USA Today (NYSE:TDAY) Stock Passes Above Fifty Day Moving Average – Should You Sell?

USA Today Co. (NYSE:TDAY)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.00 and traded as high as $7.63. USA Today shares last traded at $7.60, with a volume of 918,944 shares trading hands.

Wall Street Analyst Weigh In

TDAY has been the subject of several analyst reports. Rosenblatt Securities initiated coverage on USA Today in a report on Thursday, February 12th. They issued a “buy” rating and a $10.00 target price for the company. Citizens Jmp upped their target price on USA Today from $6.00 to $8.00 and gave the company a “market outperform” rating in a report on Friday, February 27th. Citigroup restated a “neutral” rating on shares of USA Today in a report on Monday, February 2nd. Weiss Ratings cut USA Today from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen upgraded USA Today from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.70.

USA Today Stock Up 2.8%

The business has a fifty day moving average of $7.00 and a 200 day moving average of $5.85. The company has a market capitalization of $1.11 billion, a PE ratio of 126.69 and a beta of 1.42. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 6.33.

USA Today (NYSE:TDAY) last announced its earnings results on Thursday, February 26th. The company reported ($0.21) EPS for the quarter. USA Today had a net margin of 1.27% and a return on equity of 21.75%. The firm had revenue of $585.00 million for the quarter.

Hedge Funds Weigh In On USA Today

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Two Seas Capital LP acquired a new position in USA Today during the fourth quarter worth approximately $74,946,000. Alta Fundamental Advisers LLC acquired a new position in USA Today during the fourth quarter worth approximately $58,346,000. Vanguard Group Inc. increased its position in USA Today by 2.0% during the third quarter. Vanguard Group Inc. now owns 8,536,026 shares of the company’s stock worth $35,254,000 after buying an additional 164,690 shares during the period. SG Americas Securities LLC increased its position in USA Today by 172.6% during the fourth quarter. SG Americas Securities LLC now owns 5,898,579 shares of the company’s stock worth $26,839,000 after buying an additional 3,735,152 shares during the period. Finally, Cooperman Leon G increased its position in USA Today by 0.4% during the third quarter. Cooperman Leon G now owns 5,867,209 shares of the company’s stock worth $24,232,000 after buying an additional 23,151 shares during the period. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

USA Today Company Profile

Gannett Co, Inc (NYSE: GCI) is a media and marketing solutions company headquartered in McLean, Virginia. As the largest U.S. newspaper publisher by circulation, Gannett publishes USA Today alongside more than 260 local news brands. The company’s multimedia platforms include daily and weekly newspapers, websites, mobile apps and a network of subscription-based digital products.

In addition to journalism and content production, Gannett offers a suite of digital marketing services designed to help small and medium-sized businesses grow online.