Chardan Capital Reaffirms “Neutral” Rating for Healthways, Inc. (TVTY)

Healthways, Inc. (NASDAQ:TVTY)‘s stock had its “neutral” rating restated by Chardan Capital in a research note issued to investors on Friday, October 27th, Marketbeat reports. They presently have a $44.00 price target on the stock, up from their previous price target of $40.00. Chardan Capital’s price target points to a potential upside of 30.37% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. SunTrust Banks, Inc. reissued a “buy” rating and issued a $46.00 price target on shares of Healthways in a research report on Thursday, October 12th. Zacks Investment Research upgraded shares of Healthways from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. ValuEngine lowered shares of Healthways from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Jefferies Group LLC restated a “buy” rating and issued a $46.00 price objective on shares of Healthways in a research note on Monday, September 25th. Finally, Barrington Research lifted their price objective on shares of Healthways from $35.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Healthways presently has a consensus rating of “Buy” and a consensus price target of $46.25.

Shares of Healthways (NASDAQ TVTY) opened at $33.75 on Friday. The company has a market cap of $1,360.00, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.87 and a beta of 0.27. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.02. Healthways has a 1-year low of $20.60 and a 1-year high of $48.50.

Healthways (NASDAQ:TVTY) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.10. The firm had revenue of $137.70 million during the quarter, compared to analysts’ expectations of $137.95 million. Healthways had a net margin of 11.45% and a return on equity of 30.23%. The company’s revenue was up 10.2% compared to the same quarter last year. equities research analysts expect that Healthways will post 1.6 earnings per share for the current year.

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In other Healthways news, Director Conan Laughlin sold 120,000 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $47.52, for a total transaction of $5,702,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mary Flipse sold 14,020 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of $37.03, for a total transaction of $519,160.60. Following the transaction, the insider now owns 61,167 shares in the company, valued at $2,265,014.01. The disclosure for this sale can be found here. In the last three months, insiders sold 183,218 shares of company stock valued at $8,200,064. Company insiders own 8.42% of the company’s stock.

Large investors have recently modified their holdings of the business. United Services Automobile Association acquired a new stake in shares of Healthways during the first quarter worth $377,000. Dimensional Fund Advisors LP acquired a new stake in shares of Healthways in the 1st quarter worth about $70,660,000. Credit Suisse AG acquired a new stake in shares of Healthways in the 1st quarter worth about $1,395,000. California Public Employees Retirement System acquired a new stake in shares of Healthways in the 1st quarter worth about $247,000. Finally, Vanguard Group Inc. acquired a new stake in shares of Healthways in the 1st quarter worth about $135,544,000.

About Healthways

Tivity Health, Inc, formerly Healthways, Inc, is focused targeted population health for those aged 50 and older. The Company offers three programs: SilverSneakers senior fitness, Prime fitness and WholeHealth Living. The SilverSneakers senior fitness program is offered to members of Medicare Advantage, Medicare Supplement, and Group Retiree plans.

Analyst Recommendations for Healthways (NASDAQ:TVTY)

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