Addus HomeCare (NASDAQ:ADUS) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of Addus HomeCare Corporation (NASDAQ:ADUS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $101.10 and traded as high as $116.69. Addus HomeCare shares last traded at $114.52, with a volume of 213,579 shares traded.

Analysts Set New Price Targets

A number of brokerages have issued reports on ADUS. Wall Street Zen lowered shares of Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Citizens Jmp restated a “market outperform” rating and issued a $142.00 target price on shares of Addus HomeCare in a research note on Monday, May 18th. Barclays upped their target price on Addus HomeCare from $92.00 to $96.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 8th. Finally, Weiss Ratings raised Addus HomeCare from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.50.

Addus HomeCare Trading Up 0.6%

The company has a market cap of $2.14 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 1.56 and a beta of 0.88. The company’s 50 day moving average price is $97.48 and its 200 day moving average price is $101.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.83 and a current ratio of 1.83.

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, beating the consensus estimate of $1.52 by $0.10. The business had revenue of $363.50 million during the quarter, compared to analyst estimates of $366.41 million. Addus HomeCare had a net margin of 6.89% and a return on equity of 9.80%. Addus HomeCare’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.42 EPS. Research analysts anticipate that Addus HomeCare Corporation will post 6.24 EPS for the current year.

Insiders Place Their Bets

In other Addus HomeCare news, insider Heather Brianne Dixon sold 288 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $93.77, for a total value of $27,005.76. Following the completion of the sale, the insider owned 44,371 shares of the company’s stock, valued at $4,160,668.67. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 966 shares of company stock worth $90,168 in the last 90 days. 4.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. raised its stake in shares of Addus HomeCare by 2.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 5,905 shares of the company’s stock valued at $593,000 after acquiring an additional 114 shares in the last quarter. City Center Advisors LLC bought a new stake in Addus HomeCare during the second quarter worth approximately $301,000. Parallel Advisors LLC boosted its position in Addus HomeCare by 66.3% during the first quarter. Parallel Advisors LLC now owns 404 shares of the company’s stock worth $38,000 after purchasing an additional 161 shares during the period. Argent Capital Management LLC grew its holdings in Addus HomeCare by 56.4% during the first quarter. Argent Capital Management LLC now owns 70,235 shares of the company’s stock valued at $6,578,000 after purchasing an additional 25,315 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Addus HomeCare by 11.3% during the first quarter. Bank of America Corp DE now owns 323,037 shares of the company’s stock valued at $30,252,000 after purchasing an additional 32,714 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.