Addus HomeCare Corporation (NASDAQ:ADUS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Addus HomeCare Corporation (NASDAQ:ADUS) have been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $134.3333.

ADUS has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Addus HomeCare in a report on Wednesday, January 21st. BMO Capital Markets started coverage on shares of Addus HomeCare in a report on Thursday, November 13th. They issued a “market perform” rating and a $120.00 target price for the company. Truist Financial set a $135.00 target price on shares of Addus HomeCare and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Royal Bank Of Canada restated an “outperform” rating and set a $139.00 price target on shares of Addus HomeCare in a report on Wednesday, February 25th. Finally, Barclays reduced their price target on shares of Addus HomeCare from $117.00 to $112.00 and set an “underweight” rating for the company in a research report on Tuesday, February 24th.

Insider Activity

In related news, CEO R Dirk Allison sold 4,988 shares of Addus HomeCare stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $106.98, for a total value of $533,616.24. Following the transaction, the chief executive officer owned 185,514 shares in the company, valued at $19,846,287.72. This trade represents a 2.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Sean Gaffney sold 817 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $106.98, for a total value of $87,402.66. Following the transaction, the executive vice president directly owned 20,522 shares of the company’s stock, valued at $2,195,443.56. This represents a 3.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,760 shares of company stock valued at $1,786,247 in the last three months. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Addus HomeCare

A number of institutional investors have recently added to or reduced their stakes in ADUS. Hohimer Wealth Management LLC boosted its position in shares of Addus HomeCare by 3.4% during the 3rd quarter. Hohimer Wealth Management LLC now owns 2,709 shares of the company’s stock valued at $320,000 after acquiring an additional 88 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in Addus HomeCare by 5.0% in the second quarter. Ameritas Investment Partners Inc. now owns 1,854 shares of the company’s stock worth $214,000 after purchasing an additional 89 shares in the last quarter. Amalgamated Bank lifted its stake in Addus HomeCare by 1.8% during the third quarter. Amalgamated Bank now owns 5,240 shares of the company’s stock worth $618,000 after purchasing an additional 93 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in Addus HomeCare by 2.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,153 shares of the company’s stock worth $446,000 after purchasing an additional 103 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Addus HomeCare by 6.3% during the third quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock valued at $210,000 after purchasing an additional 105 shares in the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.

Addus HomeCare Stock Performance

Shares of ADUS opened at $103.21 on Monday. The firm has a fifty day moving average of $108.56 and a 200-day moving average of $112.60. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 1.46 and a beta of 0.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.80 and a current ratio of 1.80. Addus HomeCare has a 1 year low of $88.96 and a 1 year high of $124.43.

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.