Addus HomeCare (NASDAQ:ADUS) Sets New 52-Week Low – What’s Next?

Addus HomeCare Corporation (NASDAQ:ADUS)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $94.61 and last traded at $95.0260, with a volume of 25864 shares changing hands. The stock had previously closed at $97.67.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ADUS shares. KeyCorp restated an “overweight” rating on shares of Addus HomeCare in a research report on Wednesday, February 25th. Royal Bank Of Canada reissued an “outperform” rating and issued a $139.00 price objective on shares of Addus HomeCare in a research note on Wednesday, February 25th. Truist Financial set a $135.00 price objective on Addus HomeCare and gave the company a “buy” rating in a report on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Addus HomeCare in a research note on Wednesday, January 21st. Finally, Stephens dropped their target price on shares of Addus HomeCare from $140.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $133.22.

Addus HomeCare Trading Down 2.5%

The company has a market capitalization of $1.77 billion, a PE ratio of 18.27, a PEG ratio of 1.32 and a beta of 0.92. The company has a fifty day simple moving average of $105.75 and a 200-day simple moving average of $111.07. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.11.

Insider Activity

In other Addus HomeCare news, EVP Roberton James Stevenson sold 284 shares of Addus HomeCare stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $105.36, for a total transaction of $29,922.24. Following the transaction, the executive vice president directly owned 14,030 shares of the company’s stock, valued at $1,478,200.80. The trade was a 1.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David W. Tucker sold 379 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $105.36, for a total transaction of $39,931.44. Following the completion of the transaction, the executive vice president owned 10,423 shares in the company, valued at $1,098,167.28. The trade was a 3.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,610 shares of company stock valued at $1,768,970 in the last quarter. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ADUS. TimesSquare Capital Management LLC lifted its stake in shares of Addus HomeCare by 6.2% in the 3rd quarter. TimesSquare Capital Management LLC now owns 418,348 shares of the company’s stock valued at $49,361,000 after purchasing an additional 24,301 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Addus HomeCare by 10.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 55,900 shares of the company’s stock worth $6,439,000 after purchasing an additional 5,110 shares during the last quarter. Public Sector Pension Investment Board increased its position in shares of Addus HomeCare by 14.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 70,827 shares of the company’s stock worth $8,357,000 after purchasing an additional 8,893 shares during the last quarter. Creative Planning raised its holdings in Addus HomeCare by 150.9% in the 2nd quarter. Creative Planning now owns 7,024 shares of the company’s stock valued at $809,000 after buying an additional 4,224 shares during the period. Finally, Tributary Capital Management LLC raised its holdings in Addus HomeCare by 114.1% in the 3rd quarter. Tributary Capital Management LLC now owns 398,122 shares of the company’s stock valued at $46,974,000 after buying an additional 212,192 shares during the period. 95.35% of the stock is currently owned by hedge funds and other institutional investors.

Addus HomeCare Company Profile

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.