Tivity Health (NASDAQ:TVTY) Trading Up 22.9%

Tivity Health Inc (NASDAQ:TVTY)’s stock price was up 22.9% during mid-day trading on Wednesday . The stock traded as high as $6.28 and last traded at $7.02, approximately 181,538 shares changed hands during mid-day trading. A decline of 94% from the average daily volume of 3,161,660 shares. The stock had previously closed at $5.71.

Several research analysts recently issued reports on TVTY shares. Zacks Investment Research raised shares of Tivity Health from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. William Blair lowered shares of Tivity Health from an “outperform” rating to a “market perform” rating in a report on Thursday, February 20th. Oppenheimer started coverage on shares of Tivity Health in a report on Friday, February 14th. They set a “buy” rating and a $32.00 price objective for the company. ValuEngine lowered shares of Tivity Health from a “sell” rating to a “strong sell” rating in a report on Tuesday. Finally, Barrington Research reaffirmed a “buy” rating and set a $24.00 price objective on shares of Tivity Health in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $18.91.

The company has a market cap of $276.56 million, a price-to-earnings ratio of -1.16, a price-to-earnings-growth ratio of 0.46 and a beta of 1.56. The company’s fifty day moving average price is $12.91 and its two-hundred day moving average price is $17.90. The company has a quick ratio of 0.86, a current ratio of 1.11 and a debt-to-equity ratio of 4.62.

Tivity Health (NASDAQ:TVTY) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.15). The firm had revenue of $272.80 million for the quarter, compared to analyst estimates of $275.15 million. Tivity Health had a positive return on equity of 20.82% and a negative net margin of 25.36%. The business’s quarterly revenue was up 78.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 EPS. Research analysts forecast that Tivity Health Inc will post 1.25 earnings per share for the current year.

In related news, Director Kevin Wills purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $12.07 per share, with a total value of $241,400.00. Following the completion of the acquisition, the director now directly owns 53,143 shares in the company, valued at approximately $641,436.01. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lee Shapiro purchased 4,065 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of $12.00 per share, with a total value of $48,780.00. Following the acquisition, the director now owns 40,304 shares of the company’s stock, valued at $483,648. The disclosure for this purchase can be found here. In the last three months, insiders purchased 26,565 shares of company stock valued at $319,255. 1.64% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. C M Bidwell & Associates Ltd. acquired a new stake in shares of Tivity Health in the fourth quarter valued at approximately $29,000. Tower Research Capital LLC TRC increased its holdings in shares of Tivity Health by 349.7% in the third quarter. Tower Research Capital LLC TRC now owns 2,788 shares of the company’s stock valued at $46,000 after purchasing an additional 2,168 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Tivity Health by 35.1% in the third quarter. Public Employees Retirement System of Ohio now owns 3,255 shares of the company’s stock valued at $54,000 after purchasing an additional 846 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Tivity Health in the fourth quarter valued at approximately $98,000. Finally, Synovus Financial Corp increased its holdings in shares of Tivity Health by 5.7% in the fourth quarter. Synovus Financial Corp now owns 12,782 shares of the company’s stock valued at $260,000 after purchasing an additional 690 shares in the last quarter.

About Tivity Health (NASDAQ:TVTY)

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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