NASDAQ:PRVA

Privia Health Group (PRVA) Stock Forecast, Price & News

$27.64

+2.36 (+9.34%)

(As of 01:46 PM ET)

Compare

Today's Range: $26.99
▼
$28.30
50-Day Range: $24.01
▼
$29.93
52-Week Range: $20.64
▼
$44.64

Volume: 3.46 million shs
Average Volume: 1.05 million shs
Market Capitalization: $3.20 billion

P/E Ratio: 251.27
Dividend Yield: N/A
Price Target: $39.19

Privia Health Group MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 41.1% Upside
$39.19 Price Target
Short Interest: Bearish
5.43% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.16
Based on 4 Articles This Week
Insider Trading: Selling Shares
$547.17 M Sold Last Quarter
Proj. Earnings Growth: 39.13%
From $0.23 to $0.32 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Medical Sector

196th out of 981 stocks

Health Services Industry

2nd out of 13 stocks

3.5

Analyst's Opinion

Consensus Rating
Privia Health Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 13 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $39.19, Privia Health Group has a forecasted upside of 41.1% from its current price of $27.78.
Amount of Analyst Coverage
Privia Health Group has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.43% of the float of Privia Health Group has been sold short.
Short Interest Ratio / Days to Cover
Privia Health Group has a short interest ratio ("days to cover") of 4.9.
Change versus previous month
Short interest in Privia Health Group has recently increased by 189.90%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Privia Health Group does not currently pay a dividend.
Dividend Growth
Privia Health Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PRVA.

1.8

News and Social Media Coverage

News Sentiment
Privia Health Group has a news sentiment score of 0.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Privia Health Group this week, compared to 4 articles on an average week.
Search Interest
4 people have searched for PRVA on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Privia Health Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Privia Health Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $547,172,101.00 in company stock.
Percentage Held by Insiders
57.60% of the stock of Privia Health Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
66.83% of the stock of Privia Health Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Privia Health Group are expected to grow by 39.13% in the coming year, from $0.23 to $0.32 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Privia Health Group is 252.55, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 135.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of Privia Health Group is 252.55, which means that it is trading at a more expensive P/E ratio than the Medical sector average P/E ratio of about 92.76.
Price to Earnings Growth Ratio
Privia Health Group has a PEG Ratio of 3.06. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Privia Health Group has a P/B Ratio of 6.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Privia Health Group (NASDAQ:PRVA) Stock

Privia Health Group, Inc. operates as a national physician-enablement company in the United States. The company collaborates with medical groups, health plans, and health systems to optimize physician practices, enhance patient experiences, and reward doctors for delivering care in-person and virtual settings. It offers technology and population health tools to enhance independent providers' workflows; management services organization that enable providers to focus on their patients by reducing administrative work; single-TIN medical group that facilitates payer negotiation, clinical integration and alignment of financial incentives; accountable care organization, which engage patients, reduce inappropriate utilization, and enhance coordination and patient quality metrics to drive value-based care; and network for purchasers and payers that enable providers to connect with new patient populations and create custom contracts. The company was founded in 2007 and is headquartered in Arlington, Virginia. Privia Health Group, Inc. is a subsidiary of Brighton Health Group Holdings, LLC.

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PRVA Stock News Headlines

June 3, 2023 | americanbankingnews.com

Privia Health Group, Inc. (NASDAQ:PRVA) Director Sells $296,090.60 in Stock

May 31, 2023 | msn.com

Privia Health Group: Platform Contribution And Capitated Book Performed Strongly

June 8, 2023 | Behind the Markets (Ad)

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May 27, 2023 | americanbankingnews.com

Privia Health Group (NASDAQ:PRVA) Stock Price Down 7.5%

May 22, 2023 | americanbankingnews.com

Privia Health Group, Inc. (NASDAQ:PRVA) Receives $39.19 Average Target Price from Analysts

May 17, 2023 | americanbankingnews.com

Privia Health Group, Inc. (NASDAQ:PRVA) Director William M. Sullivan Sells 18,153 Shares

May 16, 2023 | americanbankingnews.com

William Blair Comments on Privia Health Group, Inc.'s Q2 2023 Earnings (NASDAQ:PRVA)

May 14, 2023 | finance.yahoo.com

With 9.8% one-year returns, institutional owners may ignore Privia Health Group, Inc.'s (NASDAQ:PRVA) 9.2% stock price decline

June 8, 2023 | Stansberry Research (Ad)

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May 13, 2023 | americanbankingnews.com

William M. Sullivan Sells 6,545 Shares of Privia Health Group, Inc. (NASDAQ:PRVA) Stock

