Addus HomeCare (NASDAQ:ADUS) Shares Gap Down – Should You Sell?

Addus HomeCare Corporation (NASDAQ:ADUS) gapped down prior to trading on Tuesday . The stock had previously closed at $100.12, but opened at $94.50. Addus HomeCare shares last traded at $92.33, with a volume of 66,469 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ADUS. Wall Street Zen lowered Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Stephens cut their target price on Addus HomeCare from $140.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Addus HomeCare in a research note on Wednesday, January 21st. KeyCorp restated an “overweight” rating on shares of Addus HomeCare in a research note on Wednesday, February 25th. Finally, Truist Financial set a $135.00 target price on Addus HomeCare and gave the company a “buy” rating in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Addus HomeCare presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.22.

Addus HomeCare Stock Down 5.4%

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a 50 day simple moving average of $98.77 and a 200-day simple moving average of $107.81. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 1.37 and a beta of 0.93.

Addus HomeCare (NASDAQ:ADUS) last released its quarterly earnings data on Monday, May 4th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.10. Addus HomeCare had a return on equity of 9.84% and a net margin of 6.74%.The firm had revenue of $363.50 million during the quarter, compared to analyst estimates of $366.41 million. During the same period in the prior year, the company posted $1.42 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, sell-side analysts forecast that Addus HomeCare Corporation will post 6.21 EPS for the current fiscal year.

Insider Activity

In other Addus HomeCare news, EVP David W. Tucker sold 704 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $107.35, for a total transaction of $75,574.40. Following the completion of the transaction, the executive vice president directly owned 10,802 shares in the company, valued at $1,159,594.70. This represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Brian Poff sold 2,041 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $106.98, for a total value of $218,346.18. Following the transaction, the executive vice president owned 64,512 shares of the company’s stock, valued at $6,901,493.76. This represents a 3.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 16,788 shares of company stock valued at $1,785,633. 4.50% of the stock is owned by company insiders.

Institutional Trading of Addus HomeCare

Hedge funds and other institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC increased its stake in shares of Addus HomeCare by 395.7% in the fourth quarter. Global Retirement Partners LLC now owns 233 shares of the company’s stock valued at $25,000 after buying an additional 186 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Addus HomeCare by 133.3% in the third quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock valued at $28,000 after buying an additional 136 shares in the last quarter. Acumen Wealth Advisors LLC acquired a new stake in shares of Addus HomeCare in the fourth quarter valued at $29,000. Arax Advisory Partners increased its stake in shares of Addus HomeCare by 95.8% in the fourth quarter. Arax Advisory Partners now owns 280 shares of the company’s stock valued at $30,000 after buying an additional 137 shares in the last quarter. Finally, Private Trust Co. NA increased its stake in shares of Addus HomeCare by 65.5% in the fourth quarter. Private Trust Co. NA now owns 283 shares of the company’s stock valued at $30,000 after buying an additional 112 shares in the last quarter. 95.35% of the stock is currently owned by institutional investors and hedge funds.

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.