NeueHealth (NEUE) to Release Quarterly Earnings on Wednesday

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

NeueHealth Stock Down 0.5 %

Shares of NYSE:NEUE opened at $7.31 on Wednesday. The company has a market cap of $60.56 million, a PE ratio of -0.14 and a beta of 0.58. NeueHealth has a fifty-two week low of $3.79 and a fifty-two week high of $11.35. The firm has a 50-day simple moving average of $7.10 and a 200 day simple moving average of $5.85.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, CFO Jay Matushak sold 4,970 shares of NeueHealth stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $7.33, for a total transaction of $36,430.10. Following the sale, the chief financial officer now owns 17,747 shares of the company’s stock, valued at approximately $130,085.51. The trade was a 21.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO George Lawrence Mikan III sold 16,803 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $4.18, for a total value of $70,236.54. Following the transaction, the chief executive officer now owns 83,029 shares of the company’s stock, valued at approximately $347,061.22. This represents a 16.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,658 shares of company stock worth $377,034 in the last three months. 64.30% of the stock is owned by insiders.

About NeueHealth

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.