Jeffrey J. Scherman Sells 1,368 Shares of NeueHealth, Inc. (NYSE:NEUE) Stock

NeueHealth, Inc. (NYSE:NEUE) CAO Jeffrey J. Scherman sold 1,368 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $7.33, for a total transaction of $10,027.44. Following the completion of the sale, the chief accounting officer now directly owns 5,942 shares in the company, valued at approximately $43,554.86. The trade was a 18.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

NeueHealth Stock Performance

Shares of NEUE stock opened at $7.45 on Friday. NeueHealth, Inc. has a 52-week low of $3.79 and a 52-week high of $16.59. The business’s fifty day moving average is $5.56 and its 200 day moving average is $5.40. The company has a market capitalization of $61.72 million, a PE ratio of -0.15 and a beta of 0.57.

Institutional Trading of NeueHealth

Several institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC bought a new position in shares of NeueHealth in the second quarter worth approximately $312,000. Partners Group Holding AG purchased a new position in NeueHealth in the 3rd quarter worth approximately $463,000. Deer Management Co. LLC bought a new position in shares of NeueHealth in the 2nd quarter worth $5,436,000. Finally, NEA Management Company LLC purchased a new stake in shares of NeueHealth during the 2nd quarter valued at $14,834,000. Hedge funds and other institutional investors own 63.88% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lowered their target price on shares of NeueHealth from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research note on Monday, December 9th.

NeueHealth Company Profile

NeueHealth, Inc, a healthcare company, provides various healthcare services for health consumers, providers, and payors in the United States. It operates through two segments: NeueCare and NeueSolutions. The NeueCare segment delivers healthcare services to ACA marketplace, medicare, and medicaid through owned and affiliated clinics.