CareMax (NASDAQ:CMAX – Get Rating) had its price target cut by equities researchers at UBS Group to $11.00 in a research note issued on Thursday, Stock Target Advisor reports. UBS Group’s price objective would indicate a potential upside of 58.96% from the company’s current price.
Several other equities research analysts also recently issued reports on the stock. TheStreet downgraded shares of CareMax from a “c-” rating to a “d” rating in a research note on Tuesday, September 6th. Truist Financial initiated coverage on shares of CareMax in a report on Wednesday, September 7th. They set a “hold” rating and a $7.50 price target on the stock.
CareMax Stock Performance
CareMax stock traded up $0.31 during mid-day trading on Thursday, hitting $6.92. 152,834 shares of the company’s stock traded hands, compared to its average volume of 399,594. CareMax has a one year low of $3.45 and a one year high of $10.28. The company has a quick ratio of 6.03, a current ratio of 6.06 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average price of $6.79 and a 200 day moving average price of $6.36. The company has a market cap of $604.79 million, a PE ratio of -18.70 and a beta of 2.72.
CareMax (NASDAQ:CMAX – Get Rating) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). CareMax had a negative return on equity of 6.54% and a negative net margin of 6.12%. The company had revenue of $172.28 million during the quarter, compared to analyst estimates of $138.11 million. On average, equities analysts forecast that CareMax will post -0.47 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. UBS Group AG purchased a new stake in shares of CareMax during the second quarter valued at about $32,000. Mirabella Financial Services LLP purchased a new position in CareMax during the 4th quarter worth approximately $91,000. Arizona State Retirement System purchased a new position in CareMax during the 2nd quarter worth approximately $47,000. Citigroup Inc. acquired a new stake in shares of CareMax during the 1st quarter worth approximately $98,000. Finally, Strs Ohio acquired a new stake in shares of CareMax during the 2nd quarter worth approximately $50,000. 71.96% of the stock is currently owned by institutional investors.
CareMax Company Profile
CareMax, Inc provides medical services through physicians and health care professionals. It offers a suite of health care and social services to its patients, including primary care, specialty care, telemedicine, health and wellness, optometry, dental, pharmacy, and transportation. The company also provides CareOptimize, a proprietary software and services platform that provides data, analytics, and rules-based decision tools/workflows for physicians in the United States.