Healthways (HWAY) is Reiterated by FBR Capital to Outperform, Raises Price Target to $ 28

Healthways (HWAY) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 28 from a previous price target of $21 . FBR Capital advised their investors in a research report released on Aug 12, 2016.

Many Wall Street Analysts have commented on Healthways. Company shares were Reiterated by Piper Jaffray on Aug 10, 2016 to “Overweight”, Firm has raised the Price Target to $ 25.50 from a previous price target of $15 .Company shares were Reiterated by FBR Capital on Aug 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 21 from a previous price target of $16 .

On the company’s financial health, Healthways reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.53 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.01. The company had revenue of $125.00 million for the quarter, compared to analysts expectations of $190.21 million. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

Healthways opened for trading at $17.67 and hit $18 on the upside on Monday, eventually ending the session at $17.87, with a gain of 0.62% or 0.11 points. The heightened volatility saw the trading volume jump to 3,68,141 shares. Company has a market cap of $646 M.

In a different news, on Nov 4, 2015, Mary Jane England (director) purchased 4,401 shares at $11.38 per share price. According to the SEC, on Nov 4, 2015, Robert J Jr Greczyn (director) purchased 11,000 shares at $11.39 per share price. On Nov 4, 2015, Lee Shapiro (director) purchased 4,359 shares at $11.42 per share price, according to the Form-4 filing with the securities and exchange commission.

Healthways Inc. (Healthways) provides total population health management solutions designed to help people improve well-being thereby improving health and productivity and reducing health-related costs. The Company’s well-being improvement programs provide personalized solutions for any individual irrespective of the health status age or paying sponsor. Its population health platform using analytics and predictive models enables to stratify the population develop individualized well-being improvement plans and deliver action-based solutions to improve individual and organizational performance. Through this data-driven process the Company identifies the needs of each individual in a population and determines the right level of support. The Company’s services are delivered using venue-based face-to-face interactions; print; phone; mobile and remote devices; online including social networks and any combination of these methods to motivate and sustain healthy behaviors.


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