Healthways, Inc. (NASDAQ:TVTY) Receives $34.94 Consensus Price Target from Analysts
Healthways, Inc. (NASDAQ:TVTY) has been assigned an average recommendation of “Buy” from the twelve brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $34.94.
Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Healthways from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $41.00 target price (up previously from $32.00) on shares of Healthways in a research report on Monday, May 1st. Jefferies Group LLC reissued a “buy” rating and issued a $36.00 target price (up previously from $33.00) on shares of Healthways in a research report on Saturday, April 29th. Cantor Fitzgerald reissued a “buy” rating and issued a $34.00 target price on shares of Healthways in a research report on Friday, April 28th. Finally, ValuEngine raised Healthways from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
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Shares of Healthways (NASDAQ:TVTY) traded up 0.97% during midday trading on Friday, reaching $39.15. The company’s stock had a trading volume of 91,203 shares. The company has a market capitalization of $1.54 billion, a P/E ratio of 17.64 and a beta of 0.37. The company’s 50-day moving average price is $39.24 and its 200 day moving average price is $31.87. Healthways has a 12-month low of $17.12 and a 12-month high of $41.55.
Healthways (NASDAQ:TVTY) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. Healthways had a return on equity of 29.81% and a net margin of 17.30%. The business had revenue of $138.90 million during the quarter, compared to analysts’ expectations of $138.15 million. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities research analysts forecast that Healthways will post $1.52 earnings per share for the current year.
In related news, Director Conan Laughlin sold 1,750,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $37.90, for a total transaction of $66,325,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.42% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. purchased a new stake in shares of Healthways during the first quarter valued at $135,544,000. BlackRock Inc. purchased a new stake in shares of Healthways during the first quarter valued at $123,015,000. Wells Fargo & Company MN purchased a new stake in shares of Healthways during the first quarter valued at $98,404,000. North Tide Capital LLC purchased a new stake in shares of Healthways during the first quarter valued at $72,750,000. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Healthways during the first quarter valued at $70,660,000.
Healthways Company Profile
Tivity Health, Inc, formerly Healthways, Inc, is focused targeted population health for those aged 50 and older. The Company offers three programs: SilverSneakers senior fitness, Prime fitness and WholeHealth Living. The SilverSneakers senior fitness program is offered to members of Medicare Advantage, Medicare Supplement, and Group Retiree plans.
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