USA Today (NYSE:TDAY) Shares Break Above Fifty Day Moving Average – What’s Next?

USA Today Co. (NYSE:TDAY)’s share price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $6.59 and traded as high as $6.87. USA Today shares last traded at $6.85, with a volume of 4,069,600 shares.

Analysts Set New Price Targets

A number of research analysts have issued reports on TDAY shares. Wall Street Zen cut USA Today from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Citizens Jmp upped their target price on shares of USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 14th. Weiss Ratings cut shares of USA Today from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, September 9th. Rosenblatt Securities increased their target price on shares of USA Today from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Citigroup raised shares of USA Today from a “neutral” rating to a “buy” rating and lifted their price target for the company from $7.20 to $8.95 in a report on Friday. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

USA Today Stock Performance

The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -114.15 and a beta of 1.52. The company has a current ratio of 0.81, a quick ratio of 0.78 and a debt-to-equity ratio of 5.74. The firm has a fifty day simple moving average of $6.59 and a 200-day simple moving average of $7.07.

USA Today (NYSE:TDAY) last released its earnings results on Thursday, November 5th. The company reported $0.01 EPS for the quarter. The company had revenue of $519.24 million during the quarter. USA Today had a negative return on equity of 21.13% and a negative net margin of 1.81%.

Hedge Funds Weigh In On USA Today

Hedge funds have recently added to or reduced their stakes in the company. Two Seas Capital LP lifted its position in USA Today by 3.1% during the 3rd quarter. Two Seas Capital LP now owns 14,504,707 shares of the company’s stock valued at $91,235,000 after purchasing an additional 434,396 shares during the period. Whitefort Capital Management LP acquired a new stake in shares of USA Today during the 2nd quarter worth approximately $17,141,322. Bank of America Corp DE acquired a new stake in shares of USA Today during the 2nd quarter worth approximately $29,881,000. Miller Value Partners LLC acquired a new stake in shares of USA Today during the 2nd quarter worth approximately $11,979,000. Finally, Round Rock Advisors LLC bought a new stake in shares of USA Today during the second quarter worth approximately $2,131,000. Institutional investors own 76.71% of the company’s stock.

USA Today Company Profile

USA TODAY is a national news and media brand owned by Gannett Co, Inc It publishes news and analysis through its website, mobile applications and print newspaper, covering national and international events as well as politics, sports, business, entertainment, lifestyle and consumer topics.

Founded in 1982, USA TODAY was developed as a broadly accessible national newspaper and has expanded into a digital-first media operation. Its content is distributed through online articles, video, podcasts, newsletters and other digital formats, in addition to its print edition.

USA TODAY also operates within Gannett’s broader network of local newspapers and digital publications, serving readers across the United States.