May 11, 2023 | benzinga.com

Privia Health Gr 10% Owner Sold $536.47M In Company Stock

May 11, 2023 | americanbankingnews.com

Privia Health Group, Inc. (NASDAQ:PRVA) Major Shareholder Advisors L.L.C. Mbd Sells 24,819,473 Shares of Stock

May 11, 2023 | americanbankingnews.com

Parth Mehrotra Sells 117,301 Shares of Privia Health Group, Inc. (NASDAQ:PRVA) Stock

May 8, 2023 | msn.com

Credit Suisse Reiterates Privia Health Group (PRVA) Outperform Recommendation

May 8, 2023 | markets.businessinsider.com

Credit Suisse Sticks to Its Buy Rating for Privia Health Group (PRVA)

May 8, 2023 | americanbankingnews.com

Thomas Bartrum Sells 15,000 Shares of Privia Health Group, Inc. (NASDAQ:PRVA) Stock

May 7, 2023 | americanbankingnews.com

Insider Selling: Privia Health Group, Inc. (NASDAQ:PRVA) Director Sells $496,666.08 in Stock

May 7, 2023 | americanbankingnews.com

Privia Health Group (NASDAQ:PRVA) Sees Strong Trading Volume After Analyst Upgrade

May 6, 2023 | seekingalpha.com

Privia Health Group, Inc. (PRVA) Q1 2023 Earnings Call Transcript

May 6, 2023 | americanbankingnews.com

Privia Health Group (NASDAQ:PRVA) Price Target Raised to $40.00 at SVB Securities

May 6, 2023 | markets.businessinsider.com

RBC Capital Remains a Buy on Privia Health Group (PRVA)

May 5, 2023 | americanbankingnews.com

David Mountcastle Sells 1,720 Shares of Privia Health Group, Inc. (NASDAQ:PRVA) Stock

May 5, 2023 | americanbankingnews.com

Thomas Bartrum Sells 1,801 Shares of Privia Health Group, Inc. (NASDAQ:PRVA) Stock

May 5, 2023 | barrons.com

Privia Health Announces Upsized Pricing of Secondary Offering of $936 Million of Common Stock

May 4, 2023 | msn.com

Privia Health Group down 12% on pricing $689M secondary offering

May 4, 2023 | finanznachrichten.de

Privia Health Group, Inc.: Privia Health Reports First Quarter 2023 Financial Results

May 4, 2023 | finance.yahoo.com

Privia Health Reports First Quarter 2023 Financial Results

See More Headlines

PRVA Price History

30 days | 90 days | 365 days | Advanced Chart

PRVA Company Calendar

Last Earnings: 5/04/2023
Today: 6/08/2023
Next Earnings (Estimated): 8/10/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Health services
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:PRVA
CUSIP: N/A
CIK: 1759655
Web: www.priviahealth.com
Phone: 571-366-8850
Fax: N/A
Employees: 964
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $39.19
High Stock Price Forecast: $51.00
Low Stock Price Forecast: $28.00
Forecasted Upside/Downside: +42.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.11
Trailing P/E Ratio: 249.82
Forward P/E Ratio: 119.48
P/E Growth: 3.06
Net Income: $-8,590,000.00
Net Margins: 1.14%
Pretax Margin: 0.12%
Return on Equity: 3.20%
Return on Assets: 2.02%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.90
Quick Ratio: 1.90

Sales & Book Value

Annual Sales: $1.36 billion
Price / Sales: 2.34
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $4.53 per share
Price / Book: 6.07

Miscellaneous

Outstanding Shares: 115,660,000
Free Float: 49,041,000
Market Cap: $3.18 billion
Optionable: Not Optionable
Beta: 0.76

Key Executives

Mr. Matthew Shawn Morris (Age 59)
CEO & Director
Comp: $1.66M

Mr. Parth Mehrotra (Age 44)
Pres & COO
Comp: $1.37M

Mr. David Mountcastle CPA (Age 52)
MBA, Exec. VP, CFO & Principal Accounting Officer
Comp: $882.07k

Mr. Thomas Bartrum (Age 56)
Exec. VP & Gen. Counsel
Comp: $608.79k

Mr. Chris Voigt
Exec. VP & Chief Technology Officer

Mr. Robert P. Borchert
Sr. VP of Investor Relations & Corp. Communications

Ms. Dana Fields CPA
Sr. VP of Internal Audit & Chief Compliance Officer

Ms. Jenny Harding
Sr. VP of People Operations

Mr. Jay Stevens
Sr. VP & Chief Growth Officer

Dr. S. Mark Cone FACOG (Age 60)
M.D., Pres of Privia Medical Group - Gulf Coast Texas

