Monashee Investment Management LLC Invests $1.62 Million in Privia Health Group, Inc. (NASDAQ:PRVA)

Monashee Investment Management LLC bought a new position in shares of Privia Health Group, Inc. (NASDAQ:PRVA) during the 2nd quarter, HoldingsChannel reports. The fund bought 36,389 shares of the company’s stock, valued at approximately $1,615,000.

Several other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new position in shares of Privia Health Group during the 2nd quarter worth approximately $49,925,000. BlackRock Inc. purchased a new stake in shares of Privia Health Group during the 2nd quarter valued at approximately $109,079,000. Deutsche Bank AG purchased a new stake in shares of Privia Health Group during the 2nd quarter valued at approximately $13,916,000. Principal Financial Group Inc. purchased a new stake in shares of Privia Health Group during the 2nd quarter valued at approximately $36,456,000. Finally, Citigroup Inc. purchased a new stake in shares of Privia Health Group during the 2nd quarter valued at approximately $1,336,000. Institutional investors and hedge funds own 53.69% of the company’s stock.

Privia Health Group stock opened at $25.80 on Friday. Privia Health Group, Inc. has a twelve month low of $24.61 and a twelve month high of $50.77. The stock’s fifty day moving average is $33.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.61 and a current ratio of 2.61.

Privia Health Group (NASDAQ:PRVA) last issued its earnings results on Monday, August 9th. The company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.48) by ($0.20). The company had revenue of $225.76 million for the quarter, compared to analysts’ expectations of $214.76 million. Analysts predict that Privia Health Group, Inc. will post -1.78 EPS for the current year.

Several research firms have recently commented on PRVA. Zacks Investment Research raised shares of Privia Health Group from a “sell” rating to a “hold” rating in a research report on Friday, August 20th. Cowen began coverage on shares of Privia Health Group in a research report on Thursday, September 9th. They set a “market perform” rating and a $31.00 price target on the stock. Credit Suisse Group boosted their target price on Privia Health Group from $44.00 to $57.00 and gave the company an “outperform” rating in a research report on Wednesday, June 30th. Finally, Piper Sandler boosted their target price on Privia Health Group from $40.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, July 14th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $43.29.

About Privia Health Group

Privia Health Group, Inc operates as a physician practice management and population health technology company in the United States. The company comprises regional medical groups, accountable care organizations, and specialty verticals. It offers technology and population health tools to enhance independent providers' workflows; management service organization that enables providers to reduce administrative work focus on their patients; single-TIN medical group that facilitates payer negotiation, clinical integration and alignment of financial incentives; physician-led accountable care organization, which engages patients, reduces inappropriate utilization, and enhances coordination and patient quality metrics to drive value-based care and transform the healthcare delivery system; and network for purchasers and payers.

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Institutional Ownership by Quarter for Privia Health Group (NASDAQ:PRVA)

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