USA Today Co. (NYSE:TDAY – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $7.04, but opened at $6.71. USA Today shares last traded at $7.03, with a volume of 525,784 shares.
Analysts Set New Price Targets
Several research analysts have issued reports on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of USA Today in a research report on Monday, August 3rd. Citizens Jmp raised their price objective on USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 14th. Citigroup restated an “outperform” rating on shares of USA Today in a report on Tuesday, July 14th. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 target price on shares of USA Today in a research report on Friday, August 7th. Finally, New Street Research set a $8.05 target price on USA Today in a research report on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $9.03.
Get Our Latest Stock Report on TDAY
USA Today Stock Performance
USA Today (NYSE:TDAY – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.07 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 $536.34 million during the quarter.
Institutional Trading of USA Today
Several hedge funds and other institutional investors have recently modified their holdings of TDAY. AQR Capital Management LLC grew its holdings in shares of USA Today by 47.6% during the first quarter. AQR Capital Management LLC now owns 566,994 shares of the company’s stock valued at $1,639,000 after buying an additional 182,824 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in USA Today by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,362 shares of the company’s stock worth $244,000 after acquiring an additional 3,588 shares in the last quarter. Empowered Funds LLC boosted its position in USA Today by 2.0% during the 1st quarter. Empowered Funds LLC now owns 951,925 shares of the company’s stock worth $2,751,000 after acquiring an additional 18,933 shares during the period. Strs Ohio acquired a new stake in USA Today during the 1st quarter worth about $187,000. Finally, Creative Planning grew its stake in USA Today by 110.9% during the 2nd quarter. Creative Planning now owns 79,251 shares of the company’s stock valued at $284,000 after acquiring an additional 41,674 shares in the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.
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.
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