The Attractiveness of Investing In Privia Health Group Inc. (PRVA) is Growing


Privia Health Group Inc.’s recently made public that its Director Sullivan William M unloaded Company’s shares for reported $1.58 million on Oct 28. In the deal valued at $32.60 per share,48,461 shares were sold. As a result of this transaction, Sullivan William M now holds 6,190,646 shares worth roughly $ 176.68 million.

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Then, Butler Jeffrey B sold 70,000 shares, generating $2,321,200 in total proceeds. Upon selling the shares at $33.16, the Director now owns 2,777,224 shares.

Before that, Butler Jeffrey B sold 70,000 shares. Privia Health Group Inc. shares valued at $2,293,900 were divested by the Director at a price of $32.77 per share. As a result of the transaction, Butler Jeffrey B now holds 2,847,224 shares, worth roughly $81.26 million.

A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in early May with a ‘”a Buy”‘ rating. BTIG Research began covering PRVA with “Buy” recommendation on April 28, 2022.

Price Performance Review of PRVA

On Friday, Privia Health Group Inc. [NASDAQ:PRVA] saw its stock fall -4.87% to $28.54. Over the last five days, the stock has lost -12.83%. Privia Health Group Inc. shares have risen nearly 10.32% since the year began. Nevertheless, the stocks have risen 3.97% over the past one year. While a 52-week high of $44.64 was reached on 08/24/22, a 52-week low of $17.99 was recorded on 05/12/22. SMA at 50 days reached $35.85, while 200 days put it at $29.66. A total of 1.08 million shares were traded, compared to the trading of 0.63 million shares in the previous session.

Levels Of Support And Resistance For PRVA Stock

The 24-hour chart illustrates a support level at 27.65, which if violated will result in even more drops to 26.76. On the upside, there is a resistance level at 29.93. A further resistance level may holdings at 31.31. The Relative Strength Index (RSI) on the 14-day chart is 27.63, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.14%. Stochastics %K at 7.96% indicates the stock is a buying.

How much short interest is there in Privia Health Group Inc.?

A steep rise in short interest was recorded in Privia Health Group Inc. stocks on Jul 14, 2022, dropping by -0.18 million shares to a total of 1.98 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.16 million shares. There was a decline of -9.09%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.56% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.84.

Privia Health Group Inc. [PRVA] – Who Are The Largest Shareholders?

In filings from Goldman Sachs & Co. LLC, it is revealed that the company now owns 27,913,369 shares, or roughly 25.70% of the outstanding PRVA shares. In other words, the investor’s shares have fallen by -97,088 from its previous 13-F filing of 28010457.0. Additionally, The Vanguard Group, Inc. increased 6.08% of its stake after which the total value it holdings stand at $149,217,098, while Newton Investment Management Nort reduced -5.06% of its stake to hold $126.25 million in the firm. Over the last quarter, T. Rowe Price Associates, Inc. purchased 1,162,270 shares of Privia Health Group Inc., while BlackRock Fund Advisors bought 186,923 shares. At present, Riverbridge Partners LLC is holding 1,982,090 shares valued at $67.51 million. Senator Investment Group LP owned 1,500,000 shares of the company at the time of its most recent 13F filing, worth $51.09 million.

According to FactSet, Privia Health Group Inc.’s share price will average $47.58 in the next year, based on opinions of analysts polled by the firm. This is up nearly 51.67 percent from its previous closing price of $30.00. Analysts expect Privia Health Group Inc. stock to reach the higher price of $58.00, while the lowest price estimate is $41.00. The most recent change occurred on March 30, 2022 when Guggenheim began covering the stock and recommended ‘”a Buy”‘ rating along with a $35 price target.


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