Zacks Investment Research upgraded shares of Healthways, Inc. (NASDAQ:TVTY) from a hold rating to a buy rating in a report issued on Tuesday morning. Zacks Investment Research currently has $52.00 price target on the stock.

According to Zacks, “Tivity Health, Inc. provides health management services. The company offers services which include chiropractic services, physical therapy, occupational therapy, speech therapy, acupuncture, massage and complementary and alternative medicine services. Its network comprises SilverSneakers(R), Prime(R) Fitness and WholeHealth Living (TM). Tivity Health, Inc., formerly known as Healthways, Inc., is based in Franklin, Tennessee. “

TVTY has been the topic of several other research reports. Barrington Research raised their price objective on shares of Healthways from $35.00 to $44.00 and gave the stock an outperform rating in a research note on Friday, July 28th. Chardan Capital started coverage on shares of Healthways in a research note on Tuesday, August 29th. They issued a neutral rating and a $40.00 price objective on the stock. ValuEngine upgraded shares of Healthways from a hold rating to a buy rating in a research note on Friday, September 1st. Jefferies Group LLC restated a buy rating and issued a $46.00 price objective on shares of Healthways in a research note on Monday, September 25th. Finally, SunTrust Banks, Inc. restated a buy rating and issued a $46.00 price objective on shares of Healthways in a research note on Thursday, October 12th. Two investment 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 stock. The company has an average rating of Buy and an average price target of $46.38.

Healthways (NASDAQ:TVTY) traded up $2.40 during trading hours on Tuesday, hitting $48.05. 572,302 shares of the stock were exchanged, compared to its average volume of 391,922. The company has a market cap of $1,837.16, a P/E ratio of 28.32, a price-to-earnings-growth ratio of 2.64 and a beta of 0.27. The company has a quick ratio of 0.61, a current ratio of 0.60 and a debt-to-equity ratio of 0.02.

Healthways (NASDAQ:TVTY) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.10. Healthways had a net margin of 11.45% and a return on equity of 30.23%. The company had revenue of $137.70 million for the quarter, compared to analyst estimates of $137.95 million. The business’s quarterly revenue was up 10.2% on a year-over-year basis. analysts expect that Healthways will post 1.6 earnings per share for the current fiscal year.

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In other Healthways news, insider Glenn Hargreaves sold 7,137 shares of Healthways stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $40.00, for a total transaction of $285,480.00. Following the sale, the insider now owns 52,180 shares in the company, valued at $2,087,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mary Flipse sold 1,340 shares of Healthways stock in a transaction on Friday, August 11th. The stock was sold at an average price of $37.32, for a total transaction of $50,008.80. Following the sale, the insider now owns 75,187 shares in the company, valued at approximately $2,805,978.84. The disclosure for this sale can be found here. Insiders have sold 59,558 shares of company stock worth $2,307,123 in the last quarter. Corporate insiders own 8.42% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. United Services Automobile Association acquired a new stake in Healthways during the first quarter worth $377,000. Credit Suisse AG acquired a new stake in Healthways during the first quarter worth $1,395,000. California Public Employees Retirement System acquired a new stake in Healthways during the first quarter worth $247,000. Vanguard Group Inc. acquired a new stake in Healthways during the first quarter worth $135,544,000. Finally, Morgan Stanley acquired a new stake in Healthways during the first quarter worth $3,773,000.

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.

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Analyst Recommendations for Healthways (NASDAQ:TVTY)

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