In yesterday’s Wall Street session, Signify Health Inc. (NYSE:SGFY) shares traded at $28.57, up 0.14% from the previous session.
5 analysts cover Signify Health Inc. (NYSE:SGFY), according to research data. The consensus rating among analysts is ‘Hold’. SGFY stock price is now -0.83% away from the 50-day moving average and 32.51% away from the 200-day moving average. The market capitalization of the company currently stands at $6.76B.
The stock has received a hold rating from 5 analysts and a buy rating from 0.
With the price target of $35, BTIG Research recently initiated with Buy rating for Signify Health Inc. (NYSE: SGFY). On July 29, 2022, RBC Capital Mkts recently initiated its ‘Sector Perform’ rating on the stock quoting a target price of $18, while ‘Robert W. Baird’ rates the stock as ‘Outperform’.
In other news, Senneff Steve, Pres. Chief Fin. & Admin. Off. bought 2,500 shares of the company’s stock on May 09. The stock was bought for $29,372 at an average price of $11.75. Upon completion of the transaction, the Pres. Chief Fin. & Admin. Off. now directly owns 217,587 shares in the company, valued at $6.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09, Chief Executive Officer Armbrester Bradford Kyle bought 8,320 shares of the business’s stock. A total of $97,891 was incurred on buying the stock at an average price of $11.77. This leaves the insider owning 92,693 shares of the company worth $2.65 million. Insiders disposed of 23,748 shares of company stock worth roughly $0.68 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SGFY stock. A new stake in Signify Health Inc. shares was purchased by NEW MOUNTAIN CAPITAL, L.L.C. during the first quarter worth $3,988,795,000. FIL LTD invested $142,479,000 in shares of SGFY during the first quarter. In the first quarter, KRYGER CAPITAL LTD acquired a new stake in Signify Health Inc. valued at approximately $79,024,000. BERYL CAPITAL MANAGEMENT LLC acquired a new stake in SGFY for approximately $64,026,000. TIG ADVISORS, LLC purchased a new stake in SGFY valued at around $61,904,000 in the second quarter. In total, there are 214 active investors with 80.53% ownership of the company’s stock.
On Tuesday morning Signify Health Inc. (NYSE: SGFY) stock kicked off with the opening price of $28.53. During the past 12 months, Signify Health Inc. has had a low of $10.70 and a high of $29.88. As of last week, the company has a debt-to-equity ratio of 0.51, a current ratio of 1.90, and a quick ratio of 1.90. The fifty day moving average price for SGFY is $28.81 and a two-hundred day moving average price translates $21.56 for the stock.
The latest earnings results from Signify Health Inc. (NYSE: SGFY) was released for Jun, 2022. According to the Health Information Services Company, earnings per share came in at -$2.1, missing analysts’ expectations of $0.1 by -2.2. This compares to $0.17 EPS in the same period last year. The net profit margin was -66.00% and return on equity was -55.10% for SGFY. The company reported revenue of $139.8 million for the quarter, compared to $199.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -29.82 percent. For the current quarter, analysts expect SGFY to generate $238.07M in revenue.
Signify Health Inc.(SGFY) Company Profile
Signify Health, Inc. operates a healthcare platform that utilizes analytics, technology, and healthcare provider networks in the United States. The company operates through Home & Community Services and Episodes of Care Services segments. The Home & Community Services segment offers health evaluations performed within the patient’s home or at a healthcare provider facility primarily to Medicare Advantage health plans; diagnostic screening and other ancillary services; and services to address healthcare concerns related to social determinants of health. The Episodes of Care Services segment provides services to enhance the healthcare delivery through developing and managing episodic payment programs in partnership with healthcare providers under the Bundled Payment for Care Improvement Advanced program with Centers for Medicare and Medicaid Services; and care management services. The company serves health plans, governments, employers, health systems, and physician groups. The company operates in Norwalk, Connecticut, New York, New York, Dallas, Texas, South Dakota, Deerfield, Florida, and Rapid City. Signify Health, Inc. was founded in 2017 and is headquartered in Dallas, Texas.