NeueHealth (NEUE) Projected to Post Quarterly Earnings on Wednesday

NeueHealth (NYSE:NEUE) is expected to release its earnings data before the market opens on Wednesday, March 5th. Analysts expect NeueHealth to post earnings of ($2.29) per share for the quarter.

NeueHealth Trading Down 0.5 %

Shares of NYSE NEUE opened at $7.31 on Wednesday. NeueHealth has a one year low of $3.79 and a one year high of $11.35. The business has a 50-day moving average price of $7.10 and a two-hundred day moving average price of $5.85. The firm has a market capitalization of $60.56 million, a PE ratio of -0.14 and a beta of 0.58.

Insider Buying and Selling at NeueHealth

In other news, CEO George Lawrence Mikan III sold 16,803 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $4.18, for a total transaction of $70,236.54. Following the completion of the sale, the chief executive officer now directly owns 83,029 shares of the company’s stock, valued at $347,061.22. This trade represents a 16.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jay Matushak sold 4,970 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $7.33, for a total value of $36,430.10. Following the completion of the sale, the chief financial officer now directly owns 17,747 shares of the company’s stock, valued at approximately $130,085.51. The trade was a 21.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,658 shares of company stock valued at $377,034 in the last quarter. Company insiders own 64.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Royal Bank of Canada decreased their price target on shares of NeueHealth from $8.00 to $7.00 and set a “sector perform” rating for the company in a report on Monday, December 9th.

NeueHealth Company Profile

NeueHealth, Inc, a healthcare company, provides various healthcare services for health consumers, providers, and payors in the United States. It operates through two segments: NeueCare and NeueSolutions. The NeueCare segment delivers healthcare services to ACA marketplace, medicare, and medicaid through owned and affiliated clinics.