Tivity Health (NASDAQ:TVTY)‘s stock had its “buy” rating reissued by equities researchers at Cantor Fitzgerald in a research report issued to clients and investors on Monday. They currently have a $49.00 price target on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 28.10% from the stock’s previous close.
The analysts wrote, “. We maintain our Overweight rating on TVTY shares and our 12-month price target of $49. After the close on Monday, November 5, TVTY reported 3Q18 results, with revenue slightly below our estimate and FactSet consensus, while adjusted EPS were slightly above our estimate and consensus. Visits continued to rebound from 1Q18 levels, which were negatively affected by flu and weather. TVTY fine-tuned its 2018 guidance. Last quarter, the company indicated that UnitedHealth Group (UNH – Overweight) will remove SilverSneakers in 11 additional states beginning in 2019. At this juncture, it is probably safe to assume that UNH will move the remaining states in 2020.””
Other research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Tivity Health from a “sell” rating to a “strong sell” rating in a report on Thursday, August 16th. SunTrust Banks reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Tivity Health in a report on Friday, August 3rd. Finally, Zacks Investment Research cut shares of Tivity Health from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. One analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Tivity Health currently has a consensus rating of “Buy” and a consensus price target of $46.67.
TVTY opened at $38.25 on Monday. Tivity Health has a fifty-two week low of $30.80 and a fifty-two week high of $44.35. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 1.47 and a beta of 0.82.
Tivity Health (NASDAQ:TVTY) last released its quarterly earnings data on Monday, November 5th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Tivity Health had a net margin of 13.79% and a return on equity of 28.38%. The company had revenue of $151.50 million during the quarter, compared to analysts’ expectations of $153.87 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities research analysts expect that Tivity Health will post 2.15 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in TVTY. US Bancorp DE grew its position in shares of Tivity Health by 11.2% in the second quarter. US Bancorp DE now owns 32,851 shares of the company’s stock valued at $1,156,000 after purchasing an additional 3,302 shares during the period. ClariVest Asset Management LLC grew its position in shares of Tivity Health by 47.8% in the second quarter. ClariVest Asset Management LLC now owns 5,879 shares of the company’s stock valued at $207,000 after purchasing an additional 1,902 shares during the period. Ardsley Advisory Partners acquired a new stake in shares of Tivity Health in the second quarter valued at about $528,000. BlueMountain Capital Management LLC grew its position in shares of Tivity Health by 74.1% in the second quarter. BlueMountain Capital Management LLC now owns 20,560 shares of the company’s stock valued at $724,000 after purchasing an additional 8,749 shares during the period. Finally, BlackRock Inc. grew its position in shares of Tivity Health by 12.3% in the second quarter. BlackRock Inc. now owns 5,238,626 shares of the company’s stock valued at $184,399,000 after purchasing an additional 572,771 shares during the period.
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.
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