UBS Group Forecasts Strong Price Appreciation for Aveanna Healthcare (NASDAQ:AVAH) Stock

Aveanna Healthcare (NASDAQ:AVAH) had its price target increased by UBS Group from $3.20 to $4.50 in a report published on Friday,Benzinga reports. The firm currently has a sell rating on the stock.

Separately, Truist Financial dropped their price target on shares of Aveanna Healthcare from $6.00 to $5.25 and set a “hold” rating on the stock in a research note on Monday, January 6th.

Aveanna Healthcare Stock Up 1.0 %

Shares of Aveanna Healthcare stock opened at $5.19 on Friday. The firm has a market capitalization of $1.00 billion, a P/E ratio of -15.26 and a beta of 2.25. Aveanna Healthcare has a 52 week low of $2.11 and a 52 week high of $6.19. The firm’s 50 day moving average is $4.56 and its two-hundred day moving average is $4.96.

Hedge Funds Weigh In On Aveanna Healthcare

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets purchased a new position in shares of Aveanna Healthcare during the fourth quarter worth approximately $35,000. KLP Kapitalforvaltning AS purchased a new position in shares of Aveanna Healthcare during the fourth quarter worth approximately $35,000. Tower Research Capital LLC TRC grew its position in shares of Aveanna Healthcare by 662.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the company’s stock worth $36,000 after acquiring an additional 6,854 shares during the last quarter. Catalyst Funds Management Pty Ltd grew its position in shares of Aveanna Healthcare by 321.4% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 11,800 shares of the company’s stock worth $54,000 after acquiring an additional 9,000 shares during the last quarter. Finally, Sagespring Wealth Partners LLC purchased a new position in shares of Aveanna Healthcare during the fourth quarter worth approximately $57,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

About Aveanna Healthcare

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.