BidaskClub Downgrades Tivity Health (TVTY) to Hold

Tivity Health (NASDAQ:TVTY) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other analysts have also recently issued reports on TVTY. Zacks Investment Research upgraded Tivity Health from a “hold” rating to a “strong-buy” rating and set a $45.00 target price for the company in a research report on Wednesday, February 28th. Chardan Capital reiterated a “neutral” rating and set a $41.00 target price (down previously from $44.00) on shares of Tivity Health in a research report on Friday, February 23rd. Barrington Research increased their target price on Tivity Health from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $53.00 target price on shares of Tivity Health in a research report on Friday, February 23rd. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $46.88.

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Shares of TVTY opened at $39.25 on Friday. Tivity Health has a 52 week low of $28.00 and a 52 week high of $48.50. The stock has a market capitalization of $1,571.50, a price-to-earnings ratio of 23.36, a P/E/G ratio of 1.66 and a beta of 0.31.

Tivity Health (NASDAQ:TVTY) last released its earnings results on Thursday, February 22nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.09. Tivity Health had a return on equity of 29.17% and a net margin of 11.44%. The firm had revenue of $139.40 million during the quarter, compared to analysts’ expectations of $138.22 million. During the same quarter last year, the business posted $0.35 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. sell-side analysts expect that Tivity Health will post 2.16 EPS for the current year.

In related news, CEO Donato Tramuto sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $38.53, for a total transaction of $770,600.00. Following the completion of the transaction, the chief executive officer now directly owns 189,596 shares of the company’s stock, valued at $7,305,133.88. The sale was disclosed in a filing with the SEC, which is available through this link. 8.42% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in TVTY. Neuberger Berman Group LLC boosted its stake in Tivity Health by 587.7% during the third quarter. Neuberger Berman Group LLC now owns 1,633,016 shares of the company’s stock valued at $66,627,000 after buying an additional 1,395,539 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Tivity Health by 390.7% in the 4th quarter. American Century Companies Inc. now owns 1,238,336 shares of the company’s stock valued at $45,261,000 after purchasing an additional 985,996 shares during the last quarter. Carillon Tower Advisers Inc. bought a new stake in shares of Tivity Health in the 4th quarter valued at approximately $28,150,000. Franklin Resources Inc. lifted its stake in shares of Tivity Health by 1,816.9% in the 4th quarter. Franklin Resources Inc. now owns 612,972 shares of the company’s stock valued at $22,404,000 after purchasing an additional 580,994 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Tivity Health by 5.7% in the 4th quarter. BlackRock Inc. now owns 4,624,987 shares of the company’s stock valued at $169,043,000 after purchasing an additional 247,948 shares during the last quarter.

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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.

Analyst Recommendations for Tivity Health (NASDAQ:TVTY)

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