Tivity Health (NASDAQ:TVTY) Raised to Buy at BidaskClub

BidaskClub upgraded shares of Tivity Health (NASDAQ:TVTY) from a hold rating to a buy rating in a research report report published on Wednesday morning, BidAskClub reports.

Several other equities analysts have also weighed in on TVTY. Piper Jaffray Companies dropped their price objective on shares of Tivity Health from $33.00 to $25.00 and set an overweight rating on the stock in a report on Thursday, August 8th. Cantor Fitzgerald set a $45.00 price objective on shares of Tivity Health and gave the company a buy rating in a report on Monday, August 26th. Chardan Capital dropped their price objective on shares of Tivity Health from $33.00 to $24.00 and set a buy rating on the stock in a report on Friday, August 23rd. Barrington Research reiterated an outperform rating on shares of Tivity Health in a report on Thursday, August 8th. Finally, Zacks Investment Research lowered shares of Tivity Health from a hold rating to a sell rating in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $31.33.

Shares of NASDAQ TVTY traded up $1.27 during midday trading on Wednesday, reaching $21.32. 2,320,700 shares of the company were exchanged, compared to its average volume of 720,775. The stock’s 50-day moving average price is $16.54 and its 200-day moving average price is $17.62. Tivity Health has a one year low of $14.84 and a one year high of $41.46. The stock has a market cap of $962.52 million, a P/E ratio of 9.11, a PEG ratio of 0.88 and a beta of 1.01. The company has a quick ratio of 0.76, a current ratio of 0.94 and a debt-to-equity ratio of 1.96.

Tivity Health (NASDAQ:TVTY) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.10). Tivity Health had a net margin of 6.41% and a return on equity of 21.67%. The company had revenue of $303.90 million for the quarter, compared to analyst estimates of $301.52 million. During the same quarter in the prior year, the company posted $0.59 EPS. Tivity Health’s revenue for the quarter was up 100.6% on a year-over-year basis. On average, equities research analysts anticipate that Tivity Health will post 2.17 EPS for the current year.

Several large investors have recently bought and sold shares of TVTY. Public Employees Retirement System of Ohio increased its position in shares of Tivity Health by 47.4% during the second quarter. Public Employees Retirement System of Ohio now owns 2,409 shares of the company’s stock worth $40,000 after acquiring an additional 775 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Tivity Health by 349.7% during the third quarter. Tower Research Capital LLC TRC now owns 2,788 shares of the company’s stock worth $46,000 after acquiring an additional 2,168 shares in the last quarter. Resources Investment Advisors LLC. bought a new stake in shares of Tivity Health during the second quarter worth about $61,000. Meadow Creek Investment Management LLC increased its position in shares of Tivity Health by 22.8% during the second quarter. Meadow Creek Investment Management LLC now owns 4,912 shares of the company’s stock worth $81,000 after acquiring an additional 912 shares in the last quarter. Finally, Delta Asset Management LLC TN increased its position in shares of Tivity Health by 1,851.9% during the second quarter. Delta Asset Management LLC TN now owns 5,270 shares of the company’s stock worth $87,000 after acquiring an additional 5,000 shares in the last quarter.

Tivity Health Company Profile

Tivity Health, Inc provides fitness and health improvement programs in the United States. The company offers SilverSneakers senior fitness program to the members of Medicare advantage, Medicare supplement; and Prime fitness, a fitness facility access program through commercial health plans and employers.

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