Squarepoint Ops LLC Invests $417,000 in Privia Health Group, Inc. (NASDAQ:PRVA)

Squarepoint Ops LLC bought a new position in Privia Health Group, Inc. (NASDAQ:PRVA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 23,985 shares of the company’s stock, valued at approximately $417,000.

A number of other large investors have also recently bought and sold shares of PRVA. Canada Pension Plan Investment Board acquired a new stake in shares of Privia Health Group during the 2nd quarter valued at about $26,000. Nisa Investment Advisors LLC grew 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 increased its stake in Privia Health Group by 46.3% in the second quarter. Signaturefd LLC now owns 1,978 shares of the company’s stock valued at $34,000 after purchasing an additional 626 shares in the last quarter. Park Place Capital Corp raised its stake in Privia Health Group by 115.4% during the 1st quarter. Park Place Capital Corp now owns 2,492 shares of the company’s stock worth $49,000 after buying an additional 1,335 shares during the period. Finally, Covestor Ltd increased its stake in Privia Health Group by 25.5% during the 1st quarter. Covestor Ltd now owns 5,292 shares of the company’s stock worth $104,000 after purchasing an additional 1,076 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Privia Health Group Stock Up 1.8 %

PRVA opened at $17.12 on Friday. The company has a market capitalization of $2.04 billion, a PE ratio of 114.13, a price-to-earnings-growth ratio of 4.14 and a beta of 0.76. Privia Health Group, Inc. has a 52 week low of $15.92 and a 52 week high of $24.35. The firm has a 50-day simple moving average of $18.94 and a two-hundred day simple moving average of $18.36.

Privia Health Group (NASDAQ:PRVA) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The firm had revenue of $422.30 million during the quarter, compared to analysts’ expectations of $411.50 million. Privia Health Group had a return on equity of 2.42% and a net margin of 0.88%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the company earned $0.06 earnings per share. As a group, sell-side analysts expect that Privia Health Group, Inc. will post 0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

PRVA has been the topic of several analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $28.00 target price on shares of Privia Health Group in a report on Wednesday, August 14th. Robert W. Baird upped their price target on shares of Privia Health Group from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Monday, August 26th. Finally, Evercore ISI cut their price objective on shares of Privia Health Group from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 9th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.86.

Insider Transactions at Privia Health Group

In other Privia Health Group news, CEO Parth Mehrotra sold 135,142 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $18.50, for a total transaction of $2,500,127.00. Following the completion of the sale, the chief executive officer now directly owns 247,771 shares in the company, valued at approximately $4,583,763.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 14.20% of the company’s stock.

Privia Health Group 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.