Addus HomeCare Corporation (NASDAQ:ADUS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Addus HomeCare Corporation (NASDAQ:ADUS) have received an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $134.3333.

A number of research analysts recently commented on the company. Stephens decreased their price objective on Addus HomeCare from $140.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Barclays cut their target price on Addus HomeCare from $117.00 to $112.00 and set an “underweight” rating for the company in a research note on Tuesday, February 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $139.00 price target on shares of Addus HomeCare in a research note on Wednesday, February 25th. BMO Capital Markets began coverage on Addus HomeCare in a research report on Thursday, November 13th. They set a “market perform” rating and a $120.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Addus HomeCare in a report on Wednesday, January 21st.

Addus HomeCare Stock Performance

Addus HomeCare stock opened at $102.70 on Monday. The firm has a 50 day simple moving average of $108.56 and a 200-day simple moving average of $112.57. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 1.44 and a beta of 0.92. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.80 and a quick ratio of 1.80. Addus HomeCare has a 1-year low of $88.96 and a 1-year high of $124.43.

Insider Transactions at Addus HomeCare

In related news, EVP Sean Gaffney sold 817 shares of Addus HomeCare stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $106.98, for a total value of $87,402.66. Following the completion of the sale, the executive vice president owned 20,522 shares in the company, valued at approximately $2,195,443.56. This trade represents a 3.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brian Poff sold 2,041 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $106.98, for a total value of $218,346.18. Following the completion of the sale, the executive vice president directly owned 64,512 shares in the company, valued at approximately $6,901,493.76. The trade was a 3.07% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 16,760 shares of company stock worth $1,786,247. 4.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ADUS. Capital Research Global Investors raised its position in Addus HomeCare by 22.3% in the 4th quarter. Capital Research Global Investors now owns 1,469,752 shares of the company’s stock valued at $157,837,000 after purchasing an additional 268,192 shares in the last quarter. Tributary Capital Management LLC raised its holdings in Addus HomeCare by 114.1% in the third quarter. Tributary Capital Management LLC now owns 398,122 shares of the company’s stock valued at $46,974,000 after acquiring an additional 212,192 shares in the last quarter. Freestone Grove Partners LP lifted its stake in Addus HomeCare by 5,035.2% in the fourth quarter. Freestone Grove Partners LP now owns 137,932 shares of the company’s stock worth $14,813,000 after acquiring an additional 135,246 shares during the last quarter. 8 Knots Management LLC acquired a new position in Addus HomeCare during the 3rd quarter worth approximately $6,075,000. Finally, TimesSquare Capital Management LLC increased its position in shares of Addus HomeCare by 13.9% in the 2nd quarter. TimesSquare Capital Management LLC now owns 394,047 shares of the company’s stock valued at $45,390,000 after purchasing an additional 48,207 shares during the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.

About Addus HomeCare

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.