Analysts Set Addus HomeCare Corporation (NASDAQ:ADUS) PT at $131.00

Shares of Addus HomeCare Corporation (NASDAQ:ADUS) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $131.50.

A number of analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Addus HomeCare from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 22nd. Wall Street Zen downgraded shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. Citizens Jmp reaffirmed a “market outperform” rating and issued a $142.00 price target on shares of Addus HomeCare in a report on Monday, May 18th. Finally, Barclays upped their price target on shares of Addus HomeCare from $92.00 to $96.00 and gave the company an “underweight” rating in a report on Wednesday.

Insider Activity

In other news, insider Heather Brianne Dixon sold 288 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $93.77, for a total value of $27,005.76. Following the completion of the transaction, the insider owned 44,371 shares of the company’s stock, valued at $4,160,668.67. The trade was a 0.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 966 shares of company stock valued at $90,168. Insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Global Retirement Partners LLC boosted its position 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 lifted its stake in shares of Addus HomeCare by 133.3% in the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock valued at $28,000 after purchasing an additional 136 shares during the period. Acumen Wealth Advisors LLC acquired a new position in shares of Addus HomeCare in the 4th quarter valued at $29,000. Arax Advisory Partners boosted its holdings in Addus HomeCare by 95.8% during the fourth quarter. Arax Advisory Partners now owns 280 shares of the company’s stock worth $30,000 after buying an additional 137 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in Addus HomeCare by 65.5% during the fourth quarter. Private Trust Co. NA now owns 283 shares of the company’s stock worth $30,000 after buying an additional 112 shares in the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.

Addus HomeCare Price Performance

Shares of NASDAQ ADUS opened at $109.72 on Friday. The business’s 50 day moving average price is $95.91 and its 200 day moving average price is $101.04. The firm has a market cap of $2.05 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.46 and a beta of 0.88. Addus HomeCare has a 52 week low of $87.95 and a 52 week high of $124.43. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.08.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly earnings results on Monday, May 4th. The company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.10. Addus HomeCare had a net margin of 6.89% and a return on equity of 9.80%. The company had revenue of $363.50 million during the quarter, compared to analyst estimates of $366.41 million. During the same period last year, the firm posted $1.42 EPS. Addus HomeCare’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, sell-side analysts expect that Addus HomeCare will post 6.24 earnings per share for the current year.

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.