Addus HomeCare (NASDAQ:ADUS) Cut to Buy at Wall Street Zen

Addus HomeCare (NASDAQ:ADUS) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Sunday.

A number of other analysts have also weighed in on ADUS. Truist Financial set a $135.00 price target on shares of Addus HomeCare and gave the stock a “buy” rating in a research note on Wednesday, January 7th. TD Cowen restated a “buy” rating on shares of Addus HomeCare in a research report on Wednesday, November 5th. BMO Capital Markets assumed coverage on shares of Addus HomeCare in a report on Thursday, November 13th. They set a “market perform” rating and a $120.00 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Addus HomeCare in a research note on Wednesday, January 21st. Finally, Barclays boosted their target price on shares of Addus HomeCare from $111.00 to $117.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Addus HomeCare presently has an average rating of “Moderate Buy” and a consensus price target of $135.44.

Addus HomeCare Stock Performance

Shares of ADUS stock opened at $113.80 on Friday. The firm’s 50 day moving average price is $109.72 and its 200-day moving average price is $112.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.66 and a current ratio of 1.66. Addus HomeCare has a one year low of $88.96 and a one year high of $124.43. The firm has a market cap of $2.10 billion, a P/E ratio of 24.37, a P/E/G ratio of 1.37 and a beta of 0.91.

Insider Transactions at Addus HomeCare

In related news, EVP Darby Anderson sold 20,000 shares of Addus HomeCare stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $109.00, for a total value of $2,180,000.00. Following the completion of the transaction, the executive vice president directly owned 44,144 shares in the company, valued at approximately $4,811,696. This trade represents a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 20,316 shares of company stock worth $2,215,998 in the last quarter. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Addus HomeCare

Several large investors have recently modified their holdings of ADUS. Global Retirement Partners LLC raised its stake in shares of Addus HomeCare by 395.7% during the fourth quarter. Global Retirement Partners LLC now owns 233 shares of the company’s stock valued at $25,000 after acquiring an additional 186 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Addus HomeCare by 133.3% in the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock valued at $28,000 after acquiring an additional 136 shares during the period. Acumen Wealth Advisors LLC acquired a new stake in Addus HomeCare during the 4th quarter valued at approximately $29,000. Private Trust Co. NA grew its position in shares of Addus HomeCare by 65.5% in the fourth quarter. Private Trust Co. NA now owns 283 shares of the company’s stock valued at $30,000 after purchasing an additional 112 shares during the period. Finally, AlphaQuest LLC acquired a new stake in shares of Addus HomeCare during the 3rd quarter worth approximately $37,000. Institutional investors 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.