P3 Health Partners (NASDAQ:PIII) Stock Price Down 3.4% – Should You Sell?

P3 Health Partners Inc. (NASDAQ:PIII)’s stock price was down 3.4% on Tuesday . The stock traded as low as $6.78 and last traded at $6.79. Approximately 5,404 shares changed hands during trading, a decline of 73% from the average daily volume of 20,383 shares. The stock had previously closed at $7.03.

Analysts Set New Price Targets

Separately, Lake Street Capital cut their price objective on P3 Health Partners from $50.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, April 21st.

P3 Health Partners Price Performance

The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.11. The firm has a market cap of $48.81 million, a P/E ratio of -8.08 and a beta of 0.94. The company has a fifty day moving average price of $8.41 and a two-hundred day moving average price of $9.59.

P3 Health Partners (NASDAQ:PIII) last released its earnings results on Thursday, May 15th. The company reported ($6.28) EPS for the quarter, missing the consensus estimate of ($5.00) by ($1.28). The firm had revenue of $373.23 million during the quarter, compared to the consensus estimate of $362.09 million. P3 Health Partners had a negative net margin of 6.95% and a negative return on equity of 71.31%. Equities analysts anticipate that P3 Health Partners Inc. will post -0.67 earnings per share for the current year.

Institutional Investors Weigh In On P3 Health Partners

Several institutional investors have recently bought and sold shares of PIII. Wealthedge Investment Advisors LLC bought a new stake in P3 Health Partners in the 4th quarter valued at approximately $83,000. Trinity Financial Advisors LLC increased its position in shares of P3 Health Partners by 22.5% during the 1st quarter. Trinity Financial Advisors LLC now owns 1,278,037 shares of the company’s stock worth $222,000 after purchasing an additional 234,500 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of P3 Health Partners during the 4th quarter worth approximately $46,000. Abundance Wealth Counselors increased its position in shares of P3 Health Partners by 77.3% during the 1st quarter. Abundance Wealth Counselors now owns 400,000 shares of the company’s stock worth $66,000 after purchasing an additional 174,395 shares during the last quarter. Finally, Warberg Asset Management LLC increased its position in shares of P3 Health Partners by 1,353.5% during the 4th quarter. Warberg Asset Management LLC now owns 145,346 shares of the company’s stock worth $33,000 after purchasing an additional 135,346 shares during the last quarter. Institutional investors own 7.75% of the company’s stock.

About P3 Health Partners

P3 Health Partners Inc, a patient-centered and physician-led population health management company, provides superior care services in the United States. It operates clinics and wellness centers. P3 Health Partners Inc was founded in 2020 and is based in Henderson, Nevada.