FitLife Brands (FTLF, Financial) has announced a change in its Board of Directors, with Todd Ordal stepping down from his role, effective April 25. The company emphasized that Mr. Ordal's departure was part of a strategic initiative to periodically renew the board's composition, aligning with best practices in corporate governance. There were no disagreements between Mr. Ordal and the company's management or board that prompted his resignation.
In the wake of this change, FitLife Brands has appointed Shannon Pappas to the board as an independent director. Ms. Pappas will fill the vacancy left by Mr. Ordal and will also serve on the Audit, Compensation, and Nominating/Corporate Governance Committees. Prior to joining FitLife Brands, Ms. Pappas was the Consumer President & Head of Digital Commerce at Beauty Industry Group, where she led initiatives in the global hair extensions and beauty markets.
The addition of Ms. Pappas is expected to bring a fresh perspective and expertise to FitLife Brands as the company continues to evolve and adapt to the demands of the market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for FitLife Brands Inc (FTLF, Financial) is $20.50 with a high estimate of $21.00 and a low estimate of $20.00. The average target implies an upside of 43.36% from the current price of $14.30. More detailed estimate data can be found on the FitLife Brands Inc (FTLF) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, FitLife Brands Inc's (FTLF, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for FitLife Brands Inc (FTLF, Financial) in one year is $17.53, suggesting a upside of 22.59% from the current price of $14.3. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the FitLife Brands Inc (FTLF) Summary page.
