Barnes-Pettey Financial Advisors recently announced the acquisition of new stake in MSP Recovery Inc. (NASDAQ:LIFW). The institutional investor has increased its shareholding in the Healthcare company by 55.60% to 0.76 million shares with purchase of 0.27 million shares. This fresh investment now brings its stake to 1.03% valued currently at $1.22 million. In addition, Lumyna Investments Ltd. raised its holdings by 0.25 million to 0.25 million shares.
With over 0.15 million MSP Recovery Inc. (LIFW) shares trading Friday and a closing price of $1.33 on the day, the dollar volume was approximately $0.19 million. The shares have shown a negative half year performance of -24.00% and its price on 01/20/23 lost nearly -5.67%. Currently, there are 3.22B common shares owned by the public and among those 65.48M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for LIFW have a consensus price objective of $3.00. The analysts have set the share’s price value over the next 12 months at a high of $3.00 and a low of $3.00. The average price target is 55.67% above its recent price level and an upside to the estimated low will see the stock gain 55.67% over that period. But an upside of 55.67% will see the stock hit the forecast high price target while median target price for the stock is $3.00.
Insiders at the company have transacted a total of 37 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 25 of these insider trades were purchases, accounting for 3,219,019 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 7,863,932 shares.
The top 3 mutual fund holders in MSP Recovery Inc. are Vanguard Total Stock Market Index, Vanguard Small Cap Index Fund, and Vanguard Small Cap Value Index Fu. Vanguard Total Stock Market Index owns 1.86 million shares of the company’s stock, all valued at over $2.97 million. The company bought an additional 1.86 million shares recently to bring their total holdings to about 2.51% of the shares outstanding. Vanguard Small Cap Value Index Fu bought 0.79 million shares to bring its total holdings to over 0.79 million shares at a value of $1.26 million. Vanguard Small Cap Value Index Fu now owns shares totaling to 1.07% of the shares outstanding.
Shares of MSP Recovery Inc. (NASDAQ: LIFW) opened at $1.47, up $0.06 from a prior closing price of $1.41. However, the script later moved the day high at 1.4700, down -5.67%. The company’s stock has a 5-day price change of -14.19% and 16.67% over the past three months. LIFW shares are trading -16.87% year to date (YTD), with the 12-month market performance down to -86.67% lower. It has a 12-month low price of $0.91 and touched a high of $11.70 over the same period. LIFW has an average intraday trading volume of 208.45K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.71%, 5.24%, and -55.57% respectively.
Institutional ownership of MSP Recovery Inc. (NASDAQ: LIFW) shares accounts for 12.10% of the company’s 3.22B shares outstanding. Mutual fund holders own 10.22%, while other institutional holders and individual stakeholders account for 5.92% and -1.01% respectively.
It has a market capitalization of $4.54B. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.54% over the week and 10.67% over the month.
Earnings per share for the fiscal year are expected to decrease by -36.40%, and 315.84% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate MSP Recovery Inc. (LIFW) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
