After Craig-Hallum and Cantor Fitzgerald gave Tivity Health Inc (NASDAQ: TVTY) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Mohan Naidu maintained a Buy rating on Tivity Health Inc today and set a price target of $36. The company’s shares closed yesterday at $22.60.
Naidu observed:
“TVTY reported better than expected numbers in both Healthcare and Nutrition segments. Strong visit growth in the SilverSneakers program and lift in new subscribers in the Prime program lifted the healthcare segment revenues, offsetting UNH attrition. TV Media spend in the beginning of the year is producing strong results and we expect to see continued focus to drive SilverSneakers enrollment and utilization. Nutrisystem posted much better than expected results after the slow start to the year with 2H of the quarter seeing lift in activations due to the timed media spend. Positive results in the quarter, stabilizing Nutrisystem segment and increasing confidence in the cross-sell into health plans should improve investor sentiment. Increasing our target to $36. Reiterate Outperform.”
According to TipRanks.com, Naidu is a 5-star analyst with an average return of 10.1% and a 54.3% success rate. Naidu covers the Services sector, focusing on stocks such as Hms Holdings Corp, Evolent Health, and Premier Inc.
Tivity Health Inc has an analyst consensus of Strong Buy, with a price target consensus of $33.86, implying a 49.8% upside from current levels. In a report released yesterday, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $45 price target.
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The company has a one-year high of $41.46 and a one-year low of $16.25. Currently, Tivity Health Inc has an average volume of 1.24M.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TVTY in relation to earlier this year.
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Tivity Health, Inc. engages in the development and provision of network solutions and health management services. It offers rehabilitative therapy, chiropractic procedure, alternative medicines, and health and fitness programs under the SilverSneakers, Prime Fitness, and WholeHealth Living trademarks.
