Cantor Fitzgerald restated their buy rating on shares of Tivity Health (NASDAQ:TVTY) in a research note released on Monday, AnalystRatings.com reports.
“. We reiterate our Overweight rating on TVTY shares and maintain our $40 price target. Last month, Tivity completed the acquisition of Nutrisystem, a leading provider of weight management products and services. While the acquisition has been met with investor skepticism, we believe the combination is logical and provides an attractive growth opportunity for TVTY. To better understand the value proposition of the merger, our note includes a detailed overview on the nutrition/weight management industry. Our findings support our view that the combined company should be able to generate significant revenue synergies.”,” Cantor Fitzgerald’s analyst commented.
Several other research analysts have also recently issued reports on TVTY. BidaskClub raised shares of Tivity Health from a sell rating to a hold rating in a report on Tuesday, April 9th. Zacks Investment Research raised shares of Tivity Health from a hold rating to a buy rating and set a $27.00 price target for the company in a report on Wednesday, December 26th. Craig Hallum began coverage on shares of Tivity Health in a report on Thursday, April 11th. They set a buy rating and a $30.00 price target for the company. Jefferies Financial Group cut their price target on shares of Tivity Health to $29.00 and set a buy rating for the company in a report on Wednesday, February 20th. Finally, Chardan Capital reissued a buy rating and set a $31.00 price target (down from $41.00) on shares of Tivity Health in a report on Friday, February 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $32.00.
NASDAQ TVTY opened at $20.42 on Monday. The stock has a market cap of $973.01 million, a P/E ratio of 8.73, a PEG ratio of 0.83 and a beta of 1.01. Tivity Health has a 52-week low of $16.25 and a 52-week high of $41.46. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.96 and a quick ratio of 0.96.
Tivity Health (NASDAQ:TVTY) last posted its quarterly earnings results on Tuesday, February 19th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.16. The firm had revenue of $153.04 million during the quarter, compared to analysts’ expectations of $153.66 million. Tivity Health had a net margin of 16.30% and a return on equity of 30.19%. As a group, sell-side analysts predict that Tivity Health will post 2.33 EPS for the current fiscal year.
In related news, Director Bradley S. Karro bought 2,900 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was bought at an average cost of $16.54 per share, with a total value of $47,966.00. Following the completion of the acquisition, the director now owns 24,696 shares in the company, valued at approximately $408,471.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sara Finley bought 2,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was bought at an average cost of $17.25 per share, with a total value of $34,500.00. The disclosure for this purchase can be found here. Company insiders own 1.64% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Piedmont Investment Advisors Inc. grew its position in shares of Tivity Health by 5.5% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 9,729 shares of the company’s stock valued at $241,000 after purchasing an additional 511 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Tivity Health by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 17,112 shares of the company’s stock valued at $425,000 after purchasing an additional 667 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Tivity Health by 5.7% in the fourth quarter. State of Alaska Department of Revenue now owns 13,691 shares of the company’s stock valued at $339,000 after purchasing an additional 737 shares during the last quarter. Advisor Group Inc. grew its position in shares of Tivity Health by 364.2% in the fourth quarter. Advisor Group Inc. now owns 1,142 shares of the company’s stock valued at $29,000 after purchasing an additional 896 shares during the last quarter. Finally, Enlightenment Research LLC acquired a new stake in shares of Tivity Health in the fourth quarter valued at approximately $37,000.
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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