USA Today (NYSE:TDAY) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

by · The Cerbat Gem

Shares of USA Today Co. (NYSE:TDAY – Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.00 and traded as high as $7.63. USA Today shares last traded at $7.60, with a volume of 918,944 shares trading hands.

Analysts Set New Price Targets

Several analysts have weighed in on TDAY shares. Rosenblatt Securities started coverage on shares of USA Today in a research note on Thursday, February 12th. They set a “buy” rating and a $10.00 target price for the company. Wall Street Zen upgraded shares of USA Today from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Citizens Jmp boosted their target price on shares of USA Today from $6.00 to $8.00 and gave the company a “market outperform” rating in a research note on Friday, February 27th. Weiss Ratings lowered shares of USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Finally, Citigroup restated a “neutral” rating on shares of USA Today in a research note on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $7.70.

Check Out Our Latest Stock Report on TDAY

USA Today Stock Down 0.7%

The firm’s 50-day moving average price is $7.04 and its 200 day moving average price is $5.89. The firm has a market cap of $1.09 billion, a P/E ratio of 124.35 and a beta of 1.42. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 6.33.

USA Today (NYSE:TDAY – Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.21) EPS for the quarter. The firm had revenue of $585.00 million for the quarter. USA Today had a return on equity of 21.75% and a net margin of 1.27%.

Hedge Funds Weigh In On USA Today

Several institutional investors have recently modified their holdings of the company. Abel Hall LLC grew its position in shares of USA Today by 12.9% during the first quarter. Abel Hall LLC now owns 14,516 shares of the company’s stock worth $102,000 after acquiring an additional 1,660 shares during the last quarter. PFG Investments LLC grew its position in shares of USA Today by 3.2% during the first quarter. PFG Investments LLC now owns 54,243 shares of the company’s stock worth $382,000 after acquiring an additional 1,700 shares during the last quarter. First Trust Advisors LP grew its position in shares of USA Today by 0.6% during the first quarter. First Trust Advisors LP now owns 396,086 shares of the company’s stock worth $2,792,000 after acquiring an additional 2,287 shares during the last quarter. Arizona State Retirement System grew its position in shares of USA Today by 6.3% during the third quarter. Arizona State Retirement System now owns 41,165 shares of the company’s stock worth $170,000 after acquiring an additional 2,457 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of USA Today by 2.4% during the second quarter. Legal & General Group Plc now owns 137,622 shares of the company’s stock worth $493,000 after acquiring an additional 3,193 shares during the last quarter. Institutional investors own 76.71% of the company’s stock.

USA Today Company Profile

(Get Free Report)

Gannett Co, Inc (NYSE: GCI) is a media and marketing solutions company headquartered in McLean, Virginia. As the largest U.S. newspaper publisher by circulation, Gannett publishes USA Today alongside more than 260 local news brands. The company’s multimedia platforms include daily and weekly newspapers, websites, mobile apps and a network of subscription-based digital products.

In addition to journalism and content production, Gannett offers a suite of digital marketing services designed to help small and medium-sized businesses grow online.

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