Jay Matushak Sells 4,970 Shares of NeueHealth, Inc. (NYSE:NEUE) Stock

NeueHealth, Inc. (NYSE:NEUE) CFO Jay Matushak sold 4,970 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $7.33, for a total value of $36,430.10. Following the completion of the sale, the chief financial officer now directly owns 17,747 shares in the company, valued at approximately $130,085.51. The trade was a 21.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

NeueHealth Price Performance

NeueHealth stock opened at $7.45 on Friday. The stock has a market capitalization of $61.72 million, a P/E ratio of -0.15 and a beta of 0.57. NeueHealth, Inc. has a 12-month low of $3.79 and a 12-month high of $16.59. The firm’s 50-day moving average is $5.56 and its two-hundred day moving average is $5.40.

Institutional Trading of NeueHealth

A number of hedge funds have recently bought and sold shares of the company. NEA Management Company LLC purchased a new position in shares of NeueHealth during the 2nd quarter worth $14,834,000. Deer Management Co. LLC purchased a new position in NeueHealth during the second quarter worth about $5,436,000. Partners Group Holding AG acquired a new stake in NeueHealth in the 3rd quarter worth about $463,000. Finally, Renaissance Technologies LLC purchased a new stake in NeueHealth in the 2nd quarter valued at about $312,000. Institutional investors and hedge funds own 63.88% of the company’s stock.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reduced their price objective on NeueHealth from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research report on Monday, December 9th.

About NeueHealth

NeueHealth, Inc, a healthcare company, provides various healthcare services for health consumers, providers, and payors in the United States. It operates through two segments: NeueCare and NeueSolutions. The NeueCare segment delivers healthcare services to ACA marketplace, medicare, and medicaid through owned and affiliated clinics.