Addus HomeCare (NASDAQ:ADUS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Addus HomeCare (NASDAQ:ADUS) from a buy rating to a strong-buy rating in a research report released on Saturday morning.

ADUS has been the topic of several other research reports. BMO Capital Markets began coverage on Addus HomeCare in a report on Thursday, November 13th. They set a “market perform” rating and a $120.00 price objective on the stock. Barclays raised their price target on Addus HomeCare from $111.00 to $117.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 4th. TD Cowen reaffirmed a “buy” rating on shares of Addus HomeCare in a research report on Wednesday, November 5th. Truist Financial set a $135.00 price objective on Addus HomeCare and gave the company a “buy” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Addus HomeCare in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $135.44.

Addus HomeCare Stock Performance

Shares of ADUS opened at $103.71 on Friday. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91. Addus HomeCare has a 52-week low of $88.96 and a 52-week high of $124.43. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average price of $110.09 and a 200 day moving average price of $112.86.

Insider Activity at Addus HomeCare

In related news, EVP Darby Anderson sold 20,000 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $109.00, for a total transaction of $2,180,000.00. Following the completion of the sale, the executive vice president directly owned 44,144 shares of the company’s stock, valued at $4,811,696. This trade represents a 31.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 20,316 shares of company stock worth $2,215,998 in the last three months. 4.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Addus HomeCare

A number of large investors have recently bought and sold shares of the company. Global Retirement Partners LLC boosted its holdings in shares of Addus HomeCare by 395.7% in the fourth quarter. Global Retirement Partners LLC now owns 233 shares of the company’s stock valued at $25,000 after acquiring an additional 186 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Addus HomeCare by 133.3% in the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock valued at $28,000 after purchasing an additional 136 shares in the last quarter. Private Trust Co. NA increased its position in Addus HomeCare by 65.5% during the 4th quarter. Private Trust Co. NA now owns 283 shares of the company’s stock worth $30,000 after purchasing an additional 112 shares during the period. AlphaQuest LLC purchased a new position in shares of Addus HomeCare during the 3rd quarter worth approximately $37,000. Finally, Wexford Capital LP acquired a new stake in shares of Addus HomeCare in the 3rd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Addus HomeCare Company Profile

Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.