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Afya (NASDAQ:AFYA) Shares Gap Down - Here's What Happened

Afya logo with Consumer Discretionary background

Afya Limited (NASDAQ:AFYA - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $16.84, but opened at $15.96. Afya shares last traded at $16.33, with a volume of 14,153 shares traded.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Afya from $25.00 to $20.50 and set a "neutral" rating on the stock in a report on Friday, January 17th. Citigroup reissued a "sell" rating and set a $15.00 target price (down from $18.00) on shares of Afya in a report on Friday. Finally, The Goldman Sachs Group started coverage on shares of Afya in a research note on Tuesday, December 3rd. They issued a "sell" rating and a $16.00 price objective on the stock. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $18.00.

Check Out Our Latest Report on Afya

Afya Trading Up 2.0 %

The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.27 and a beta of 0.90. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.60 and a current ratio of 1.60. The business has a fifty day simple moving average of $15.80 and a 200-day simple moving average of $16.62.

Institutional Investors Weigh In On Afya

A number of institutional investors have recently added to or reduced their stakes in AFYA. State Street Corp raised its holdings in Afya by 118.2% during the 3rd quarter. State Street Corp now owns 73,098 shares of the company's stock worth $1,248,000 after purchasing an additional 39,592 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Afya during the third quarter valued at approximately $842,000. Erste Asset Management GmbH acquired a new position in Afya during the third quarter worth $822,000. Millennium Management LLC raised its holdings in shares of Afya by 45.0% in the 2nd quarter. Millennium Management LLC now owns 291,164 shares of the company's stock worth $5,139,000 after acquiring an additional 90,383 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Afya by 136.9% in the second quarter. Cubist Systematic Strategies LLC now owns 35,254 shares of the company's stock valued at $622,000 after purchasing an additional 20,370 shares in the last quarter. 88.02% of the stock is owned by institutional investors.

Afya Company Profile

(Get Free Report)

Afya Limited, through its subsidiaries, operates as a medical education group in Brazil. The company operates through three segments: Undergrad, Continuing Education, and Digital Services. It offers educational products and services, including medical schools, medical residency preparatory courses, graduate courses, and other programs to lifelong medical learners enrolled across its distribution network, as well as to third-party medical schools.

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