Healthways, Inc. (TVTY) Earns Neutral Rating from Analysts at Chardan Capital
Chardan Capital initiated coverage on shares of Healthways, Inc. (NASDAQ:TVTY) in a report issued on Tuesday morning, MarketBeat.com reports. The firm issued a neutral rating and a $40.00 target price on the stock.
A number of other brokerages have also commented on TVTY. Zacks Investment Research raised Healthways from a hold rating to a buy rating and set a $38.00 price objective on the stock in a report on Tuesday, May 2nd. BidaskClub raised Healthways from a buy rating to a strong-buy rating in a report on Friday, June 9th. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and issued a $41.00 price objective (up from $32.00) on shares of Healthways in a report on Monday, May 1st. UBS AG upped their price objective on Healthways from $37.00 to $43.00 and gave the company a buy rating in a report on Friday, June 23rd. Finally, Barrington Research upped their price objective on Healthways from $35.00 to $44.00 and gave the company an outperform rating in a report on Friday, July 28th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $39.88.
Shares of Healthways (NASDAQ:TVTY) opened at 39.20 on Tuesday. The firm has a market cap of $1.54 billion, a P/E ratio of 17.66 and a beta of 0.37. Healthways has a 1-year low of $19.25 and a 1-year high of $41.55. The firm’s 50-day moving average is $38.50 and its 200-day moving average is $33.74.
Healthways (NASDAQ:TVTY) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. Healthways had a return on equity of 29.81% and a net margin of 17.30%. The firm had revenue of $138.90 million for the quarter, compared to analyst estimates of $138.15 million. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. On average, analysts anticipate that Healthways will post $1.53 EPS for the current fiscal year.
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In related news, Director Conan Laughlin sold 1,750,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $37.90, for a total value of $66,325,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mary Flipse sold 1,340 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $37.32, for a total value of $50,008.80. Following the completion of the sale, the insider now directly owns 75,187 shares in the company, valued at $2,805,978.84. The disclosure for this sale can be found here. Insiders sold 1,809,913 shares of company stock worth $68,582,025 over the last ninety days. 8.42% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Capstone Asset Management Co. acquired a new stake in Healthways during the first quarter valued at $216,000. Louisiana State Employees Retirement System acquired a new stake in Healthways during the first quarter valued at $396,000. State of Alaska Department of Revenue acquired a new stake in Healthways during the first quarter valued at $107,000. Nationwide Fund Advisors acquired a new stake in Healthways during the first quarter valued at $8,461,000. Finally, Strs Ohio acquired a new stake in Healthways during the first quarter valued at $154,000.
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.
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