Aveanna Healthcare (NASDAQ:AVAH) Hits New 52-Week High – Here’s Why

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $8.74 and last traded at $8.76, with a volume of 149266 shares. The stock had previously closed at $8.46.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Truist Financial lowered their target price on Aveanna Healthcare from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Wednesday, July 16th. UBS Group raised Aveanna Healthcare from a “sell” rating to a “neutral” rating and increased their price objective for the company from $6.75 to $8.00 in a report on Tuesday, August 19th. Raymond James Financial raised Aveanna Healthcare from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a report on Monday, August 11th. Wall Street Zen raised Aveanna Healthcare from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. Finally, Jefferies Financial Group raised Aveanna Healthcare from a “hold” rating to a “buy” rating and dropped their target price for the stock from $6.25 to $6.00 in a report on Monday, July 21st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $7.92.

Aveanna Healthcare Stock Performance

The firm has a 50 day simple moving average of $6.79 and a 200 day simple moving average of $5.62. The firm has a market cap of $1.83 billion, a P/E ratio of 109.38 and a beta of 2.04.

Hedge Funds Weigh In On Aveanna Healthcare

A number of large investors have recently bought and sold shares of AVAH. Banque Transatlantique SA purchased a new position in shares of Aveanna Healthcare during the first quarter valued at approximately $25,000. BNP Paribas Financial Markets purchased a new position in shares of Aveanna Healthcare during the fourth quarter valued at approximately $35,000. Quantbot Technologies LP purchased a new position in shares of Aveanna Healthcare during the second quarter valued at approximately $43,000. Diversified Trust Co purchased a new position in shares of Aveanna Healthcare during the second quarter valued at approximately $57,000. Finally, Jump Financial LLC purchased a new position in shares of Aveanna Healthcare during the first quarter valued at approximately $59,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Aveanna Healthcare Company Profile

Aveanna Healthcare Holdings Inc, a diversified home care platform company, provides pediatric and adult healthcare services in the United States. Its patient-centered care delivery platform allows patients to remain in their homes and minimizes the overutilization of high-cost care settings, such as hospitals or skilled nursing facilities.