NeueHealth, Inc. (NYSE:NEUE) Insider Sells $18,222.38 in Stock

NeueHealth, Inc. (NYSE:NEUE) insider Jeffery Michael Craig sold 2,486 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $7.33, for a total value of $18,222.38. Following the completion of the sale, the insider now directly owns 7,558 shares in the company, valued at approximately $55,400.14. This trade represents a 24.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

NeueHealth Stock Down 1.2 %

Shares of NYSE:NEUE opened at $7.33 on Friday. The company’s 50-day moving average price is $5.60 and its 200 day moving average price is $5.42. The company has a market cap of $60.73 million, a PE ratio of -0.14 and a beta of 0.57. NeueHealth, Inc. has a fifty-two week low of $3.79 and a fifty-two week high of $16.59.

Institutional Investors Weigh In On NeueHealth

A number of hedge funds have recently made changes to their positions in NEUE. Deer Management Co. LLC bought a new position in NeueHealth in the 2nd quarter worth approximately $5,436,000. NEA Management Company LLC bought a new position in shares of NeueHealth in the second quarter worth $14,834,000. Renaissance Technologies LLC bought a new position in shares of NeueHealth in the second quarter worth $312,000. Finally, Partners Group Holding AG acquired a new position in shares of NeueHealth during the third quarter valued at $463,000. Institutional investors own 63.88% of the company’s stock.

Analysts Set New Price Targets

Separately, Royal Bank of Canada dropped their target price on NeueHealth from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research 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.