Rosenblatt Securities Reiterates Buy Rating for USA Today (NYSE:TDAY)

USA Today (NYSE:TDAY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Rosenblatt Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $10.00 target price on the stock. Rosenblatt Securities’ price objective suggests a potential upside of 23.61% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Weiss Ratings lowered shares of USA Today from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded shares of USA Today from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Citizens Jmp boosted their target price on USA Today from $6.00 to $8.00 and gave the stock a “market outperform” rating in a report on Friday, February 27th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.70.

USA Today Price Performance

USA Today stock traded up $0.14 during mid-day trading on Thursday, hitting $8.09. 167,499 shares of the company were exchanged, compared to its average volume of 1,717,960. The company has a market capitalization of $1.19 billion, a PE ratio of 134.86 and a beta of 1.42. The business has a fifty day moving average of $7.31 and a 200 day moving average of $6.08. USA Today has a 1-year low of $3.15 and a 1-year high of $8.19. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 6.33.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Two Seas Capital LP bought a new position in USA Today in the fourth quarter valued at about $74,946,000. Alta Fundamental Advisers LLC acquired a new position in USA Today during the 4th quarter valued at about $58,346,000. Goldman Sachs Group Inc. acquired a new position in USA Today during the 4th quarter valued at about $28,383,000. SG Americas Securities LLC bought a new position in shares of USA Today in the 1st quarter valued at about $35,972,000. Finally, Whitefort Capital Management LP bought a new position in shares of USA Today in the 4th quarter valued at about $24,590,000. 76.71% of the stock is currently owned by institutional investors.

About USA Today

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.