USA Today (NYSE:TDAY) Trading Down 11.8% – What’s Next?

USA Today Co. (NYSE:TDAY)’s share price was down 11.8% during trading on Thursday . The stock traded as low as $7.18 and last traded at $7.64. 3,008,765 shares changed hands during trading, an increase of 77% from the average session volume of 1,696,167 shares. The stock had previously closed at $8.66.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TDAY. New Street Research set a $8.05 price target on USA Today in a report on Friday, June 5th. Wall Street Zen lowered shares of USA Today from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of USA Today in a research report on Monday. Citigroup restated an “outperform” rating on shares of USA Today in a research note on Tuesday, July 14th. Finally, Citizens Jmp increased their price target on USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, USA Today currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.03.

USA Today Stock Performance

The company’s 50-day simple moving average is $8.31 and its 200 day simple moving average is $7.26. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 5.74. The stock has a market cap of $1.05 billion, a P/E ratio of -23.97 and a beta of 1.40.

Institutional Trading of USA Today

A number of large investors have recently added to or reduced their stakes in TDAY. KBC Group NV bought a new position in shares of USA Today during the 1st quarter valued at approximately $31,000. Public Employees Retirement System of Ohio bought a new position in USA Today during the fourth quarter valued at $45,000. Public Employees Retirement Association of Colorado bought a new position in shares of USA Today during the 4th quarter worth $53,000. Cruiser Capital Advisors LLC bought a new position in shares of USA Today during the 4th quarter worth $57,000. Finally, Neuberger Berman Group LLC purchased a new stake in USA Today in the 4th quarter worth about $57,000. Hedge funds and other institutional investors own 76.71% of the company’s stock.

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.