Healthways, Inc. (TVTY) PT Raised to $44.00 at Barrington Research
Healthways, Inc. (NASDAQ:TVTY) had its price target increased by Barrington Research from $35.00 to $44.00 in a report released on Friday, Marketbeat.com reports. They currently have an outperform rating on the stock.
A number of other analysts have also weighed in on the stock. UBS AG increased their target price on shares of Healthways from $37.00 to $43.00 and gave the stock a buy rating in a report on Friday, June 23rd. Jefferies Group LLC reiterated a buy rating and set a $36.00 target price on shares of Healthways in a report on Friday, June 16th. Cantor Fitzgerald increased their target price on shares of Healthways from $34.00 to $42.00 and gave the stock an overweight rating in a report on Friday, June 9th. BidaskClub upgraded shares of Healthways from a buy rating to a strong-buy rating in a report on Friday, June 9th. Finally, ValuEngine upgraded shares of Healthways from a hold rating to a buy rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $35.25.
Healthways (NASDAQ TVTY) opened at 39.65 on Friday. The stock has a 50 day moving average price of $39.21 and a 200-day moving average price of $31.76. The firm’s market capitalization is $1.56 billion. Healthways has a 52 week low of $15.56 and a 52 week high of $41.55.
Healthways (NASDAQ:TVTY) last posted its earnings results on Thursday, July 27th. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. The company had revenue of $138.90 million during 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 quarterly revenue was up 11.1% on a year-over-year basis. Analysts anticipate that Healthways will post $1.55 EPS for the current fiscal year.
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In other Healthways news, Director Mary Jane England sold 1,763 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $31.95, for a total value of $56,327.85. Following the completion of the sale, the director now directly owns 19,453 shares in the company, valued at $621,523.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.42% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. bought a new stake in shares of Healthways during the first quarter valued at approximately $135,544,000. BlackRock Inc. bought a new stake in shares of Healthways during the first quarter valued at approximately $123,015,000. Wells Fargo & Company MN bought a new stake in shares of Healthways during the first quarter valued at approximately $98,404,000. North Tide Capital LLC bought a new stake in shares of Healthways during the first quarter valued at approximately $72,750,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Healthways during the first quarter valued at approximately $70,660,000.
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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