Healthways Inc. (NASDAQ:HWAY) shares shot up 3% on Wednesday . The stock traded as high as $24.96 and last traded at $24.30, with a volume of 836,645 shares trading hands. The stock had previously closed at $23.59.

Several research firms recently weighed in on HWAY. Jefferies Group upped their price target on Healthways from $18.50 to $26.00 and gave the company a “hold” rating in a research report on Thursday. Oppenheimer Holdings Inc. raised Healthways to an “outperform” rating and set a $27.00 price target on the stock in a research report on Sunday, August 14th. Piper Jaffray Cos. upped their price target on Healthways from $15.00 to $25.50 and gave the company an “overweight” rating in a research report on Wednesday, August 10th. FBR & Co upped their price target on Healthways from $16.00 to $21.00 and gave the company an “outperform” rating in a research report on Wednesday, August 10th. Finally, Zacks Investment Research raised Healthways from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $20.79.

The company’s market capitalization is $934.98 million. The stock has a 50 day moving average of $15.54 and a 200-day moving average of $12.39.

Healthways (NASDAQ:HWAY) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.53. The company earned $125 million during the quarter, compared to the consensus estimate of $186.88 million. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 earnings per share. Analysts expect that Healthways Inc. will post $2.13 earnings per share for the current year.

A hedge fund recently raised its stake in Healthways stock. BNP Paribas Arbitrage SA increased its stake in Healthways Inc. (NASDAQ:HWAY) by 37.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,127 shares of the company’s stock after buying an additional 21,702 shares during the period. BNP Paribas Arbitrage SA owned 0.22% of Healthways worth $1,031,000 as of its most recent filing with the SEC.

Healthways, Inc (Healthways) provides network delivered solutions and population health management services that are designed to help people manage their wellbeing, thereby managing their health and productivity, and their health-related costs. The Company operates in the domestic and international segments, which are collectively known as the well-being improvement services segment.

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