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Does Privia Health Group Inc (NASDAQ:PRVA) Look Expensive At $20.89? Here’s How To Know.

In last trading session, Privia Health Group Inc (NASDAQ:PRVA) saw 0.55 million shares changing hands with its beta currently measuring 0.81. Company’s recent per share price level of $20.89 trading at $0.59 or 2.91% at ring of the bell on the day assigns it a market valuation of $2.47B. That closing price of PRVA’s stock is at a discount of -44.33% from its 52-week high price of $30.15 and is indicating a premium of 8.23% from its 52-week low price of $19.17. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.29 million shares which gives us an average trading volume of 800.12K if we extend that period to 3-months.

Privia Health Group Inc (NASDAQ:PRVA) trade information

Upright in the green during last session for gaining 2.91%, in the last five days PRVA remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $20.89 price level, adding 0.29% to its value on the day. Privia Health Group Inc’s shares saw a change of -9.29% in year-to-date performance and have moved 0.97% in past 5-day. Privia Health Group Inc (NASDAQ:PRVA) showed a performance of -6.03% in past 30-days. Number of shares sold short was 6.26 million shares which calculate 9.17 days to cover the short interests.

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Privia Health Group Inc (PRVA) estimates and forecasts

Statistics highlight that Privia Health Group Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -23.00% of value to its shares in past 6 months, showing an annual growth rate of 375.00% while that of industry is 15.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 16.10% from the last financial year’s standing.

8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $730.89 million for the same. And 6 analysts are in estimates of company making revenue of $774.99 million in the next quarter that will end on Mar 2024. Company posted $634.8 million and $658.9 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 15.10% while estimating it to be 17.60% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -28.12% during past 5 years.

PRVA Dividends

Privia Health Group Inc is more likely to be releasing its next quarterly report on February 27 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Privia Health Group Inc (NASDAQ:PRVA)’s Major holders

Insiders are in possession of 8.62% of company’s total shares while institution are holding 95.40 percent of that, with stock having share float percentage of 104.41%. Investors also watch the number of corporate investors in a company very closely, which is 95.40% institutions for Privia Health Group Inc that are currently holding shares of the company. FMR, LLC is the top institutional holder at PRVA for having 14.77 million shares of worth $385.59 million. And as of Jun 29, 2023, it was holding 12.58% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 13.94 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 11.88% of outstanding shares, having a total worth of $363.94 million.

On the other hand, iShares Core S&P Smallcap ETF and Fidelity Select Portfolios – Health Care are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 6.89 million shares of worth $158.56 million or 5.87% of the total outstanding shares. The later fund manager was in possession of 3.24 million shares on Aug 30, 2023, making its stake of worth around $85.05 million in the company or a holder of 2.76% of company’s stock.

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