Tivity Health (NASDAQ:TVTY) Price Target Lowered to at Piper Sandler

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Tivity Health (NASDAQ:TVTY) had its price target decreased by Piper Sandler from to in a report released on Thursday, The Fly reports. Piper Sandler also issued estimates for Tivity Health’s Q1 2021 earnings at $0.23 EPS, Q3 2021 earnings at $0.59 EPS, Q4 2021 earnings at $0.63 EPS and FY2021 earnings at $2.21 EPS.

A number of other equities research analysts also recently weighed in on the company. Oppenheimer initiated coverage on Tivity Health in a report on Friday, February 14th. They issued a buy rating and a $32.00 target price for the company. Barrington Research reiterated a buy rating and issued a $24.00 target price on shares of Tivity Health in a report on Thursday. BidaskClub downgraded Tivity Health from a buy rating to a hold rating in a report on Tuesday, February 4th. Zacks Investment Research downgraded Tivity Health from a hold rating to a strong sell rating in a report on Tuesday, December 24th. Finally, Cantor Fitzgerald downgraded Tivity Health from an overweight rating to a neutral rating and lowered their target price for the stock from $40.00 to $17.00 in a report on Thursday. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $21.18.

Shares of TVTY traded down $0.50 during mid-day trading on Thursday, reaching $12.00. 6,566,880 shares of the company were exchanged, 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 company has a debt-to-equity ratio of 1.96, a quick ratio of 0.78 and a current ratio of 0.94. The stock has a market capitalization of $1.10 billion, a PE ratio of -2.02, a PEG ratio of 1.04 and a beta of 1.19. The business has a 50 day simple moving average of $22.75 and a two-hundred day simple moving average of $19.48.

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

A number of institutional investors have recently made changes to their positions in the business. Synovus Financial Corp grew its stake in Tivity Health by 5.7% in the fourth quarter. Synovus Financial Corp now owns 12,782 shares of the company’s stock valued at $260,000 after acquiring an additional 690 shares during the period. Bank of Montreal Can grew its stake in Tivity Health by 3.4% in the fourth quarter. Bank of Montreal Can now owns 21,643 shares of the company’s stock valued at $441,000 after acquiring an additional 709 shares during the period. Public Employees Retirement System of Ohio grew 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 acquiring an additional 846 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in Tivity Health in the fourth quarter valued at approximately $29,000. Finally, Rhumbline Advisers grew its stake in Tivity Health by 1.0% in the third quarter. Rhumbline Advisers now owns 147,641 shares of the company’s stock valued at $2,455,000 after acquiring an additional 1,454 shares during the period.

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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The Fly

Analyst Recommendations for Tivity Health (NASDAQ:TVTY)

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