Signify Health (NYSE:SGFY) Stock Price Down 4.9%


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Signify Health, Inc. (NYSE:SGFY) shares were down 4.9% during mid-day trading on Tuesday . The company traded as low as $27.50 and last traded at $27.68. Approximately 6,713 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 962,486 shares. The stock had previously closed at $29.12.

A number of equities research analysts have weighed in on SGFY shares. William Blair started coverage on Signify Health in a research note on Monday, March 15th. They issued an “outperform” rating for the company. Bank of America initiated coverage on Signify Health in a research note on Monday, March 15th. They issued a “buy” rating and a $34.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their price target on Signify Health from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, March 26th. Piper Sandler initiated coverage on Signify Health in a research note on Monday, March 15th. They set an “overweight” rating and a $42.00 price target for the company. Finally, UBS Group initiated coverage on Signify Health in a research note on Monday, March 15th. They set a “neutral” rating and a $34.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $35.00.

The company’s 50 day simple moving average is $30.58.

In other Signify Health news, COO David Pierre bought 13,200 shares of Signify Health stock in a transaction that occurred on Tuesday, February 16th. The shares were purchased at an average cost of $24.00 per share, for a total transaction of $316,800.00. Following the completion of the transaction, the chief operating officer now owns 772,875 shares of the company’s stock, valued at approximately $18,549,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Laurence Michael Orton bought 5,200 shares of Signify Health stock in a transaction that occurred on Tuesday, February 16th. The shares were acquired at an average price of $24.00 per share, for a total transaction of $124,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 5,200 shares of the company’s stock, valued at approximately $124,800. The disclosure for this purchase can be found here. Insiders have purchased 33,300 shares of company stock worth $799,200 over the last quarter.

About Signify Health (NYSE:SGFY)

There is no company description available for Signify Health Inc

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