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PRVA Stock - Frequently Asked Questions

Should I buy or sell Privia Health Group stock right now?: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Privia Health Group in the last year. There are currently 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PRVA shares.
View PRVA analyst ratings or view top-rated stocks.
What is Privia Health Group's stock price forecast for 2023?: 13 Wall Street research analysts have issued 12 month target prices for Privia Health Group's shares. Their PRVA share price forecasts range from $28.00 to $51.00. On average, they predict the company's share price to reach $39.19 in the next twelve months. This suggests a possible upside of 42.6% from the stock's current price.
View analysts price targets for PRVA or view top-rated stocks among Wall Street analysts.
How have PRVA shares performed in 2023?: Privia Health Group's stock was trading at $22.71 on January 1st, 2023. Since then, PRVA shares have increased by 21.0% and is now trading at $27.48.
View the best growth stocks for 2023 here.
Are investors shorting Privia Health Group?: Privia Health Group saw a increase in short interest in May. As of May 15th, there was short interest totaling 5,740,000 shares, an increase of 189.9% from the April 30th total of 1,980,000 shares. Based on an average daily volume of 1,180,000 shares, the days-to-cover ratio is presently 4.9 days. Approximately 5.4% of the company's stock are sold short.
View Privia Health Group's Short Interest.
When is Privia Health Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our PRVA earnings forecast.
How were Privia Health Group's earnings last quarter?: Privia Health Group, Inc. (NASDAQ:PRVA) issued its quarterly earnings data on Thursday, May, 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.03. The company earned $386.28 million during the quarter, compared to analysts' expectations of $378.17 million. Privia Health Group had a trailing twelve-month return on equity of 3.20% and a net margin of 1.14%.
What ETFs hold Privia Health Group's stock?: ETFs with the largest weight of Privia Health Group (NASDAQ:PRVA) stock in their portfolio include SPDR S&P Health Care Services ETF (XHS), ROBO Global Healthcare Technology and Innovation ETF (HTEC), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), Franklin Genomic Advancements ETF (HELX), First Trust Mid Cap Growth AlphaDEX Fund (FNY), Renaissance IPO ETF (IPO), iShares U.S. Healthcare Providers ETF (IHF) and Principal U.S. Small-Cap Multi-Factor ETF (PSC).
What guidance has Privia Health Group issued on next quarter's earnings?: Privia Health Group updated its FY 2023 earnings guidance on Wednesday, April, 19th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.55 billion-$1.65 billion, compared to the consensus revenue estimate of $2.79 billion.

When did Privia Health Group IPO?: (PRVA) raised $351 million in an initial public offering (IPO) on Thursday, April 29th 2021. The company issued 19,500,000 shares at a price of $17.00-$19.00 per share. Goldman Sachs, J.P. Morgan, Credit Suisse, Piper Sandler and William Blair served as the underwriters for the IPO and Canaccord Genuity, Truist Securities, R. Seelaus & Co. and Siebert Williams Shank were co-managers.
What is Privia Health Group's stock symbol?: Privia Health Group trades on the NASDAQ under the ticker symbol "PRVA."
Who are Privia Health Group's major shareholders?: Privia Health Group's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (3.99%), Bank of New York Mellon Corp (3.09%), Principal Financial Group Inc. (1.99%), Riverbridge Partners LLC (1.96%), FMR LLC (1.47%) and Franklin Resources Inc. (1.09%). Insiders that own company stock include Advisors LLC Mbd, David Mountcastle, Jeffrey B Butler, Jeffrey Daniel Bernstein, Matthew Shawn Morris, Pamplona Capital Partners Iii,, Parth Mehrotra, Thomas Bartrum and William M Sullivan.
View institutional ownership trends.
How do I buy shares of Privia Health Group?: Shares of PRVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Privia Health Group's stock price today?: One share of PRVA stock can currently be purchased for approximately $27.48.
How much money does Privia Health Group make?: Privia Health Group (NASDAQ:PRVA) has a market capitalization of $3.18 billion and generates $1.36 billion in revenue each year. The company earns $-8,590,000.00 in net income (profit) each year or $0.11 on an earnings per share basis.
How many employees does Privia Health Group have?: The company employs 964 workers across the globe.
How can I contact Privia Health Group?: The official website for the company is www.priviahealth.com. The company can be reached via phone at 571-366-8850 or via email at ir@priviahealth.com.

This page (NASDAQ:PRVA) was last updated on 6/8/2023 by MarketBeat.com Staff

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