DA Davidson Lowers Nu Skin Enterprises (NYSE:NUS) Price Target to $7.00

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

NUS has been the subject of several other reports. Citigroup lowered their target price on Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. StockNews.com upgraded Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Nu Skin Enterprises Price Performance

Shares of NUS traded down $0.13 during mid-day trading on Friday, hitting $6.74. 221,449 shares of the company traded hands, compared to its average volume of 833,889. The company has a current ratio of 1.93, a quick ratio of 1.20 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $335.05 million, a price-to-earnings ratio of -3.26 and a beta of 1.20. The business has a 50-day moving average of $6.98 and a 200 day moving average of $8.79. Nu Skin Enterprises has a one year low of $5.95 and a one year high of $20.75.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NUS. Signaturefd LLC increased its holdings in Nu Skin Enterprises by 72.6% in the second quarter. Signaturefd LLC now owns 3,797 shares of the company’s stock valued at $40,000 after purchasing an additional 1,597 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Nu Skin Enterprises in the 2nd quarter valued at about $47,000. Headlands Technologies LLC raised its position in shares of Nu Skin Enterprises by 1,428.0% in the 2nd quarter. Headlands Technologies LLC now owns 6,937 shares of the company’s stock valued at $73,000 after acquiring an additional 6,483 shares during the period. nVerses Capital LLC bought a new position in Nu Skin Enterprises during the 2nd quarter worth approximately $75,000. Finally, Covestor Ltd grew its holdings in Nu Skin Enterprises by 110.9% during the third quarter. Covestor Ltd now owns 10,140 shares of the company’s stock valued at $75,000 after purchasing an additional 5,333 shares during the period. Institutional investors and hedge funds 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.