P3 Health Partners (NASDAQ:PIII) Trading Up 6.7%

P3 Health Partners Inc. (NASDAQ:PIII)’s share price shot up 6.7% during trading on Thursday . The stock traded as high as $0.58 and last traded at $0.57. 212,220 shares changed hands during trading, a decline of 44% from the average session volume of 381,117 shares. The stock had previously closed at $0.53.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PIII. Lake Street Capital reduced their price target on P3 Health Partners from $9.00 to $4.50 and set a “buy” rating on the stock in a research report on Thursday, March 14th. BTIG Research downgraded P3 Health Partners from a “buy” rating to a “neutral” rating in a report on Monday, April 1st. Finally, William Blair restated an “outperform” rating on shares of P3 Health Partners in a research note on Monday, April 1st.

P3 Health Partners Stock Performance

The business has a fifty day moving average price of $0.58 and a two-hundred day moving average price of $0.89. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.81.

P3 Health Partners (NASDAQ:PIII) last posted its earnings results on Wednesday, May 8th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.03. The firm had revenue of $388.49 million during the quarter, compared to analysts’ expectations of $352.00 million. P3 Health Partners had a negative net margin of 4.97% and a negative return on equity of 79.03%. On average, sell-side analysts expect that P3 Health Partners Inc. will post -0.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. GSA Capital Partners LLP grew its stake in shares of P3 Health Partners by 110.6% in the first quarter. GSA Capital Partners LLP now owns 565,522 shares of the company’s stock worth $582,000 after acquiring an additional 296,936 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of P3 Health Partners in the third quarter worth $101,000. Welch Capital Partners LLC NY acquired a new stake in shares of P3 Health Partners in the fourth quarter worth $42,000. Finally, SlateStone Wealth LLC acquired a new stake in shares of P3 Health Partners in the fourth quarter worth $40,000. 7.75% of the stock is currently owned by institutional investors and hedge funds.

About P3 Health Partners

P3 Health Partners Inc, a patient-centered and physician-led population health management company, provides superior care services in the United States. It operates clinics and wellness centers. P3 Health Partners Inc was founded in 2020 and is based in Henderson, Nevada.