The stock of Surgery Partners Inc (NASDAQ:SGRY) last traded at $33.69, up 17.63% from the previous session.
SGRY stock price is now 23.84% away from the 50-day moving average and 16.32% away from the 200-day moving average. The market capitalization of the company currently stands at $4.28B.
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With the price target of $31, Macquarie recently initiated with Outperform rating for Surgery Partners Inc (NASDAQ: SGRY). On March 06, 2024, Barclays recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $35, while ‘TD Cowen’ rates the stock as ‘Outperform’
In other news, Burkhalter Danielle, Chief Human Resources Officer sold 6,000 shares of the company’s stock on Jun 12 ’24. The stock was sold for $158,310 at an average price of $26.39. Upon completion of the transaction, the Chief Human Resources Officer now directly owns 30,354 shares in the company, valued at $1.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 31 ’24, National Group President Owens Bradley R. sold 6,000 shares of the business’s stock. A total of $165,900 was realized by selling the stock at an average price of $27.65. This leaves the insider owning 72,338 shares of the company worth $2.44 million. A total of 44.21% of the company’s stock is owned by insiders.
During the past 12 months, Surgery Partners Inc has had a low of $22.05 and a high of $37.83. As of last week, the company has a debt-to-equity ratio of 1.76, a current ratio of 1.83, and a quick ratio of 1.69. The fifty day moving average price for SGRY is $27.3446 and a two-hundred day moving average price translates $29.0084 for the stock.
The latest earnings results from Surgery Partners Inc (NASDAQ: SGRY) was released for 2024-06-30. The net profit margin was -1.17% and return on equity was -1.70% for SGRY. The company reported revenue of $762.1 million for the quarter, compared to $667.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.16 percent.
