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

Addus HomeCare Corporation (NASDAQ:ADUS) has earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given 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 covered the stock in the last year is $133.2222.

ADUS has been the topic of a number of recent research reports. Stephens cut their price target on shares of Addus HomeCare from $140.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Barclays dropped their price objective on shares of Addus HomeCare from $112.00 to $102.00 and set an “underweight” rating for the company in a report on Wednesday, March 25th. KeyCorp reaffirmed an “overweight” rating on shares of Addus HomeCare in a research note on Wednesday, February 25th. Wall Street Zen lowered shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $139.00 price target on shares of Addus HomeCare in a research note on Wednesday, February 25th.

Addus HomeCare Trading Down 2.4%

Shares of NASDAQ ADUS opened at $91.59 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $1.71 billion, a PE ratio of 17.58, a PEG ratio of 1.30 and a beta of 0.96. Addus HomeCare has a twelve month low of $91.32 and a twelve month high of $124.43. The stock has a fifty day simple moving average of $104.49 and a 200-day simple moving average of $110.58.

Insider Transactions at Addus HomeCare

In related news, EVP Darby Anderson sold 733 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $106.98, for a total transaction of $78,416.34. Following the completion of the transaction, the executive vice president directly owned 46,642 shares of the company’s stock, valued at $4,989,761.16. The trade was a 1.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David W. Tucker sold 704 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $107.35, for a total value of $75,574.40. Following the sale, the executive vice president owned 10,802 shares in the company, valued at approximately $1,159,594.70. This trade represents a 6.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,610 shares of company stock valued at $1,768,970 in the last 90 days. Insiders own 4.50% of the company’s stock.

Institutional Trading of Addus HomeCare

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Addus HomeCare by 24.3% in the 1st quarter. Royal Bank of Canada now owns 6,899 shares of the company’s stock valued at $682,000 after purchasing an additional 1,347 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Addus HomeCare by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,374 shares of the company’s stock worth $1,026,000 after purchasing an additional 459 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Addus HomeCare by 6.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 51,679 shares of the company’s stock worth $5,111,000 after purchasing an additional 2,952 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Addus HomeCare by 387.6% during the first quarter. Jane Street Group LLC now owns 11,045 shares of the company’s stock worth $1,092,000 after purchasing an additional 8,780 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in Addus HomeCare by 44.7% in the first quarter. Intech Investment Management LLC now owns 14,362 shares of the company’s stock valued at $1,420,000 after buying an additional 4,439 shares during the last quarter. Institutional investors and hedge funds 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.