Addus HomeCare Corporation (NASDAQ:ADUS) Given Consensus Rating of “Moderate Buy” by Brokerages

Addus HomeCare Corporation (NASDAQ:ADUS) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. One 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 price objective among brokers that have covered the stock in the last year is $135.4444.

Several equities research analysts have commented on the company. TD Cowen restated a “buy” rating on shares of Addus HomeCare in a research report on Wednesday, November 5th. Wall Street Zen upgraded shares of Addus HomeCare from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. BMO Capital Markets started coverage on shares of Addus HomeCare in a research report on Thursday, November 13th. They set a “market perform” rating and a $120.00 price target on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Addus HomeCare in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada increased their target price on shares of Addus HomeCare from $134.00 to $139.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th.

Addus HomeCare Stock Performance

Shares of ADUS traded up $1.03 during mid-day trading on Thursday, reaching $113.70. The company had a trading volume of 11,031 shares, compared to its average volume of 212,343. The stock has a market capitalization of $2.10 billion, a P/E ratio of 24.35, a PEG ratio of 1.30 and a beta of 0.91. Addus HomeCare has a 52-week low of $88.96 and a 52-week high of $124.43. The stock has a 50 day moving average of $109.75 and a two-hundred day moving average of $112.84. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.14.

Insider Buying and Selling

In other news, EVP Darby Anderson sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $109.00, for a total value of $2,180,000.00. Following the completion of the sale, the executive vice president directly owned 44,144 shares in the company, valued at $4,811,696. The trade was a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 20,316 shares of company stock valued at $2,215,998 over the last quarter. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Addus HomeCare

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC lifted its holdings in Addus HomeCare by 395.7% during the fourth quarter. Global Retirement Partners LLC now owns 233 shares of the company’s stock valued at $25,000 after purchasing an additional 186 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Addus HomeCare by 133.3% in the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock worth $28,000 after buying an additional 136 shares during the last quarter. Private Trust Co. NA increased its stake in Addus HomeCare by 65.5% during the 4th 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. AlphaQuest LLC acquired a new position in shares of Addus HomeCare during the third quarter valued at approximately $37,000. Finally, Wexford Capital LP purchased a new position in shares of Addus HomeCare in the third quarter valued at approximately $41,000. Hedge funds and other institutional investors 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.