Wall Street Zen Upgrades Park Dental Partners (NASDAQ:PARK) to Buy

Park Dental Partners (NASDAQ:PARK) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other equities analysts have also recently commented on PARK. Craig Hallum reaffirmed a “buy” rating and set a $30.00 price objective on shares of Park Dental Partners in a research report on Friday. Zacks Research lowered shares of Park Dental Partners from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Northland Securities set a $27.00 target price on shares of Park Dental Partners in a research note on Thursday. Finally, Weiss Ratings raised shares of Park Dental Partners from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.50.

Park Dental Partners Price Performance

PARK stock opened at $22.97 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $103.82 million and a PE ratio of 31.04. Park Dental Partners has a 1-year low of $9.53 and a 1-year high of $26.79. The business’s 50 day simple moving average is $19.52 and its 200 day simple moving average is $18.52.

Institutional Trading of Park Dental Partners

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Park Dental Partners in the 2nd quarter valued at $120,000. Boston Partners acquired a new stake in shares of Park Dental Partners during the fourth quarter worth $576,000. Sei Investments Co. lifted its holdings in shares of Park Dental Partners by 100.0% during the first quarter. Sei Investments Co. now owns 34,766 shares of the company’s stock worth $583,000 after buying an additional 17,383 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Park Dental Partners in the fourth quarter valued at about $1,522,000. Finally, Heartland Advisors Inc. bought a new stake in shares of Park Dental Partners in the fourth quarter valued at about $2,251,000.

Park Dental Partners Company Profile

Park Dental Partners (NASDAQ: PARK) is a dental support organization that provides business and administrative services to affiliated dental practices. The company focuses on enabling dental clinicians to concentrate on patient care by delivering centralized non-clinical functions that support day-to-day operations and practice growth.

Services typically offered by Park Dental Partners include practice management, billing and revenue cycle management, procurement and supply-chain support, information technology, human resources, marketing and patient acquisition, and regulatory and compliance assistance.