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Needham gives a Buy recommendation for Privia Health Group Inc (PRVA)

Privia Health Group Inc’s filing revealed that its EVP & Chief Financial Officer Mountcastle David unloaded Company’s shares for reported $0.13 million on Apr 02 ’25. In the deal valued at $22.38 per share,5,630 shares were sold. As a result of this transaction, Mountcastle David now holds 179,676 shares worth roughly $4.32 million.

Then, Mountcastle David bought 5,630 shares, generating $126,001 in total proceeds.

Before that, Mehrotra Parth sold 10,514 shares. Privia Health Group Inc shares valued at $252,651 were divested by the Chief Executive Officer at a price of $24.03 per share. As a result of the transaction, Mehrotra Parth now holds 469,381 shares, worth roughly $11.29 million.

Needham initiated its Privia Health Group Inc [PRVA] rating to a Buy in a research note published on January 10, 2025; the price target was $25. A number of analysts have revised their coverage, including Macquarie’s analysts, who began to cover the stock in mid December with a ‘”an Outperform”‘ rating. KeyBanc Capital Markets began covering PRVA with “an Overweight” recommendation on October 11, 2024. Robert W. Baird started covering the stock on May 30, 2024. It rated PRVA as “an Outperform”.

Price Performance Review of PRVA

On Monday, Privia Health Group Inc [NASDAQ:PRVA] saw its stock fall -0.21% to $24.05. Over the last five days, the stock has gained 11.96%. Privia Health Group Inc shares have risen nearly 23.02% since the year began. Nevertheless, the stocks have risen 31.13% over the past one year. While a 52-week high of $26.04 was reached on 02/27/25, a 52-week low of $15.92 was recorded on 01/02/25. SMA at 50 days reached $23.76, while 200 days put it at $20.73.

Levels Of Support And Resistance For PRVA Stock

The 24-hour chart illustrates a support level at 23.67, which if violated will result in even more drops to 23.28. On the upside, there is a resistance level at 24.58. A further resistance level may holdings at 25.10. The Relative Strength Index (RSI) on the 14-day chart is 57.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.20%. Stochastics %K at 87.95% indicates the stock is a selling.

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 2025-03-31, growing by 24573.0 shares to a total of 4.17 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 4.14 million shares. There was a rise of 0.59%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on April 22, 2024 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.

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