Tivity Health (NASDAQ:TVTY) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
Other research analysts also recently issued reports about the stock. SunTrust Banks restated a “buy” rating and set a $46.00 price objective on shares of Tivity Health in a research report on Friday, August 3rd. Zacks Investment Research upgraded shares of Tivity Health from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $47.43.
TVTY traded up $0.07 during trading on Thursday, hitting $31.72. 507,604 shares of the stock traded hands, compared to its average volume of 536,714. Tivity Health has a twelve month low of $29.95 and a twelve month high of $48.50. The company has a market cap of $1.29 billion, a P/E ratio of 18.88, a P/E/G ratio of 1.36 and a beta of 0.59.
Tivity Health (NASDAQ:TVTY) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. Tivity Health had a net margin of 13.79% and a return on equity of 28.38%. The business had revenue of $151.90 million during the quarter, compared to the consensus estimate of $152.98 million. During the same period in the previous year, the business earned $0.41 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. Equities analysts expect that Tivity Health will post 2.15 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in TVTY. NEXT Financial Group Inc acquired a new position in Tivity Health during the third quarter valued at approximately $104,000. Itau Unibanco Holding S.A. acquired a new position in Tivity Health during the second quarter valued at approximately $141,000. Point72 Asia Hong Kong Ltd acquired a new position in Tivity Health during the first quarter valued at approximately $148,000. SG Americas Securities LLC acquired a new position in shares of Tivity Health during the first quarter worth $152,000. Finally, ClariVest Asset Management LLC increased its holdings in shares of Tivity Health by 47.8% during the second quarter. ClariVest Asset Management LLC now owns 5,879 shares of the company’s stock worth $207,000 after buying an additional 1,902 shares in the last quarter.
About Tivity Health
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 group retiree plans; and Prime fitness, a fitness facility access program through commercial health plans and employers.
Further Reading: What are earnings reports?
Receive News & Ratings for Tivity Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tivity Health and related companies with MarketBeat.com's FREE daily email newsletter.