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

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)’s share price gapped down prior to trading on Monday . The stock had previously closed at $5.35, but opened at $5.23. Aveanna Healthcare shares last traded at $5.27, with a volume of 28,802 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AVAH shares. Deutsche Bank Aktiengesellschaft raised their price objective on Aveanna Healthcare from $3.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, August 9th. UBS Group lifted their price objective on shares of Aveanna Healthcare from $1.70 to $2.80 and gave the stock a “sell” rating in a research note on Friday, August 9th. Finally, Royal Bank of Canada boosted their price objective on shares of Aveanna Healthcare from $3.00 to $5.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th.

Aveanna Healthcare Stock Down 3.6 %

The stock has a market cap of $983.06 million, a P/E ratio of -8.53 and a beta of 2.12. The business has a 50 day moving average price of $5.22 and a 200 day moving average price of $3.71.

Aveanna Healthcare (NASDAQ:AVAH) last released its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $504.96 million during the quarter, compared to analysts’ expectations of $494.02 million. On average, research analysts expect that Aveanna Healthcare Holdings Inc. will post -0.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aveanna Healthcare

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in Aveanna Healthcare in the third quarter worth approximately $101,000. Acadian Asset Management LLC increased its position in Aveanna Healthcare by 185.6% during the 1st quarter. Acadian Asset Management LLC now owns 29,385 shares of the company’s stock valued at $72,000 after buying an additional 19,096 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Aveanna Healthcare by 35.9% in the 2nd quarter. Mackenzie Financial Corp now owns 45,674 shares of the company’s stock valued at $126,000 after purchasing an additional 12,075 shares during the last quarter. Creative Planning increased its stake in Aveanna Healthcare by 21.3% during the 3rd quarter. Creative Planning now owns 48,502 shares of the company’s stock valued at $252,000 after purchasing an additional 8,502 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Aveanna Healthcare by 6.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 149,761 shares of the company’s stock worth $413,000 after acquiring an additional 9,243 shares during the last quarter. Institutional investors 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.