Privia Health Group, Inc. (NASDAQ:PRVA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Privia Health Group, Inc. (NASDAQ:PRVA) has been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $28.9091.

A number of research firms have issued reports on PRVA. Evercore ISI cut their target price on shares of Privia Health Group from $30.00 to $28.00 and set an “outperform” rating for the company in a research report on Wednesday, July 9th. Zacks Research upgraded shares of Privia Health Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Piper Sandler cut their target price on shares of Privia Health Group from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, August 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Privia Health Group in a research report on Wednesday, October 8th. Finally, JMP Securities raised their price target on shares of Privia Health Group from $29.00 to $30.00 and gave the company a “market outperform” rating in a report on Friday, August 29th.

Privia Health Group Stock Up 2.8%

PRVA stock opened at $24.81 on Friday. Privia Health Group has a 12-month low of $17.36 and a 12-month high of $26.09. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 225.57, a PEG ratio of 3.29 and a beta of 0.83. The company has a 50 day moving average of $22.66 and a two-hundred day moving average of $22.48.

Privia Health Group (NASDAQ:PRVA) last released its earnings results on Tuesday, June 7th. The company reported $0.10 earnings per share (EPS) for the quarter. Privia Health Group had a net margin of 0.78% and a return on equity of 2.13%. The company had revenue of $213.61 million during the quarter. On average, research analysts anticipate that Privia Health Group will post 0.14 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PRVA. GAMMA Investing LLC raised its holdings in shares of Privia Health Group by 4,683.8% during the 1st quarter. GAMMA Investing LLC now owns 64,342 shares of the company’s stock valued at $1,444,000 after purchasing an additional 62,997 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Privia Health Group by 2.5% during the 1st quarter. Rhumbline Advisers now owns 294,353 shares of the company’s stock valued at $6,608,000 after purchasing an additional 7,153 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of Privia Health Group by 3.6% during the 1st quarter. Park Avenue Securities LLC now owns 15,229 shares of the company’s stock valued at $342,000 after purchasing an additional 532 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Privia Health Group by 27.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 31,509 shares of the company’s stock valued at $707,000 after purchasing an additional 6,804 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Privia Health Group by 4.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 55,371 shares of the company’s stock valued at $1,243,000 after purchasing an additional 2,413 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Privia Health Group Company Profile

Privia Health Group, Inc operates as a national physician-enablement company in the United States. The company collaborates with medical groups, health plans, and health systems to optimize physician practices, enhance patient experiences, and reward doctors for delivering care in-person and virtual settings.