Nature’s Sunshine Products (NASDAQ:NATR) Research Coverage Started at Canaccord Genuity Group

Canaccord Genuity Group started coverage on shares of Nature’s Sunshine Products (NASDAQ:NATR) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $18.00 target price on the stock.

A number of other research analysts have also weighed in on the stock. Canaccord Genuity Group started coverage on shares of Nature’s Sunshine Products in a report on Friday. They issued a buy rating and a $18.00 target price for the company. StockNews.com upgraded shares of Nature’s Sunshine Products from a buy rating to a strong-buy rating in a research report on Tuesday, September 10th. Finally, DA Davidson dropped their price target on Nature’s Sunshine Products from $23.00 to $21.00 and set a buy rating for the company in a research report on Monday, August 12th.

Nature’s Sunshine Products Stock Performance

Shares of NASDAQ NATR opened at $14.06 on Friday. The firm’s fifty day moving average is $14.43 and its two-hundred day moving average is $16.36. Nature’s Sunshine Products has a 52-week low of $10.81 and a 52-week high of $21.72. The company has a market cap of $260.25 million, a P/E ratio of 16.54 and a beta of 0.87.

Nature’s Sunshine Products (NASDAQ:NATR) last issued its earnings results on Thursday, August 8th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.18). Nature’s Sunshine Products had a return on equity of 9.79% and a net margin of 3.50%. The firm had revenue of $110.55 million during the quarter.

Hedge Funds Weigh In On Nature’s Sunshine Products

Hedge funds have recently added to or reduced their stakes in the company. Gladius Capital Management LP lifted its position in shares of Nature’s Sunshine Products by 23.9% during the second quarter. Gladius Capital Management LP now owns 6,862 shares of the company’s stock worth $103,000 after purchasing an additional 1,325 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in Nature’s Sunshine Products by 16.5% during the 1st quarter. Lazard Asset Management LLC now owns 7,040 shares of the company’s stock valued at $146,000 after buying an additional 998 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Nature’s Sunshine Products by 48.7% during the 1st quarter. SG Americas Securities LLC now owns 10,716 shares of the company’s stock valued at $223,000 after buying an additional 3,510 shares in the last quarter. XTX Topco Ltd purchased a new stake in Nature’s Sunshine Products in the 2nd quarter valued at about $180,000. Finally, Jump Financial LLC bought a new position in Nature’s Sunshine Products in the 4th quarter worth about $208,000. 79.40% of the stock is currently owned by institutional investors.

About Nature’s Sunshine Products

Nature's Sunshine Products, Inc, a natural health and wellness company, manufactures and sells nutritional and personal care products in Asia, Europe, North America, Latin America, and internationally. It offers general health products related to blood sugar support, bone health, cellular health, cognitive function, joint health, mood, sexual health, sleep, sports and energy, and vision.