Addus HomeCare (NASDAQ:ADUS) Lowered to “Buy” Rating by Wall Street Zen

Addus HomeCare (NASDAQ:ADUS) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other research analysts have also issued reports about the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Addus HomeCare in a report on Wednesday, January 21st. Truist Financial set a $135.00 target price on shares of Addus HomeCare and gave the company a “buy” rating in a research note on Wednesday, January 7th. KeyCorp reaffirmed an “overweight” rating on shares of Addus HomeCare in a research report on Wednesday, February 25th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $139.00 price target on shares of Addus HomeCare in a research note on Wednesday, February 25th. Finally, Barclays lowered their price objective on Addus HomeCare from $117.00 to $112.00 and set an “underweight” rating for the company in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Addus HomeCare has an average rating of “Moderate Buy” and an average target price of $134.33.

Addus HomeCare Stock Down 0.7%

ADUS stock opened at $99.28 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 firm has a 50 day simple moving average of $106.90 and a 200-day simple moving average of $111.61. The company has a market capitalization of $1.85 billion, a P/E ratio of 19.06, a PEG ratio of 1.39 and a beta of 0.92. Addus HomeCare has a twelve month low of $88.96 and a twelve month high of $124.43.

Insider Activity at Addus HomeCare

In other news, EVP Roberton James Stevenson sold 284 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $105.36, for a total value of $29,922.24. Following the transaction, the executive vice president directly owned 14,030 shares in the company, valued at approximately $1,478,200.80. This trade represents a 1.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Sean Gaffney sold 442 shares of Addus HomeCare stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $105.36, for a total transaction of $46,569.12. Following the completion of the transaction, the executive vice president directly owned 20,080 shares of the company’s stock, valued at $2,115,628.80. This trade represents a 2.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 16,610 shares of company stock valued at $1,768,970 in the last ninety days. 4.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Addus HomeCare

A number of hedge funds and other institutional investors have recently bought and sold shares of ADUS. Global Retirement Partners LLC raised its position in shares of Addus HomeCare by 395.7% during the 4th quarter. Global Retirement Partners LLC now owns 233 shares of the company’s stock worth $25,000 after purchasing an additional 186 shares during the period. Larson Financial Group LLC boosted its position in Addus HomeCare by 133.3% during the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock valued at $28,000 after purchasing an additional 136 shares during the period. Acumen Wealth Advisors LLC bought a new position in Addus HomeCare during the 4th quarter worth $29,000. Arax Advisory Partners grew its stake in Addus HomeCare by 95.8% during the 4th quarter. Arax Advisory Partners now owns 280 shares of the company’s stock worth $30,000 after buying an additional 137 shares during the last quarter. Finally, Private Trust Co. NA increased its position in Addus HomeCare by 65.5% in the fourth quarter. Private Trust Co. NA now owns 283 shares of the company’s stock worth $30,000 after buying an additional 112 shares during the period. 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.