LifeMD, Inc. (NASDAQ:LFMD – Get Rating) insider Stefan Galluppi bought 10,000 shares of LifeMD stock in a transaction dated Tuesday, May 23rd. The shares were acquired at an average cost of $2.17 per share, for a total transaction of $21,700.00. Following the completion of the purchase, the insider now directly owns 17,841 shares of the company’s stock, valued at approximately $38,714.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
LifeMD Stock Performance
LifeMD stock opened at $2.17 on Friday. LifeMD, Inc. has a fifty-two week low of $1.14 and a fifty-two week high of $3.22. The stock has a market cap of $70.33 million, a price-to-earnings ratio of -1.72 and a beta of 1.30. The stock’s 50 day simple moving average is $1.66 and its two-hundred day simple moving average is $1.91.
LifeMD (NASDAQ:LFMD – Get Rating) last posted its quarterly earnings data on Wednesday, March 22nd. The company reported ($0.40) earnings per share (EPS) for the quarter. LifeMD had a negative return on equity of 7,255.81% and a negative net margin of 29.44%. The firm had revenue of $28.12 million during the quarter.
Institutional Investors Weigh In On LifeMD
Wall Street Analysts Forecast Growth
Separately, BTIG Research decreased their price objective on shares of LifeMD from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, March 23rd.
LifeMD, Inc is a telehealth company, which engages in offering a portfolio of direct-to-patient products and services. The firm combines virtual medical treatment with prescription medications and over-the-counter products. It operates through the Telehealth and WorkSimpli segments. The company was founded in 1987 and is headquartered in New York, NY.
- Get a free copy of the StockNews.com research report on LifeMD (LFMD)
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