Parth Mehrotra Sells 27,229 Shares of Privia Health Group (NASDAQ:PRVA) Stock

Privia Health Group, Inc. (NASDAQ:PRVA) CEO Parth Mehrotra sold 27,229 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $21.52, for a total transaction of $585,968.08. Following the transaction, the chief executive officer owned 581,952 shares in the company, valued at approximately $12,523,607.04. This represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Parth Mehrotra also recently made the following trade(s):

• On Thursday, March 12th, Parth Mehrotra sold 26,763 shares of Privia Health Group stock. The stock was sold at an average price of $21.90, for a total value of $586,109.70.
• On Tuesday, March 10th, Parth Mehrotra sold 21,097 shares of Privia Health Group stock. The stock was sold at an average price of $22.71, for a total value of $479,112.87.
• On Monday, March 9th, Parth Mehrotra sold 41,999 shares of Privia Health Group stock. The shares were sold at an average price of $22.86, for a total value of $960,097.14.
• On Friday, March 6th, Parth Mehrotra sold 21,440 shares of Privia Health Group stock. The stock was sold at an average price of $23.15, for a total value of $496,336.00.

Privia Health Group Price Performance

PRVA opened at $22.10 on Wednesday. Privia Health Group, Inc. has a fifty-two week low of $18.77 and a fifty-two week high of $26.51. The business has a 50-day moving average of $22.80 and a 200-day moving average of $23.61. The company has a market capitalization of $2.73 billion, a PE ratio of 130.00, a price-to-earnings-growth ratio of 1.38 and a beta of 0.82.

Privia Health Group (NASDAQ:PRVA) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.04 by $0.21. Privia Health Group had a return on equity of 3.06% and a net margin of 1.08%.The business had revenue of $541.17 million during the quarter, compared to analysts’ expectations of $516.61 million. During the same quarter in the previous year, the business posted $0.21 EPS. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, equities research analysts expect that Privia Health Group, Inc. will post 0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

PRVA has been the topic of several analyst reports. Truist Financial increased their price target on shares of Privia Health Group from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Piper Sandler reaffirmed an “overweight” rating and issued a $36.00 price objective on shares of Privia Health Group in a research note on Thursday, February 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Privia Health Group in a report on Monday, December 29th. Jefferies Financial Group restated a “buy” rating and set a $32.00 target price on shares of Privia Health Group in a report on Thursday, February 26th. Finally, Wolfe Research set a $31.00 price target on Privia Health Group in a research report on Tuesday, January 6th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Privia Health Group presently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Hedge Funds Weigh In On Privia Health Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Alliance LLC boosted its position in shares of Privia Health Group by 4.4% during the 3rd quarter. Wealth Alliance LLC now owns 11,979 shares of the company’s stock valued at $298,000 after acquiring an additional 508 shares in the last quarter. Arizona State Retirement System increased its stake in Privia Health Group by 1.9% in the third quarter. Arizona State Retirement System now owns 28,835 shares of the company’s stock valued at $718,000 after acquiring an additional 524 shares during the period. Bank of Montreal Can raised its position in Privia Health Group by 1.9% in the second quarter. Bank of Montreal Can now owns 28,694 shares of the company’s stock worth $660,000 after purchasing an additional 543 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in Privia Health Group by 1.1% in the third quarter. Illinois Municipal Retirement Fund now owns 55,501 shares of the company’s stock worth $1,382,000 after purchasing an additional 585 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Privia Health Group by 9.6% during the third quarter. PNC Financial Services Group Inc. now owns 7,731 shares of the company’s stock worth $193,000 after purchasing an additional 675 shares during the period. 94.48% of the stock is owned by institutional investors.

Privia Health Group Company Profile

Privia Health Group (NASDAQ: PRVA) is a physician enablement company that partners with independent physicians, medical groups and health systems to transform the delivery of patient care. Through a clinically integrated network and a proprietary technology platform, the company supports providers in managing population health, delivering coordinated care and optimizing financial performance under both fee-for-service and value-based reimbursement models.

Founded in 2016 and headquartered in McLean, Virginia, Privia Health has rapidly expanded its footprint to serve multiple metropolitan markets across the United States.