P3 Health Partners (NASDAQ:PIII) Shares Up 2.2% – Should You Buy?

P3 Health Partners Inc. (NASDAQ:PIII)’s stock price rose 2.2% on Thursday . The company traded as high as $6.93 and last traded at $6.64. Approximately 16,823 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 19,863 shares. The stock had previously closed at $6.50.

Wall Street Analyst Weigh In

Separately, Lake Street Capital dropped their price target on shares of P3 Health Partners from $50.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, April 21st.

P3 Health Partners Stock Up 2.2%

The company has a market cap of $47.74 million, a price-to-earnings ratio of -0.14 and a beta of 0.78. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 1.68. The firm’s fifty day simple moving average is $6.83 and its 200 day simple moving average is $8.66.

P3 Health Partners (NASDAQ:PIII) last issued its quarterly earnings data on Thursday, May 15th. The company reported ($6.28) EPS for the quarter, missing analysts’ consensus estimates of ($5.00) by ($1.28). P3 Health Partners had a negative net margin of 9.27% and a negative return on equity of 123.10%. The business had revenue of $373.23 million during the quarter, compared to analyst estimates of $362.09 million. Sell-side analysts predict that P3 Health Partners Inc. will post -0.67 earnings per share for the current year.

Hedge Funds Weigh In On P3 Health Partners

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cresset Asset Management LLC lifted its position in shares of P3 Health Partners by 33.3% in the first quarter. Cresset Asset Management LLC now owns 200,000 shares of the company’s stock worth $33,000 after purchasing an additional 50,000 shares in the last quarter. Warberg Asset Management LLC boosted its holdings in P3 Health Partners by 1,353.5% during the fourth quarter. Warberg Asset Management LLC now owns 145,346 shares of the company’s stock worth $33,000 after buying an additional 135,346 shares during the last quarter. Abundance Wealth Counselors lifted its holdings in shares of P3 Health Partners by 77.3% during the 1st quarter. Abundance Wealth Counselors now owns 400,000 shares of the company’s stock valued at $66,000 after purchasing an additional 174,395 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of P3 Health Partners during the 4th quarter worth approximately $46,000. Finally, Trinity Financial Advisors LLC increased its holdings in shares of P3 Health Partners by 22.5% during the 1st quarter. Trinity Financial Advisors LLC now owns 1,278,037 shares of the company’s stock worth $222,000 after acquiring an additional 234,500 shares during the last quarter. Institutional investors and hedge funds own 7.75% of the company’s stock.

P3 Health Partners Company Profile

P3 Health Partners Inc, a patient-centered and physician-led population health management company, provides superior care services in the United States. It operates clinics and wellness centers. P3 Health Partners Inc was founded in 2020 and is based in Henderson, Nevada.