Aveanna Healthcare (NASDAQ:AVAH) Shares Gap Up – What’s Next?

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) shares gapped up before the market opened on Wednesday . The stock had previously closed at $4.45, but opened at $4.61. Aveanna Healthcare shares last traded at $4.50, with a volume of 50,424 shares traded.

Analyst Upgrades and Downgrades

Separately, Truist Financial lowered their target price on shares of Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating on the stock in a research report on Monday.

Aveanna Healthcare Trading Down 3.0 %

The company has a market capitalization of $875.31 million, a price-to-earnings ratio of -13.32 and a beta of 2.25. The company’s 50 day simple moving average is $5.13 and its 200-day simple moving average is $4.72.

Aveanna Healthcare (NASDAQ:AVAH) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $509.02 million during the quarter, compared to analysts’ expectations of $495.80 million. During the same quarter last year, the business earned ($0.05) earnings per share. Sell-side analysts anticipate that Aveanna Healthcare Holdings Inc. will post -0.08 EPS for the current year.

Institutional Trading of Aveanna Healthcare

Large investors have recently bought and sold shares of the company. Intech Investment Management LLC bought a new stake in shares of Aveanna Healthcare in the 3rd quarter worth about $69,000. XTX Topco Ltd bought a new position in Aveanna Healthcare during the 3rd quarter worth $92,000. Virtu Financial LLC bought a new stake in Aveanna Healthcare in the third quarter valued at $99,000. SG Americas Securities LLC acquired a new position in shares of Aveanna Healthcare during the third quarter valued at $101,000. Finally, Mackenzie Financial Corp grew its position in shares of Aveanna Healthcare by 35.9% during the second quarter. Mackenzie Financial Corp now owns 45,674 shares of the company’s stock worth $126,000 after acquiring an additional 12,075 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

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.