Tivity Health (TVTY) PT Raised to $45.00

Tivity Health (NASDAQ:TVTY) had its price objective hoisted by Cantor Fitzgerald from $40.00 to $45.00 in a research report sent to investors on Thursday morning, The Fly reports. The brokerage currently has an overweight rating on the stock.

TVTY has been the subject of a number of other research reports. Piper Jaffray Companies upped their price objective on shares of Tivity Health from $29.00 to $33.00 and gave the company an overweight rating in a report on Thursday. BidaskClub lowered shares of Tivity Health from a sell rating to a strong sell rating in a report on Monday, March 11th. Jefferies Financial Group dropped their price objective on shares of Tivity Health to $29.00 and set a buy rating for the company in a report on Wednesday, February 20th. Zacks Investment Research raised shares of Tivity Health from a hold rating to a strong-buy rating and set a $25.00 price objective for the company in a report on Wednesday, May 1st. Finally, Chardan Capital reissued a buy rating and issued a $31.00 price objective (down previously from $41.00) on shares of Tivity Health in a report on Friday, February 1st. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $33.00.

Tivity Health stock opened at $19.01 on Thursday. Tivity Health has a 52-week low of $16.25 and a 52-week high of $41.46. The firm has a market cap of $905.83 million, a PE ratio of 8.12, a price-to-earnings-growth ratio of 0.82 and a beta of 1.10. The company has a quick ratio of 0.96, a current ratio of 0.86 and a debt-to-equity ratio of 2.13.

Tivity Health (NASDAQ:TVTY) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. Tivity Health had a net margin of 12.18% and a return on equity of 26.02%. The firm had revenue of $214.10 million during the quarter, compared to analyst estimates of $200.39 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Tivity Health’s quarterly revenue was up 42.8% on a year-over-year basis. Equities research analysts anticipate that Tivity Health will post 2.37 EPS for the current fiscal year.

In other Tivity Health news, Director Sara Finley purchased 2,000 shares of Tivity Health stock in a transaction dated Wednesday, March 20th. The shares were acquired at an average price of $17.25 per share, with a total value of $34,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bradley S. Karro purchased 2,900 shares of Tivity Health stock in a transaction dated Friday, March 22nd. The shares were acquired at an average cost of $16.54 per share, for a total transaction of $47,966.00. Following the transaction, the director now directly owns 24,696 shares of the company’s stock, valued at approximately $408,471.84. The disclosure for this purchase can be found here. 1.64% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Piedmont Investment Advisors Inc. lifted its position in shares of Tivity Health by 5.5% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 9,729 shares of the company’s stock worth $241,000 after purchasing an additional 511 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Tivity Health by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 17,112 shares of the company’s stock worth $425,000 after purchasing an additional 667 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Tivity Health by 5.7% in the fourth quarter. State of Alaska Department of Revenue now owns 13,691 shares of the company’s stock valued at $339,000 after acquiring an additional 737 shares in the last quarter. Advisor Group Inc. raised its holdings in Tivity Health by 364.2% in the fourth quarter. Advisor Group Inc. now owns 1,142 shares of the company’s stock valued at $29,000 after acquiring an additional 896 shares in the last quarter. Finally, Enlightenment Research LLC acquired a new stake in Tivity Health in the fourth quarter valued at approximately $37,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

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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The Fly

Analyst Recommendations for Tivity Health (NASDAQ:TVTY)

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