Healthways, Inc. (TVTY) Receives $40.14 Consensus PT from Analysts
Healthways, Inc. (NASDAQ:TVTY) has received an average recommendation of “Buy” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $40.14.
A number of brokerages have recently issued reports on TVTY. Chardan Capital began coverage on shares of Healthways in a research report on Tuesday. They set a “neutral” rating and a $40.00 target price on the stock. ValuEngine upgraded shares of Healthways from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered shares of Healthways from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Jefferies Group LLC restated a “buy” rating and set a $36.00 target price on shares of Healthways in a research report on Friday, June 16th. Finally, Cantor Fitzgerald raised their target price on shares of Healthways from $34.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, June 9th.
Shares of Healthways (TVTY) traded down 1.53% during mid-day trading on Tuesday, reaching $38.60. 214,407 shares of the company’s stock traded hands. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 17.39 and a beta of 0.37. The firm’s 50-day moving average is $38.50 and its 200 day moving average is $33.74. Healthways has a one year low of $19.25 and a one year high of $41.55.
Healthways (NASDAQ:TVTY) last announced its earnings results on Thursday, July 27th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $138.90 million for the quarter, compared to analyst estimates of $138.15 million. Healthways had a net margin of 17.30% and a return on equity of 29.81%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Analysts predict that Healthways will post $1.53 earnings per share for the current year.
In other Healthways news, insider Mary Flipse sold 1,340 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was 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 owns 75,187 shares of the company’s stock, valued at $2,805,978.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Conan Laughlin sold 1,750,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $37.90, for a total value of $66,325,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,809,913 shares of company stock valued at $68,582,025. Corporate insiders own 8.42% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC increased its stake in Healthways by 158.7% in the second quarter. Lord Abbett & CO. LLC now owns 745,372 shares of the company’s stock worth $29,704,000 after buying an additional 457,285 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in Healthways during the second quarter worth approximately $290,000. Flinton Capital Management LLC increased its stake in Healthways by 63.5% in the second quarter. Flinton Capital Management LLC now owns 3,502 shares of the company’s stock worth $139,000 after buying an additional 1,360 shares during the period. Riverhead Capital Management LLC increased its stake in Healthways by 69.7% in the second quarter. Riverhead Capital Management LLC now owns 3,564 shares of the company’s stock worth $142,000 after buying an additional 1,464 shares during the period. Finally, Eaton Vance Management acquired a new stake in Healthways during the second quarter worth approximately $625,000.
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Healthways Company Profile
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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