Afya (NASDAQ:AFYA) Shares Gap Down – Time to Sell?

Shares of Afya Limited (NASDAQ:AFYA) gapped down prior to trading on Wednesday . The stock had previously closed at $15.51, but opened at $14.81. Afya shares last traded at $14.69, with a volume of 21,946 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on AFYA shares. Wall Street Zen lowered Afya from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 20th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $22.00 price objective (down from $24.50) on shares of Afya in a research note on Wednesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Afya in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Afya presently has an average rating of “Hold” and a consensus target price of $18.13.

Afya Trading Down 4.2%

The company’s 50 day moving average is $14.70 and its two-hundred day moving average is $15.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $1.39 billion, a P/E ratio of 10.69, a PEG ratio of 0.50 and a beta of 0.53.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP bought a new stake in shares of Afya in the 3rd quarter valued at approximately $419,000. Qube Research & Technologies Ltd acquired a new stake in shares of Afya in the third quarter valued at $610,000. Doma Perpetual Capital Management LLC raised its holdings in shares of Afya by 50.6% in the third quarter. Doma Perpetual Capital Management LLC now owns 891,639 shares of the company’s stock valued at $13,910,000 after buying an additional 299,419 shares during the last quarter. Lazard Asset Management LLC lifted its position in Afya by 167.6% during the 3rd quarter. Lazard Asset Management LLC now owns 49,399 shares of the company’s stock worth $771,000 after buying an additional 30,936 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Afya during the 3rd quarter worth about $191,000. Institutional investors and hedge funds own 88.02% of the company’s stock.

Afya Company Profile

Afya Ltd. operates as a leading provider of medical education and training services in Brazil. The company offers a comprehensive suite of educational programs that span undergraduate medical degrees, residency exam preparation, continuing medical education (CME) and digital learning platforms. Through a network of partner institutions and its own campus operations, Afya supports students at every stage of the medical training continuum, from enrollment in medical schools to ongoing professional development for practicing physicians.

At the core of Afya’s offerings is its undergraduate medical program, delivered through a combination of in-person courses at affiliated campuses and fully digital curricula.