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.

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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