AMN Healthcare Services (NYSE:AMN) PT Lowered to $70.00

AMN Healthcare Services (NYSE:AMN - Free Report) had its price target cut by Truist Financial from $88.00 to $70.00 in a research note released on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of AMN Healthcare Services from a hold rating to a sell rating in a report on Monday, April 15th. BMO Capital Markets reduced their price objective on shares of AMN Healthcare Services from $85.00 to $83.00 and set an outperform rating for the company in a report on Tuesday, February 20th. Finally, JMP Securities reduced their price objective on shares of AMN Healthcare Services from $87.00 to $75.00 and set a market outperform rating for the company in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, AMN Healthcare Services currently has a consensus rating of Hold and an average target price of $85.00.

AMN Healthcare Services Stock Performance

Shares of AMN traded down $0.44 during midday trading on Monday, hitting $56.51. 451,591 shares of the stock traded hands, compared to its average volume of 776,712. AMN Healthcare Services has a 1-year low of $53.77 and a 1-year high of $112.44. The firm has a market capitalization of $2.14 billion, a PE ratio of 10.68 and a beta of 0.22. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.28 and a current ratio of 1.28. The business's 50 day moving average price is $60.30 and its two-hundred day moving average price is $68.06.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.07. The business had revenue of $818.27 million during the quarter, compared to the consensus estimate of $803.14 million. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The company's quarterly revenue was down 27.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.48 earnings per share. Equities research analysts predict that AMN Healthcare Services will post 3.97 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Caroline Grace acquired 17,500 shares of the business's stock in a transaction on Tuesday, February 27th. The shares were purchased at an average price of $56.68 per share, for a total transaction of $991,900.00. Following the acquisition, the chief executive officer now owns 27,178 shares in the company, valued at $1,540,449.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Caroline Grace acquired 17,500 shares of the business's stock in a transaction on Tuesday, February 27th. The shares were purchased at an average price of $56.68 per share, for a total transaction of $991,900.00. Following the acquisition, the chief executive officer now owns 27,178 shares in the company, valued at $1,540,449.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jorge A. Caballero acquired 2,000 shares of the business's stock in a transaction on Wednesday, March 6th. The shares were bought at an average price of $56.80 per share, for a total transaction of $113,600.00. Following the acquisition, the director now owns 2,437 shares in the company, valued at approximately $138,421.60. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 26,626 shares of company stock worth $1,516,899. 0.93% of the stock is owned by corporate insiders.

Institutional Trading of AMN Healthcare Services

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hexagon Capital Partners LLC grew its stake in AMN Healthcare Services by 69.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 360 shares of the company's stock valued at $27,000 after acquiring an additional 147 shares in the last quarter. GAMMA Investing LLC purchased a new position in AMN Healthcare Services during the 4th quarter valued at about $31,000. Quarry LP grew its stake in AMN Healthcare Services by 64.8% during the 4th quarter. Quarry LP now owns 519 shares of the company's stock valued at $39,000 after acquiring an additional 204 shares in the last quarter. Principal Securities Inc. purchased a new position in AMN Healthcare Services during the 4th quarter valued at about $49,000. Finally, Quadrant Capital Group LLC grew its stake in AMN Healthcare Services by 32.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,411 shares of the company's stock valued at $106,000 after acquiring an additional 342 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.