Addus HomeCare Corporation’s Executive Vice President, Roberton James Stevenson, sold 567 shares of the company’s stock on February 24, 2024. The shares were sold at an average price of $107.35, resulting in a total transaction value of $60,867.45. Following this transaction, Stevenson holds 14,314 shares in Addus HomeCare, with a current valuation of approximately $1,536,607.90. This sale represents a 3.81% decrease in his ownership stake.
The transaction was reported in a filing with the Securities and Exchange Commission (SEC), which can be accessed through the SEC’s official website.
On the trading front, shares of Addus HomeCare opened at $103.29 on Friday, reflecting a decrease of 0.7%. Over the past year, the stock has fluctuated between a low of $88.96 and a high of $124.43. The company currently has a market capitalization of $1.91 billion and a price-to-earnings (P/E) ratio of 19.83.
Market Analysis and Investment Ratings
Several financial institutions have recently evaluated Addus HomeCare, contributing to a diverse range of investment ratings. On November 13, 2023, BMO Capital Markets initiated coverage with a “market perform” rating and a price target of $120.00. Meanwhile, Stephens revised its price target downward from $140.00 to $135.00, maintaining an “overweight” rating.
On the other hand, Barclays decreased its price objective from $117.00 to $112.00 and assigned an “underweight” rating. In contrast, TD Cowen reiterated a “buy” rating, indicating continued confidence in the company’s prospects.
As per data from MarketBeat, Addus HomeCare has garnered a consensus rating of “Moderate Buy” with a consensus price target of $134.33. Among analysts, one has issued a Strong Buy rating, seven have assigned a Buy rating, two have designated a Hold rating, and one has issued a Sell rating.
About Addus HomeCare Corporation
Addus HomeCare (NASDAQ: ADUS) is recognized as a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals throughout the United States. The company operates a vast network of company-owned and franchise locations, offering a comprehensive range of non-medical personal care and licensed home health services that promote client independence and enhance quality of life.
The core services offered by Addus HomeCare include personal care assistance for daily living activities, medication reminders, and light housekeeping. They also provide skilled home health services under the supervision of registered nurses and licensed therapists.
As the company continues to navigate the complexities of the healthcare market, the recent stock transaction by Stevenson and varying analyst ratings reflect the ongoing interest and scrutiny surrounding Addus HomeCare’s performance and future outlook.
