Addus HomeCare (NASDAQ:ADUS) Hits New 1-Year Low - Here's What Happened

Key Points

• Addus HomeCare hit a new 52-week low, trading as low as $94.61 and last at $95.03, and is trading well below its 50-day ($106) and 200-day ($111.21) moving averages with a market cap of about $1.79 billion.
• Analysts hold a consensus Moderate Buy with a $133.22 average price target despite recent downgrades (e.g., Barclays cut its target to $102), and company insiders have sold 16,610 shares (~$1.77M) in the past 90 days.

Addus HomeCare Corporation (NASDAQ:ADUS - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $94.61 and last traded at $95.0260, with a volume of 25864 shares traded. The stock had previously closed at $97.67.

Wall Street Analyst Weigh In

ADUS has been the subject of several recent analyst reports. Barclays cut their price objective on shares of Addus HomeCare from $112.00 to $102.00 and set an "underweight" rating for the company in a research report on Wednesday. Stephens dropped their target price on shares of Addus HomeCare from $140.00 to $135.00 and set an "overweight" rating for the company in a research report on Wednesday, February 25th. 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. Wall Street Zen lowered shares of Addus HomeCare from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 21st. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $139.00 price objective on shares of Addus HomeCare in a research note on Wednesday, February 25th. One research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $133.22.

Addus HomeCare Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market cap of $1.79 billion, a P/E ratio of 18.44, a PEG ratio of 1.38 and a beta of 0.92. The stock has a 50-day simple moving average of $106.00 and a 200-day simple moving average of $111.21.

Insider Activity at Addus HomeCare

In other Addus HomeCare news, EVP Michael D. Wattenbarger sold 300 shares of the firm's stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $105.36, for a total value of $31,608.00. Following the sale, the executive vice president owned 9,444 shares in the company, valued at $995,019.84. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Darby Anderson sold 396 shares of the business's stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $105.36, for a total transaction of $41,722.56. Following the sale, the executive vice president directly owned 46,246 shares in the company, valued at approximately $4,872,478.56. The trade was a 0.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 16,610 shares of company stock worth $1,768,970 in the last ninety days. Insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On Addus HomeCare

Hedge funds have recently modified their holdings of the company. Capital Research Global Investors grew its position in 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 acquiring an additional 268,192 shares during the last quarter. Vanguard Group Inc. raised its position 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 last quarter. Wasatch Advisors LP boosted its stake in shares of Addus HomeCare by 0.8% during the third quarter. Wasatch Advisors LP now owns 936,243 shares of the company's stock valued at $110,467,000 after purchasing an additional 7,089 shares in the last quarter. State Street Corp boosted its stake in shares of Addus HomeCare by 0.9% during the fourth quarter. State Street Corp now owns 702,229 shares of the company's stock valued at $75,412,000 after purchasing an additional 6,561 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Addus HomeCare by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 667,256 shares of the company's stock worth $78,729,000 after purchasing an additional 7,884 shares during the last quarter. Institutional investors and hedge funds own 95.35% of the company's stock.

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.

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