Tivity Health (TVTY) Stock Rating Upgraded by BidaskClub

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Tivity Health (NASDAQ:TVTY) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other equities analysts also recently weighed in on the company. Zacks Investment Research raised Tivity Health from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. SunTrust Banks restated a “buy” rating and set a $46.00 price objective on shares of Tivity Health in a report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $47.43.

NASDAQ TVTY traded up $0.07 during trading on Thursday, reaching $31.72. 507,604 shares of the company’s stock were exchanged, compared to its average volume of 536,714. The company has a market cap of $1.29 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 1.36 and a beta of 0.59. Tivity Health has a fifty-two week low of $29.95 and a fifty-two week high of $48.50.

Tivity Health (NASDAQ:TVTY) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. The firm had revenue of $151.90 million for the quarter, compared to the consensus estimate of $152.98 million. Tivity Health had a return on equity of 28.38% and a net margin of 13.79%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. Equities analysts forecast that Tivity Health will post 2.15 EPS for the current fiscal year.

Several large investors have recently modified their holdings of TVTY. NEXT Financial Group Inc bought a new stake in shares of Tivity Health during the third quarter worth approximately $104,000. Itau Unibanco Holding S.A. bought a new stake in shares of Tivity Health during the second quarter worth approximately $141,000. Point72 Asia Hong Kong Ltd bought a new stake in shares of Tivity Health during the first quarter worth approximately $148,000. SG Americas Securities LLC bought a new stake in shares of Tivity Health during the first quarter worth approximately $152,000. Finally, ClariVest Asset Management LLC boosted 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 acquiring an additional 1,902 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.

Further Reading: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Tivity Health (NASDAQ:TVTY)

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