Privia Health Group Inc (NASDAQ: PRVA) is -3.04% lower on its value in year-to-date trading and has touched a low of $19.17 and a high of $30.15 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PRVA stock was last observed hovering at around $21.50 in the last trading session, with the day’s gains setting it 0.83%.
Currently trading at $22.33, the stock is 6.30% and 3.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing 3.86% at the moment leaves the stock -5.36% off its SMA200. PRVA registered -21.43% loss for a year compared to 6-month loss of -13.32%. The firm has a 50-day simple moving average (SMA 50) of $1.37 and a 200-day simple moving average (SMA200) of $83.38.
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The stock witnessed a 11.65% gain in the last 1 month and extending the period to 3 months gives it a 6.84%, and is 0.04% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.97% over the week and 4.39% over the month.
Privia Health Group Inc (PRVA) has around 1102 employees, a market worth around $2.65B and $1.66B in sales. Current P/E ratio is 120.57 and Fwd P/E is 66.96. Profit margin for the company is 1.39%. Distance from 52-week low is 16.45% and -25.94% from its 52-week high. The company has generated returns on investments over the last 12 months (4.07%).
Privia Health Group Inc quarterly earnings per share for the current quarter are estimated at $0.05 with sales reaching $682.4M over the same period.The EPS is expected to grow by 36.81% this year, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to grow 3.60% in year-over-year returns.
310 institutions hold shares in Privia Health Group Inc (PRVA), with institutional investors hold 105.24% of the company’s shares. The shares outstanding are 118.22M, and float is at 102.06M with Short Float at 6.46%. Institutions hold 96.16% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 14.77 million shares valued at $385.59 million. The investor’s holdings represent 12.58% of the PRVA Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 13.94 million shares valued at $363.94 million to account for 11.88% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 10.95 million shares representing 9.33% and valued at over $285.97 million, while Durable Capital Partners Lp holds 7.75% of the shares totaling 9.09 million with a market value of $237.36 million.
Privia Health Group Inc (PRVA) Insider Activity
The most recent transaction is an insider sale by Sullivan William M, the company’s Director. SEC filings show that Sullivan William M sold 12,000 shares of the company’s common stock on Jan 25 ’24 at a price of $23.13 per share for a total of $0.28 million. Following the sale, the insider now owns 5.45 million shares.
Privia Health Group Inc disclosed in a document filed with the SEC on Jan 24 ’24 that Sullivan William M (Director) sold a total of 9,951 shares of the company’s common stock. The trade occurred on Jan 24 ’24 and was made at $23.03 per share for $0.23 million. Following the transaction, the insider now directly holds 5.46 million shares of the PRVA stock.
Still, SEC filings show that on Dec 28 ’23, Sullivan William M (Director) disposed off 12,000 shares at an average price of $23.97 for $0.29 million. The insider now directly holds 5,474,484 shares of Privia Health Group Inc (PRVA).
