Alignment Healthcare, Inc. (NASDAQ:ALHC – Get Free Report)’s inventory value dropped 9% on Tuesday . The inventory traded as little as $10.71 and final traded at $10.76. Roughly 320,465 shares modified palms throughout buying and selling, a decline of 66% from the common every day quantity of 951,762 shares. The inventory had beforehand closed at $11.82.
Wall Avenue Analysts Forecast Development
A variety of analysis analysts just lately issued studies on the inventory. Robert W. Baird raised their value goal on shares of Alignment Healthcare from $10.00 to $11.00 and gave the corporate an “outperform” ranking in a report on Wednesday, August 14th. Piper Sandler restated an “obese” ranking and issued a $10.00 value goal (up from $8.00) on shares of Alignment Healthcare in a analysis report on Tuesday, August sixth. Stifel Nicolaus lifted their value goal on shares of Alignment Healthcare from $9.00 to $12.00 and gave the inventory a “purchase” ranking in a report on Friday, July twenty sixth. TD Cowen elevated their value goal on Alignment Healthcare from $8.00 to $10.00 and gave the corporate a “purchase” ranking in a report on Tuesday, August sixth. Lastly, Barclays lifted their goal value on Alignment Healthcare from $4.50 to $7.00 and gave the inventory an “underweight” ranking in a report on Monday, August fifth. One equities analysis analyst has rated the inventory with a promote ranking, two have issued a maintain ranking, six have issued a purchase ranking and two have assigned a powerful purchase ranking to the corporate’s inventory. In accordance with MarketBeat, the inventory has a consensus ranking of “Average Purchase” and a consensus value goal of $9.83.
Learn Our Newest Evaluation on Alignment Healthcare
Alignment Healthcare Inventory Efficiency
The inventory has a fifty day easy shifting common of $9.65 and a two-hundred day easy shifting common of $7.75. The corporate has a debt-to-equity ratio of 1.70, a fast ratio of 1.61 and a present ratio of 1.61. The inventory has a market capitalization of $1.90 billion, a price-to-earnings ratio of -12.42 and a beta of 1.43.
Alignment Healthcare (NASDAQ:ALHC – Get Free Report) final launched its earnings outcomes on Thursday, August 1st. The corporate reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.01. Alignment Healthcare had a detrimental return on fairness of 101.10% and a detrimental web margin of 6.85%. The enterprise had income of $681.29 million in the course of the quarter, in comparison with analysts’ expectations of $637.66 million. Throughout the identical quarter final yr, the agency posted ($0.15) earnings per share. The agency’s income was up 47.3% on a year-over-year foundation. Analysts forecast that Alignment Healthcare, Inc. will publish -0.67 earnings per share for the present fiscal yr.
Insider Exercise
In associated information, CFO Robert Thomas Freeman bought 38,858 shares of the inventory in a transaction on Friday, July nineteenth. The shares had been bought at a median value of $10.01, for a complete transaction of $388,968.58. Following the transaction, the chief monetary officer now instantly owns 414,429 shares of the corporate’s inventory, valued at $4,148,434.29. The sale was disclosed in a authorized submitting with the SEC, which may be accessed via this hyperlink. In different information, insider Daybreak Christine Maroney bought 7,074 shares of the enterprise’s inventory in a transaction that occurred on Thursday, August twenty second. The inventory was bought at a median value of $9.02, for a complete transaction of $63,807.48. Following the completion of the sale, the insider now owns 1,789,023 shares within the firm, valued at $16,136,987.46. The transaction was disclosed in a submitting with the SEC, which is accessible at this hyperlink. Additionally, CFO Robert Thomas Freeman bought 38,858 shares of the corporate’s inventory in a transaction that occurred on Friday, July nineteenth. The inventory was bought at a median value of $10.01, for a complete worth of $388,968.58. Following the transaction, the chief monetary officer now instantly owns 414,429 shares within the firm, valued at $4,148,434.29. The disclosure for this sale may be discovered right here. Insiders bought 267,973 shares of firm inventory price $2,671,391 within the final quarter. 6.60% of the inventory is owned by company insiders.
Institutional Buying and selling of Alignment Healthcare
Hedge funds and different institutional buyers have just lately purchased and bought shares of the enterprise. Principal Monetary Group Inc. purchased a brand new place in shares of Alignment Healthcare within the first quarter valued at $57,000. Virtu Monetary LLC acquired a brand new stake in shares of Alignment Healthcare within the 1st quarter price about $57,000. Allspring World Investments Holdings LLC lifted its place in Alignment Healthcare by 9.2% within the 1st quarter. Allspring World Investments Holdings LLC now owns 39,570 shares of the corporate’s inventory valued at $196,000 after buying an extra 3,334 shares within the final quarter. Mackenzie Monetary Corp lifted its place in Alignment Healthcare by 110.0% within the 2nd quarter. Mackenzie Monetary Corp now owns 36,526 shares of the corporate’s inventory valued at $286,000 after buying an extra 19,129 shares within the final quarter. Lastly, The Producers Life Insurance coverage Firm boosted its stake in Alignment Healthcare by 20.9% in the course of the 2nd quarter. The Producers Life Insurance coverage Firm now owns 55,531 shares of the corporate’s inventory valued at $434,000 after buying an extra 9,595 shares over the past quarter. Institutional buyers personal 86.19% of the corporate’s inventory.
Alignment Healthcare Firm Profile
Alignment Healthcare, Inc, a tech-enabled Medicare benefit firm, operates consumer-centric well being care platform for seniors in the USA. It offers personalized well being care designed to fulfill the wants of a various array of seniors via its Medicare benefit plans. The corporate was based in 2013 and is predicated in Orange, California.
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