Tivity Health (NASDAQ:TVTY) Downgraded to Hold at SunTrust Banks

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SunTrust Banks lowered shares of Tivity Health (NASDAQ:TVTY) from a buy rating to a hold rating in a report issued on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has $15.00 price target on the stock. SunTrust Banks also issued estimates for Tivity Health’s Q4 2020 earnings at $0.41 EPS.

TVTY has been the topic of several other research reports. Credit Suisse Group initiated coverage on shares of Tivity Health in a report on Friday, January 3rd. They issued a neutral rating and a $22.00 price target on the stock. BidaskClub downgraded shares of Tivity Health from a buy rating to a hold rating in a report on Tuesday, February 4th. ValuEngine downgraded shares of Tivity Health from a sell rating to a strong sell rating in a report on Wednesday, February 12th. Zacks Investment Research lowered shares of Tivity Health from a hold rating to a strong sell rating in a research report on Tuesday, December 24th. Finally, Oppenheimer initiated coverage on shares of Tivity Health in a research report on Friday, February 14th. They issued a buy rating and a $32.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Tivity Health currently has a consensus rating of Hold and an average target price of $21.18.

Shares of NASDAQ TVTY traded down $0.50 on Thursday, hitting $12.00. The company’s stock had a trading volume of 6,566,880 shares, compared to its average volume of 1,273,134. Tivity Health has a 12-month low of $11.68 and a 12-month high of $26.07. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -2.02, a price-to-earnings-growth ratio of 1.04 and a beta of 1.19. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.78. The stock has a 50 day moving average of $22.75 and a 200-day moving average of $19.48.

Tivity Health (NASDAQ:TVTY) last announced its quarterly 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). Tivity Health had a negative net margin of 25.36% and a positive return on equity of 17.84%. The business had revenue of $272.80 million during the quarter, compared to analysts’ expectations of $275.15 million. During the same period last year, the company earned $0.73 EPS. The firm’s revenue for the quarter was up 78.3% on a year-over-year basis. Sell-side analysts expect that Tivity Health will post 2.13 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Franklin Resources Inc. raised its position in shares of Tivity Health by 4.1% in the fourth quarter. Franklin Resources Inc. now owns 1,899,474 shares of the company’s stock valued at $38,645,000 after buying an additional 75,372 shares during the last quarter. State Street Corp raised its position in shares of Tivity Health by 4.5% in the fourth quarter. State Street Corp now owns 1,597,092 shares of the company’s stock valued at $32,493,000 after buying an additional 68,415 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Tivity Health by 10.0% in the fourth quarter. Handelsbanken Fonder AB now owns 880,000 shares of the company’s stock valued at $17,904,000 after buying an additional 80,000 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Tivity Health by 91.2% in the third quarter. Parametric Portfolio Associates LLC now owns 783,794 shares of the company’s stock valued at $13,035,000 after buying an additional 373,782 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Tivity Health by 16.0% in the third quarter. Voya Investment Management LLC now owns 676,577 shares of the company’s stock valued at $11,252,000 after buying an additional 93,420 shares during the last quarter.

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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