Tivity Health (NASDAQ:TVTY) Lowered to “Neutral” at Cantor Fitzgerald

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Cantor Fitzgerald cut shares of Tivity Health (NASDAQ:TVTY) from an overweight rating to a neutral rating in a report issued on Thursday morning, Benzinga reports. Cantor Fitzgerald currently has $17.00 price target on the stock, down from their previous price target of $40.00.

Several other brokerages also recently issued reports on TVTY. Piper Sandler downgraded shares of Tivity Health from an overweight rating to a neutral rating and set a $25.00 price objective on the stock. in a research note on Monday, January 27th. BidaskClub downgraded shares of Tivity Health from a buy rating to a hold rating in a research note on Tuesday, February 4th. Barrington Research restated a buy rating and issued a $38.00 price objective on shares of Tivity Health in a research note on Monday, December 23rd. Zacks Investment Research downgraded shares of Tivity Health from a hold rating to a strong sell rating in a research note on Tuesday, December 24th. Finally, SunTrust Banks downgraded shares of Tivity Health from a buy rating to a hold rating and set a $15.00 price objective on the stock. in a research note on Thursday. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $21.18.

Shares of NASDAQ:TVTY traded down $0.50 during trading on Thursday, reaching $12.00. The stock had a trading volume of 6,566,880 shares, compared to its average volume of 1,273,134. Tivity Health has a 52 week low of $11.68 and a 52 week high of $26.07. The firm has a market capitalization 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. 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 stock has a fifty day simple moving average of $22.75 and a two-hundred day simple moving average of $19.48.

Tivity Health (NASDAQ:TVTY) last announced its quarterly earnings data 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 during 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 company’s revenue was up 78.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 EPS. On average, analysts forecast that Tivity Health will post 2.13 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Thompson Investment Management Inc. boosted its stake in Tivity Health by 30.2% during the third quarter. Thompson Investment Management Inc. now owns 41,490 shares of the company’s stock worth $690,000 after buying an additional 9,615 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Tivity Health by 91.2% during the third quarter. Parametric Portfolio Associates LLC now owns 783,794 shares of the company’s stock worth $13,035,000 after buying an additional 373,782 shares in the last quarter. Bridge City Capital LLC boosted its stake in Tivity Health by 27.6% during the third quarter. Bridge City Capital LLC now owns 72,671 shares of the company’s stock worth $1,209,000 after buying an additional 15,709 shares in the last quarter. Royal Bank of Canada boosted its stake in Tivity Health by 420.7% during the second quarter. Royal Bank of Canada now owns 21,123 shares of the company’s stock worth $348,000 after buying an additional 17,066 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Tivity Health by 349.7% during the third quarter. Tower Research Capital LLC TRC now owns 2,788 shares of the company’s stock worth $46,000 after buying an additional 2,168 shares in 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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Analyst Recommendations for Tivity Health (NASDAQ:TVTY)

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