Aveanna Healthcare (NASDAQ:AVAH) Shares Gap Down - What's Next?

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $5.35, but opened at $5.23. Aveanna Healthcare shares last traded at $5.27, with a volume of 28,802 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have recently commented on AVAH shares. Royal Bank of Canada increased their price target on Aveanna Healthcare from $3.00 to $5.00 and gave the company a "sector perform" rating in a research note on Friday, August 9th. UBS Group increased their price target on Aveanna Healthcare from $1.70 to $2.80 and gave the company a "sell" rating in a research note on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Aveanna Healthcare from $3.00 to $5.00 and gave the company a "buy" rating in a research note on Friday, August 9th.

Aveanna Healthcare Trading Down 1.9 %

The firm has a market capitalization of $1.01 billion, a P/E ratio of -8.75 and a beta of 2.12. The company has a 50-day moving average of $5.20 and a 200-day moving average of $3.69.

Aveanna Healthcare (NASDAQ:AVAH - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.03. The company had revenue of $504.96 million for the quarter, compared to the consensus estimate of $494.02 million. Research analysts predict that Aveanna Healthcare Holdings Inc. will post -0.09 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AVAH. Acadian Asset Management LLC grew its holdings in Aveanna Healthcare by 185.6% during the 1st quarter. Acadian Asset Management LLC now owns 29,385 shares of the company's stock worth $72,000 after acquiring an additional 19,096 shares during the period. SG Americas Securities LLC acquired a new stake in Aveanna Healthcare during the 3rd quarter worth about $101,000. Mackenzie Financial Corp grew its holdings in Aveanna Healthcare by 35.9% during the 2nd quarter. Mackenzie Financial Corp now owns 45,674 shares of the company's stock worth $126,000 after acquiring an additional 12,075 shares during the period. Creative Planning grew its holdings in Aveanna Healthcare by 21.3% during the 3rd quarter. Creative Planning now owns 48,502 shares of the company's stock worth $252,000 after acquiring an additional 8,502 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Aveanna Healthcare by 6.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 149,761 shares of the company's stock worth $413,000 after acquiring an additional 9,243 shares during the period. 87.96% of the stock is owned by institutional investors.

Aveanna Healthcare Company Profile

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.