Addus HomeCare (NASDAQ:ADUS) Shares Gap Down – What’s Next?

Addus HomeCare Corporation (NASDAQ:ADUS)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $116.79, but opened at $109.77. Addus HomeCare shares last traded at $112.1670, with a volume of 41,677 shares traded.

Analyst Ratings Changes

Several research analysts recently commented on ADUS shares. Citizens Jmp reaffirmed a “market outperform” rating and issued a $142.00 price target on shares of Addus HomeCare in a research note on Monday, May 18th. Barclays upped their target price on shares of Addus HomeCare from $92.00 to $96.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 8th. Royal Bank Of Canada lifted their price target on shares of Addus HomeCare from $130.00 to $134.00 and gave the company an “outperform” rating in a research note on Wednesday. Weiss Ratings raised Addus HomeCare from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Finally, Citigroup reiterated a “market outperform” rating on shares of Addus HomeCare in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $130.88.

Addus HomeCare Trading Up 2.5%

The company has a market capitalization of $2.17 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 1.56 and a beta of 0.87. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.69 and a quick ratio of 1.83. The company’s fifty day moving average is $103.02 and its 200-day moving average is $101.52.

Addus HomeCare (NASDAQ:ADUS) last posted its earnings results on Monday, August 3rd. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. The company had revenue of $377.41 million during the quarter, compared to analyst estimates of $376.24 million. Addus HomeCare had a return on equity of 9.96% and a net margin of 7.13%.Addus HomeCare’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.49 earnings per share. On average, analysts anticipate that Addus HomeCare Corporation will post 6.24 EPS for the current fiscal year.

Insider Buying and Selling at Addus HomeCare

In related news, insider Heather Brianne Dixon sold 288 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $93.77, for a total transaction of $27,005.76. Following the sale, the insider owned 44,371 shares of the company’s stock, valued at $4,160,668.67. This trade represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 788 shares of company stock worth $73,506. Corporate insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On Addus HomeCare

Several hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC boosted its stake in Addus HomeCare by 395.7% in the 4th quarter. Global Retirement Partners LLC now owns 233 shares of the company’s stock worth $25,000 after purchasing an additional 186 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Addus HomeCare by 133.3% during the third quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock valued at $28,000 after buying an additional 136 shares during the last quarter. Acumen Wealth Advisors LLC purchased a new stake in shares of Addus HomeCare during the fourth quarter valued at $29,000. Private Trust Co. NA increased its position in shares of Addus HomeCare by 65.5% in the 4th quarter. Private Trust Co. NA now owns 283 shares of the company’s stock valued at $30,000 after acquiring an additional 112 shares during the period. Finally, Arax Advisory Partners raised its stake in Addus HomeCare by 95.8% in the 4th quarter. Arax Advisory Partners now owns 280 shares of the company’s stock worth $30,000 after acquiring an additional 137 shares during the last quarter. Institutional investors and hedge funds own 95.35% of the company’s stock.

Addus HomeCare Company Profile

Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.