Aveanna Healthcare (NASDAQ:AVAH) Shares Gap Down – Should You Sell?

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) shares gapped down before the market opened on Monday . The stock had previously closed at $5.35, but opened at $5.23. Aveanna Healthcare shares last traded at $5.27, with a volume of 28,802 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AVAH shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Aveanna Healthcare from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Royal Bank of Canada raised their price objective on Aveanna Healthcare from $3.00 to $5.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Finally, UBS Group upped their price objective on shares of Aveanna Healthcare from $1.70 to $2.80 and gave the stock a “sell” rating in a report on Friday, August 9th.

Aveanna Healthcare Trading Down 3.6 %

The stock has a market cap of $983.06 million, a PE ratio of -8.53 and a beta of 2.12. The company has a fifty day moving average of $5.22 and a 200-day moving average of $3.71.

Aveanna Healthcare (NASDAQ:AVAH) last announced its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. The business had revenue of $504.96 million for the quarter, compared to analysts’ expectations of $494.02 million. As a group, research analysts anticipate that Aveanna Healthcare Holdings Inc. will post -0.09 earnings per share for the current fiscal year.

Institutional Trading of Aveanna Healthcare

A number of institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in Aveanna Healthcare during the third quarter worth approximately $101,000. Acadian Asset Management LLC increased its stake in Aveanna Healthcare by 185.6% in the first quarter. Acadian Asset Management LLC now owns 29,385 shares of the company’s stock valued at $72,000 after purchasing an additional 19,096 shares during the period. Mackenzie Financial Corp increased its position in Aveanna Healthcare by 35.9% in the 2nd quarter. Mackenzie Financial Corp now owns 45,674 shares of the company’s stock valued at $126,000 after acquiring an additional 12,075 shares during the period. Creative Planning raised its stake in shares of Aveanna Healthcare by 21.3% during the third quarter. Creative Planning now owns 48,502 shares of the company’s stock worth $252,000 after purchasing an additional 8,502 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Aveanna Healthcare by 6.6% during the second quarter. Bank of New York Mellon Corp now owns 149,761 shares of the company’s stock worth $413,000 after purchasing an additional 9,243 shares during the period. 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.