Pier Capital LLC Purchases 10,594 Shares of Privia Health Group, Inc. (NASDAQ:PRVA)

Pier Capital LLC increased its stake in shares of Privia Health Group, Inc. (NASDAQ:PRVA - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400,489 shares of the company's stock after purchasing an additional 10,594 shares during the quarter. Pier Capital LLC owned approximately 0.33% of Privia Health Group worth $7,830,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Park Avenue Securities LLC increased its holdings in shares of Privia Health Group by 3.8% during the fourth quarter. Park Avenue Securities LLC now owns 14,697 shares of the company's stock worth $287,000 after buying an additional 532 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Privia Health Group by 8.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,169 shares of the company's stock worth $140,000 after purchasing an additional 533 shares in the last quarter. First Horizon Advisors Inc. raised its position in Privia Health Group by 53.8% in the fourth quarter. First Horizon Advisors Inc. now owns 1,807 shares of the company's stock valued at $35,000 after purchasing an additional 632 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Privia Health Group by 5.0% during the fourth quarter. HighTower Advisors LLC now owns 19,469 shares of the company's stock valued at $381,000 after purchasing an additional 932 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of Privia Health Group by 6.7% during the fourth quarter. US Bancorp DE now owns 18,058 shares of the company's stock worth $353,000 after purchasing an additional 1,134 shares during the last quarter. Institutional investors own 94.48% of the company's stock.

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Privia Health Group Stock Down 1.4 %

NASDAQ:PRVA traded down $0.33 during trading hours on Friday, reaching $22.59. The company had a trading volume of 757,835 shares, compared to its average volume of 773,534. Privia Health Group, Inc. has a twelve month low of $15.92 and a twelve month high of $26.04. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 225.92, a P/E/G ratio of 3.47 and a beta of 0.85. The business's 50-day simple moving average is $23.80 and its two-hundred day simple moving average is $21.18.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PRVA. Canaccord Genuity Group lifted their target price on shares of Privia Health Group from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Piper Sandler boosted their price objective on shares of Privia Health Group from $25.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Macquarie began coverage on Privia Health Group in a research report on Monday, December 16th. They set an "outperform" rating and a $25.00 target price for the company. JMP Securities set a $29.00 price target on Privia Health Group in a research report on Friday, February 28th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $30.00 price target on shares of Privia Health Group in a research note on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $26.67.

Privia Health Group Company 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.