Shares of Privia Health Group Inc (PRVA) fell 4.78% on Jul 18, reaching an intraday low of $19.70. The stock is now 24.42% below its 52-week high and 19.73% above its 52-week low. Analysts forecast an average target price of $30.60, with a high estimate of $37.00 and a low estimate of $24.00, indicating an upside of 55.18% from the current price.
Shares of Privia Health Group Inc (PRVA) fell 4.78% on July 18, 2025, reaching an intraday low of $19.70. The stock is currently trading 24.42% below its 52-week high and 19.73% above its 52-week low. Analysts forecast an average target price of $30.60, with a high estimate of $37.00 and a low estimate of $24.00, indicating an upside of 55.18% from the current price.
The decline in PRVA's stock price follows a broader market trend where several healthcare stocks experienced sharp drops. Negative developments such as analyst downgrades, lost lawsuits, and unfavorable news regarding experimental gene therapies and FDA advisory committee decisions contributed to the sector's decline. Additionally, broader market sentiment, including concerns about rising costs and inadequate pricing for 2025 plans among health insurers, further pressured healthcare equities [1].
Privia Health Group operates as a national physician-enablement company, collaborating with medical groups, health plans, and health systems to optimize physician practices and enhance patient experiences. Despite the recent market volatility, analysts maintain a positive outlook on the company. The consensus rating is "Buy" with an average rating score of 3.00, based on 10 buy ratings, no hold ratings, and no sell ratings. The company's earnings are expected to grow by 31.82% in the coming year, from $0.22 to $0.29 per share [2].
Institutional ownership is strong, with 92.40% of the stock held by institutions, indicating robust market trust in the company. Insider ownership is also significant, with 57.60% of the stock held by insiders. However, insiders have sold more of their company's stock than they have bought in the past three months, indicating a potential bearish sentiment among key stakeholders [2].
The stock's price-to-earnings (P/E) ratio of 80.11 is less expensive than the market average P/E ratio of about 123.09 and the Medical sector average P/E ratio of about 131.05. The company's price-to-book value per share ratio of 4.77 is also above 3, indicating potential overvaluation with respect to its assets and liabilities [2].
In conclusion, while PRVA's stock price has fallen in recent market turmoil, analysts maintain a positive outlook on the company's earnings growth and valuation. Investors should consider the broader market sentiment and the company's fundamentals before making investment decisions.
References:
[1] https://finance.yahoo.com/news/enovis-conmed-astrana-health-privia-191042198.html
[2] https://www.marketbeat.com/stocks/NASDAQ/PRVA/
Comments
No comments yet