Tivity Health (NASDAQ:TVTY) Lowered to “Hold” at Craig Hallum

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Craig Hallum downgraded shares of Tivity Health (NASDAQ:TVTY) from a buy rating to a hold rating in a research note released on Thursday, Benzinga reports. The brokerage currently has $18.00 price target on the stock.

Other equities research analysts have also issued reports about the stock. 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. SunTrust Banks lowered shares of Tivity Health from a buy rating to a hold rating and set a $15.00 price target on the stock. in a report on Thursday. Zacks Investment Research lowered shares of Tivity Health from a hold rating to a strong sell rating in a report on Tuesday, December 24th. Piper Sandler lowered shares of Tivity Health from an overweight rating to a neutral rating and set a $25.00 price target on the stock. in a report on Monday, January 27th. Finally, Jefferies Financial Group lowered shares of Tivity Health from a buy rating to a hold rating and set a $16.00 price target on the stock. in a report on Thursday. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Tivity Health currently has an average rating of Hold and an average target price of $21.18.

NASDAQ:TVTY traded down $0.50 during mid-day trading 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 1 year low of $11.68 and a 1 year high of $26.07. 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 market cap of $1.10 billion, a price-to-earnings ratio of -2.02, a PEG ratio of 1.04 and a beta of 1.19. The business’s fifty day moving average is $22.75 and its two-hundred day moving average is $19.48.

Tivity Health (NASDAQ:TVTY) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.40 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 in the previous year, the company posted $0.73 earnings per share. Tivity Health’s revenue for the quarter was up 78.3% compared to the same quarter last year. Analysts anticipate that Tivity Health will post 2.13 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of TVTY. Parametric Portfolio Associates LLC boosted its stake in shares of Tivity Health by 91.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 783,794 shares of the company’s stock worth $13,035,000 after acquiring an additional 373,782 shares in the last quarter. Phocas Financial Corp. purchased a new stake in shares of Tivity Health during the 3rd quarter worth about $3,703,000. Alliancebernstein L.P. boosted its stake in shares of Tivity Health by 196.6% during the 4th quarter. Alliancebernstein L.P. now owns 222,725 shares of the company’s stock worth $4,531,000 after acquiring an additional 147,630 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of Tivity Health during the 4th quarter worth about $2,277,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Tivity Health by 67.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 273,000 shares of the company’s stock worth $4,540,000 after acquiring an additional 110,259 shares in the last quarter.

Tivity Health Company Profile

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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