Addus HomeCare (NASDAQ:ADUS) Shares Gap Down – Here’s What Happened

Addus HomeCare Corporation (NASDAQ:ADUS)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $116.79, but opened at $109.77. Addus HomeCare shares last traded at $112.1670, with a volume of 41,677 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Citizens Jmp restated a “market outperform” rating and set a $142.00 price objective on shares of Addus HomeCare in a report on Monday, May 18th. Weiss Ratings upgraded shares of Addus HomeCare from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Citigroup reiterated a “market outperform” rating on shares of Addus HomeCare in a research note on Friday, July 24th. Finally, Barclays upped their target price on Addus HomeCare from $92.00 to $96.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Addus HomeCare presently has an average rating of “Moderate Buy” and an average target price of $131.50.

Addus HomeCare Stock Performance

The company has a market cap of $2.14 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 1.58 and a beta of 0.87. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average price is $102.16 and its 200 day moving average price is $101.45.

Addus HomeCare (NASDAQ:ADUS) last posted its quarterly earnings data on Monday, August 3rd. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.03. The company had revenue of $377.41 million during the quarter, compared to analysts’ expectations of $376.24 million. Addus HomeCare had a net margin of 6.89% and a return on equity of 9.80%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.49 EPS. On average, analysts expect that Addus HomeCare Corporation will post 6.24 EPS for the current fiscal year.

Insider Buying and Selling

In other Addus HomeCare news, insider Heather Brianne Dixon sold 288 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $93.77, for a total transaction of $27,005.76. Following the transaction, the insider directly owned 44,371 shares in the company, valued at $4,160,668.67. This trade represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 788 shares of company stock valued at $73,506 in the last 90 days. Corporate insiders own 4.10% of the company’s stock.

Institutional Trading of Addus HomeCare

Several institutional investors have recently bought and sold shares of ADUS. Capital Research Global Investors boosted its holdings in shares of Addus HomeCare by 22.3% during the 4th quarter. Capital Research Global Investors now owns 1,469,752 shares of the company’s stock worth $157,837,000 after buying an additional 268,192 shares in the last quarter. Vanguard Group Inc. grew its holdings in Addus HomeCare by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 1,308,605 shares of the company’s stock valued at $140,531,000 after purchasing an additional 10,501 shares during the period. Wasatch Advisors LP grew its stake in Addus HomeCare by 0.8% in the 3rd quarter. Wasatch Advisors LP now owns 936,243 shares of the company’s stock valued at $110,467,000 after acquiring an additional 7,089 shares during the period. Dimensional Fund Advisors LP increased its holdings in Addus HomeCare by 11.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 744,127 shares of the company’s stock worth $69,689,000 after acquiring an additional 78,415 shares in the last quarter. Finally, State Street Corp raised its position in Addus HomeCare by 0.9% during the fourth quarter. State Street Corp now owns 702,229 shares of the company’s stock worth $75,412,000 after acquiring an additional 6,561 shares during the period. 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.