Wall Street Zen Downgrades Addus HomeCare (NASDAQ:ADUS) to Buy

Addus HomeCare (NASDAQ:ADUS) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday.

A number of other equities research analysts have also commented on ADUS. Royal Bank Of Canada upped their price target on shares of Addus HomeCare from $134.00 to $139.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Truist Financial set a $135.00 price target on shares of Addus HomeCare and gave the stock a “buy” rating in a report on Wednesday, January 7th. BMO Capital Markets started coverage on shares of Addus HomeCare in a research report on Thursday, November 13th. They issued a “market perform” rating and a $120.00 price objective on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Addus HomeCare in a report on Wednesday. Finally, Barclays raised their target price on Addus HomeCare from $111.00 to $117.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 4th. One 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.44.

Addus HomeCare Stock Performance

Shares of ADUS stock opened at $110.37 on Friday. The business has a 50-day moving average of $112.24 and a 200 day moving average of $113.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.66 and a quick ratio of 1.66. Addus HomeCare has a 1-year low of $88.96 and a 1-year high of $134.64. The stock has a market capitalization of $2.04 billion, a PE ratio of 23.63, a P/E/G ratio of 1.32 and a beta of 0.92.

Addus HomeCare (NASDAQ:ADUS) last announced its quarterly earnings data on Monday, November 3rd. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.03. The firm had revenue of $362.30 million during the quarter, compared to the consensus estimate of $354.48 million. Addus HomeCare had a return on equity of 9.53% and a net margin of 6.36%.The business’s revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.30 earnings per share. As a group, sell-side analysts anticipate that Addus HomeCare will post 4.59 earnings per share for the current year.

Insider Transactions at Addus HomeCare

In other Addus HomeCare news, EVP Darby Anderson sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $109.00, for a total value of $2,180,000.00. Following the completion of the sale, the executive vice president directly owned 44,144 shares in the company, valued at $4,811,696. This trade represents a 31.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 20,316 shares of company stock valued at $2,215,998 over the last ninety days. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue grew its holdings in shares of Addus HomeCare by 2.0% during the fourth quarter. State of Alaska Department of Revenue now owns 10,372 shares of the company’s stock valued at $1,113,000 after buying an additional 201 shares during the last quarter. Burney Co. bought a new position in Addus HomeCare in the 4th quarter valued at approximately $1,841,000. Azzad Asset Management Inc. ADV boosted its stake in Addus HomeCare by 3.0% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 11,088 shares of the company’s stock valued at $1,191,000 after purchasing an additional 321 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Addus HomeCare by 16.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 29,295 shares of the company’s stock worth $3,146,000 after purchasing an additional 4,239 shares in the last quarter. Finally, Chatham Capital Group Inc. increased its holdings in shares of Addus HomeCare by 0.9% in the 4th quarter. Chatham Capital Group Inc. now owns 20,603 shares of the company’s stock worth $2,213,000 after purchasing an additional 190 shares in the last quarter. 95.35% of the stock is currently owned by institutional investors.

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.