AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report) shares shot up 6.3% during mid-day trading on Monday . The company traded as high as $39.42 and last traded at $39.22. 139,606 shares traded hands during trading, a decline of 82% from the average session volume of 791,873 shares. The stock had previously closed at $36.90.
Analysts Set New Price Targets
Several brokerages have issued reports on AMN. BMO Capital Markets boosted their price objective on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the company an "outperform" rating in a research note on Monday, August 12th. Benchmark reiterated a "hold" rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. Truist Financial reduced their target price on AMN Healthcare Services from $70.00 to $50.00 and set a "buy" rating on the stock in a report on Monday, October 21st. Bank of America cut shares of AMN Healthcare Services from a "neutral" rating to an "underperform" rating and decreased their price target for the stock from $65.00 to $48.00 in a research report on Monday, October 7th. Finally, JMP Securities lowered their target price on AMN Healthcare Services from $66.00 to $57.00 and set a "market outperform" rating for the company in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $58.20.
Get Our Latest Research Report on AMN Healthcare Services
AMN Healthcare Services Trading Up 4.1 %
The firm's 50-day simple moving average is $43.63 and its 200 day simple moving average is $51.63. The stock has a market cap of $1.46 billion, a P/E ratio of 15.14 and a beta of 0.13. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36.
AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.22. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The business had revenue of $740.69 million during the quarter, compared to analyst estimates of $740.43 million. During the same period in the prior year, the company posted $2.38 EPS. The business's revenue for the quarter was down 25.3% compared to the same quarter last year. As a group, equities research analysts anticipate that AMN Healthcare Services, Inc. will post 3.15 earnings per share for the current year.
Insider Buying and Selling
In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm's stock in a transaction that occurred on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total transaction of $90,810.90. Following the transaction, the chief financial officer now owns 37,550 shares in the company, valued at $1,385,595. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.93% of the company's stock.
Institutional Investors Weigh In On AMN Healthcare Services
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mather Group LLC. purchased a new stake in shares of AMN Healthcare Services during the second quarter valued at $31,000. Nisa Investment Advisors LLC increased its position in shares of AMN Healthcare Services by 41.4% in the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company's stock worth $38,000 after acquiring an additional 219 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of AMN Healthcare Services during the first quarter valued at approximately $58,000. GAMMA Investing LLC boosted its stake in AMN Healthcare Services by 232.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,160 shares of the company's stock worth $59,000 after purchasing an additional 811 shares during the period. Finally, Farther Finance Advisors LLC grew its position in AMN Healthcare Services by 455.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company's stock worth $63,000 after purchasing an additional 1,224 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.
AMN Healthcare Services Company Profile
(
Get Free Report)
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.
See Also
Before you consider AMN Healthcare Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AMN Healthcare Services wasn't on the list.
While AMN Healthcare Services currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
