Healthways, Inc. (NASDAQ:TVTY) has been given a $50.00 price objective by SunTrust Banks, Inc. in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. SunTrust Banks, Inc.’s price objective would indicate a potential upside of 8.58% from the stock’s current price. SunTrust Banks also issued estimates for Healthways’ Q4 2017 earnings at $0.34 EPS, FY2017 earnings at $1.62 EPS, Q1 2018 earnings at $0.41 EPS, Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.44 EPS, FY2018 earnings at $1.74 EPS, Q1 2019 earnings at $0.48 EPS, Q2 2019 earnings at $0.50 EPS, Q3 2019 earnings at $0.50 EPS and FY2019 earnings at $1.96 EPS.
TVTY has been the subject of several other research reports. Chardan Capital began coverage on shares of Healthways in a research note on Tuesday, August 29th. They issued a “neutral” rating and a $40.00 price objective for the company. Zacks Investment Research upgraded shares of Healthways from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating and issued a $46.00 price objective on shares of Healthways in a research note on Monday, September 25th. Barrington Research upped their price objective on shares of Healthways from $35.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, ValuEngine upgraded shares of Healthways from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $44.29.
Shares of Healthways (NASDAQ TVTY) traded up 16.58% during mid-day trading on Friday, reaching $46.05. The company’s stock had a trading volume of 1,605,639 shares. The stock has a 50 day moving average of $40.06 and a 200-day moving average of $37.02. Healthways has a one year low of $19.25 and a one year high of $47.20. The stock has a market cap of $1.81 billion, a P/E ratio of 20.74 and a beta of 0.38.
Healthways (NASDAQ:TVTY) last posted its earnings results on Thursday, October 26th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.36 by $0.10. Healthways had a return on equity of 32.02% and a net margin of 11.45%. The firm had revenue of $137.70 million for the quarter, compared to analyst estimates of $137.95 million. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities research analysts expect that Healthways will post $1.53 EPS for the current fiscal year.
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In other Healthways news, Director Conan Laughlin sold 1,750,000 shares of Healthways stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $37.90, for a total value of $66,325,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Glenn Hargreaves sold 7,137 shares of Healthways stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $40.00, for a total transaction of $285,480.00. Following the completion of the transaction, the insider now owns 52,180 shares in the company, valued at approximately $2,087,200. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,824,858 shares of company stock worth $69,172,017. 8.42% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. Flinton Capital Management LLC lifted its holdings in shares of Healthways by 63.5% during the 2nd quarter. Flinton Capital Management LLC now owns 3,502 shares of the company’s stock valued at $139,000 after acquiring an additional 1,360 shares in the last quarter. Riverhead Capital Management LLC increased its stake in Healthways by 69.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,564 shares of the company’s stock worth $142,000 after buying an additional 1,464 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Healthways during the 3rd quarter worth $279,000. Piedmont Investment Advisors LLC purchased a new stake in Healthways during the 2nd quarter worth $290,000. Finally, Karp Capital Management Corp purchased a new stake in Healthways during the 1st quarter worth $225,000.
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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