USA Today (NYSE:TDAY) Stock Price Breaks Above Fifty Day Moving Average - Here's What Happened

Key Points

• USA Today shares rose 4.3%, trading as high as $6.87 and closing at $6.85—above the 50-day moving average of $6.59, but below the 200-day average of $7.07.
• Analyst opinions were mixed, but the stock carries a MarketBeat average rating of “Moderate Buy” and an average price target of $9.50. Citigroup upgraded the shares to Buy and raised its target to $8.95.
• In its latest reported quarter, USA Today posted earnings of $0.01 per share and revenue of $519.24 million; its net margin remained negative at 1.81%.

USA Today Co. (NYSE:TDAY - Get Free Report) passed 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 traded.

Analyst Ratings Changes

A number of research firms have recently issued reports on TDAY. Wall Street Zen lowered USA Today from a "buy" rating to a "hold" rating in a report on Monday, July 20th. Citigroup raised shares of USA Today from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $7.20 to $8.95 in a report on Friday. Weiss Ratings lowered shares of USA Today from a "sell (d+)" rating to a "sell (d)" rating in a research note on Wednesday, September 9th. Citizens Jmp lifted 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. Finally, Rosenblatt Securities boosted 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, USA Today currently has an average rating of "Moderate Buy" and an average target price of $9.50.

USA Today Stock Up 4.3%

The firm's 50-day simple moving average is $6.59 and its 200-day simple moving average is $7.07. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.78 and a current ratio of 0.81. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -114.15 and a beta of 1.52.

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

Hedge Funds Weigh In On USA Today

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its position in USA Today by 32.9% in the third quarter. State of Alaska Department of Revenue now owns 5,979 shares of the company's stock worth $37,000 after purchasing an additional 1,481 shares in the last quarter. Allworth Financial LP lifted its stake in USA Today by 71.2% during the third quarter. Allworth Financial LP now owns 3,930 shares of the company's stock worth $25,000 after purchasing an additional 1,635 shares during the period. First Trust Advisors LP boosted its holdings in USA Today by 0.6% during the first quarter. First Trust Advisors LP now owns 396,086 shares of the company's stock valued at $2,792,000 after purchasing an additional 2,287 shares in the last quarter. Corient Private Wealth LP boosted its holdings in USA Today by 23.3% during the second quarter. Corient Private Wealth LP now owns 14,798 shares of the company's stock valued at $127,000 after purchasing an additional 2,793 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of USA Today by 842.3% in the 3rd quarter. Sterling Capital Management LLC now owns 4,542 shares of the company's stock valued at $29,000 after purchasing an additional 4,060 shares during the period. 76.71% of the stock is currently owned by institutional investors.

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.

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