Privia Health Group, Inc. (NASDAQ:PRVA) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Privia Health Group, Inc. (NASDAQ:PRVA) has earned a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $31.00.

A number of research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Privia Health Group in a research report on Tuesday, September 29th. Citigroup reaffirmed a “buy” rating on shares of Privia Health Group in a research report on Thursday, July 23rd. Zacks Research raised shares of Privia Health Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Canaccord Genuity Group set a $32.00 price objective on shares of Privia Health Group in a research note on Friday, August 7th.

Hedge Funds Weigh In On Privia Health Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Counterpoint Mutual Funds LLC increased its holdings in Privia Health Group by 69.5% during the third quarter. Counterpoint Mutual Funds LLC now owns 23,787 shares of the company’s stock worth $468,000 after buying an additional 9,751 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in Privia Health Group by 65.1% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,739,427 shares of the company’s stock worth $34,249,000 after acquiring an additional 686,156 shares during the period. GAMMA Investing LLC raised its position in Privia Health Group by 33.5% in the third quarter. GAMMA Investing LLC now owns 6,432 shares of the company’s stock worth $127,000 after acquiring an additional 1,613 shares during the period. Central Pacific Bank Trust Division raised its position in Privia Health Group by 68.6% in the third quarter. Central Pacific Bank Trust Division now owns 11,801 shares of the company’s stock worth $232,000 after acquiring an additional 4,800 shares during the period. Finally, QRG Capital Management Inc. purchased a new position in Privia Health Group in the second quarter valued at about $505,000. 94.48% of the stock is owned by hedge funds and other institutional investors.

Privia Health Group Stock Performance

Shares of NASDAQ PRVA opened at $22.44 on Tuesday. Privia Health Group has a fifty-two week low of $18.92 and a fifty-two week high of $28.82. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 106.86 and a beta of 0.80. The firm’s 50-day simple moving average is $20.75 and its 200 day simple moving average is $22.80.

Privia Health Group (NASDAQ:PRVA) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.12. The business had revenue of $632.63 million for the quarter, compared to analysts’ expectations of $597.33 million. Privia Health Group had a return on equity of 3.52% and a net margin of 1.19%. The business’s revenue was up 21.4% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. On average, sell-side analysts predict that Privia Health Group will post 0.27 EPS for the current year.

About Privia Health Group

Privia Health Group, Inc is a physician-enablement company that supports independent medical practices through technology, administrative services and value-based care programs. The company partners with physicians and medical groups to help them manage clinical operations, improve patient outcomes and participate in alternative payment arrangements with health insurers and employers.

Its platform includes practice management and electronic health record tools, data analytics, population health management, care coordination, revenue cycle support, payer contracting and centralized administrative services.