DA Davidson Issues Pessimistic Forecast for Nu Skin Enterprises (NYSE:NUS) Stock Price

Nu Skin Enterprises (NYSE:NUS) had its target price dropped by equities researchers at DA Davidson from $11.00 to $7.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s price target points to a potential upside of 3.86% from the company’s previous close.

Several other analysts have also weighed in on the company. Citigroup decreased their price objective on Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. StockNews.com upgraded shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

Nu Skin Enterprises Stock Performance

Shares of NYSE NUS traded down $0.13 during mid-day trading on Friday, hitting $6.74. The company had a trading volume of 221,449 shares, compared to its average volume of 833,889. Nu Skin Enterprises has a 12 month low of $5.95 and a 12 month high of $20.75. The firm has a market cap of $335.05 million, a P/E ratio of -3.26 and a beta of 1.20. The business’s 50-day simple moving average is $6.98 and its 200-day simple moving average is $8.79. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.93 and a quick ratio of 1.20.

Hedge Funds Weigh In On Nu Skin Enterprises

Hedge funds and other institutional investors have recently modified their holdings of the stock. Weiss Asset Management LP bought a new stake in Nu Skin Enterprises in the third quarter valued at $2,727,000. Centiva Capital LP acquired a new stake in shares of Nu Skin Enterprises in the 3rd quarter valued at $508,000. AXA S.A. bought a new stake in shares of Nu Skin Enterprises in the 2nd quarter worth about $1,061,000. Verition Fund Management LLC acquired a new stake in shares of Nu Skin Enterprises during the 3rd quarter worth about $581,000. Finally, Federated Hermes Inc. lifted its holdings in Nu Skin Enterprises by 111.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,323,542 shares of the company’s stock valued at $13,950,000 after purchasing an additional 698,722 shares during the last quarter. Institutional investors own 82.84% of the company’s stock.

About Nu Skin Enterprises

Nu Skin Enterprises, Inc, together with its subsidiaries, engages in the development and distribution of various beauty and wellness products worldwide. It offers skin care devices, cosmetics, and other personal care products, including ageLOC LumiSpa and ageLOC LumiSpa iO; and nutricentials skin care products.