 5.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders purchased 161,389 shares of company stock valued at $2,612,536 over the last three months. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Nature’s Sunshine Products

A number of hedge funds have recently modified their holdings of NATR. Prescott Group Capital Management L.L.C. raised its stake in Nature’s Sunshine Products by 9.1% during the third quarter. Prescott Group Capital Management L.L.C. now owns 1,944,486 shares of the company’s stock worth $24,676,000 after purchasing an additional 161,389 shares during the period. State of Wyoming grew its stake in shares of Nature’s Sunshine Products by 90.8% in the 3rd quarter. State of Wyoming now owns 21,776 shares of the company’s stock valued at $276,000 after buying an additional 10,365 shares during the period. Skylands Capital LLC grew its stake in shares of Nature’s Sunshine Products by 1,034.4% in the 3rd quarter. Skylands Capital LLC now owns 179,509 shares of the company’s stock valued at $2,278,000 after buying an additional 163,685 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Nature’s Sunshine Products by 415.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,444 shares of the company’s stock worth $94,000 after buying an additional 6,000 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in shares of Nature’s Sunshine Products by 134.3% during the 2nd quarter. Squarepoint Ops LLC now owns 27,071 shares of the company’s stock worth $590,000 after buying an additional 15,518 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

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.