Tivity Health (NASDAQ:TVTY) Downgraded by William Blair to “Market Perform”

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William Blair cut shares of Tivity Health (NASDAQ:TVTY) from an outperform rating to a market perform rating in a research note issued to investors on Thursday, Briefing.com Automated Import reports.

Several other research firms have also issued reports on TVTY. BidaskClub lowered Tivity Health from a buy rating to a hold rating in a report on Tuesday, February 4th. Oppenheimer started coverage on Tivity Health in a report on Friday, February 14th. They set a buy rating and a $32.00 target price on the stock. Credit Suisse Group started coverage on Tivity Health in a research note on Friday, January 3rd. They issued a neutral rating and a $22.00 price objective on the stock. ValuEngine lowered Tivity Health from a sell rating to a strong sell rating in a research note on Wednesday, February 12th. Finally, Zacks Investment Research lowered Tivity Health from a hold rating to a strong sell rating in a research note on Tuesday, December 24th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $21.18.

Shares of TVTY traded down $0.50 during trading hours on Thursday, hitting $12.00. 6,566,880 shares of the company were exchanged, compared to its average volume of 1,273,134. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -2.02, a P/E/G ratio of 1.04 and a beta of 1.19. Tivity Health has a fifty-two week low of $11.68 and a fifty-two week high of $26.07. The company has a quick ratio of 0.78, a current ratio of 0.94 and a debt-to-equity ratio of 1.96. The firm’s fifty day moving average is $22.75 and its 200 day moving average is $19.48.

Tivity Health (NASDAQ:TVTY) last released its earnings results on Wednesday, February 19th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.15). The company had revenue of $272.80 million for the quarter, compared to analyst estimates of $275.15 million. Tivity Health had a positive return on equity of 17.84% and a negative net margin of 25.36%. The business’s revenue for the quarter was up 78.3% compared to the same quarter last year. During the same period last year, the company posted $0.73 earnings per share. Analysts anticipate that Tivity Health will post 2.13 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. C M Bidwell & Associates Ltd. acquired a new stake in Tivity Health in the fourth quarter valued at about $29,000. Tower Research Capital LLC TRC boosted its stake in Tivity Health by 349.7% in the third quarter. Tower Research Capital LLC TRC now owns 2,788 shares of the company’s stock valued at $46,000 after buying an additional 2,168 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Tivity Health by 35.1% in the third quarter. Public Employees Retirement System of Ohio now owns 3,255 shares of the company’s stock valued at $54,000 after buying an additional 846 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Tivity Health in the fourth quarter valued at about $98,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Tivity Health in the third quarter valued at about $100,000.

About Tivity Health

Tivity Health, Inc provides fitness and health improvement programs in the United States. The company offers SilverSneakers senior fitness program to the members of Medicare advantage, Medicare supplement; and Prime fitness, a fitness facility access program through commercial health plans and employers.

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Analyst Recommendations for Tivity Health (NASDAQ:TVTY)

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