Privia Health Group (NASDAQ:PRVA) Trading Down 5.2% – Time to Sell?

Privia Health Group, Inc. (NASDAQ:PRVA)’s stock price fell 5.2% during mid-day trading on Tuesday . The company traded as low as $20.53 and last traded at $20.74. 139,032 shares were traded during trading, a decline of 83% from the average session volume of 834,722 shares. The stock had previously closed at $21.87.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PRVA shares. Robert W. Baird lifted their target price on Privia Health Group from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Monday, August 26th. Macquarie assumed coverage on shares of Privia Health Group in a research report on Monday. They issued an “outperform” rating and a $25.00 price objective on the stock. KeyCorp began coverage on shares of Privia Health Group in a research report on Friday, October 11th. They issued an “overweight” rating and a $23.00 target price for the company. Truist Financial boosted their price target on shares of Privia Health Group from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Barclays lifted their target price on Privia Health Group from $19.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Privia Health Group has an average rating of “Buy” and a consensus price target of $24.80.

Privia Health Group Trading Down 4.9 %

The business has a 50 day moving average of $20.05 and a two-hundred day moving average of $19.07. The firm has a market cap of $2.49 billion, a P/E ratio of 208.62, a PEG ratio of 5.45 and a beta of 0.83.

Institutional Trading of Privia Health Group

A number of hedge funds have recently modified their holdings of PRVA. Canada Pension Plan Investment Board acquired a new position in Privia Health Group in the 2nd quarter valued at about $26,000. GAMMA Investing LLC grew its position in shares of Privia Health Group by 98.7% in the third quarter. GAMMA Investing LLC now owns 1,701 shares of the company’s stock valued at $31,000 after purchasing an additional 845 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Privia Health Group by 107.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,795 shares of the company’s stock worth $31,000 after purchasing an additional 930 shares during the period. Signaturefd LLC lifted its holdings in Privia Health Group by 46.3% during the 2nd quarter. Signaturefd LLC now owns 1,978 shares of the company’s stock worth $34,000 after purchasing an additional 626 shares during the last quarter. Finally, Quarry LP boosted its stake in Privia Health Group by 344.6% in the 3rd quarter. Quarry LP now owns 3,268 shares of the company’s stock valued at $60,000 after purchasing an additional 2,533 shares during the period. Institutional investors and hedge funds 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.