AMN Healthcare Services (NYSE:AMN) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

AMN Healthcare Services Inc (NYSE:AMN – Get Free Report)’s stock price passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $38.19 and traded as low as $35.53. AMN Healthcare Services shares last traded at $35.7530, with a volume of 1,855,562 shares trading hands.

AMN Healthcare Services News Roundup

Here are the key news stories impacting AMN Healthcare Services this week:

  • Positive Sentiment: Q3 results beat estimates: Adjusted EPS was $1.16 versus consensus of about $0.23, and revenue of $717.3 million exceeded the $649.6 million estimate. Revenue rose 13% year over year. AMN Healthcare Q3 results
  • Positive Sentiment: Revenue guidance topped consensus: AMN forecast fourth-quarter 2026 revenue of $655 million–$670 million, above analysts’ $651.7 million estimate. Q3 results and outlook
  • Positive Sentiment: Analyst turned more bullish: Citizens JMP raised its AMN price target from $40 to $51 and maintained a “market outperform” rating. Citizens JMP rating

Analysts Set New Price Targets

A number of research analysts have issued reports on AMN shares. Robert W. Baird set a $36.00 price objective on AMN Healthcare Services in a report on Friday, August 7th. UBS Group upped their target price on shares of AMN Healthcare Services from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Bank of America reiterated an “underperform” rating on shares of AMN Healthcare Services in a research report on Friday. Citizens Jmp lifted their price target on shares of AMN Healthcare Services from $40.00 to $51.00 and gave the company a “market outperform” rating in a report on Friday. Finally, Wall Street Zen lowered shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $38.33.

Check Out Our Latest Stock Report on AMN Healthcare Services

AMN Healthcare Services Trading Down 24.6%

The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $1.38 billion, a P/E ratio of 13.00, a P/E/G ratio of 1.24 and a beta of 0.42. The company has a 50-day simple moving average of $38.19 and a 200-day simple moving average of $29.07.

AMN Healthcare Services (NYSE:AMN – Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.23 by $0.93. AMN Healthcare Services had a return on equity of 24.06% and a net margin of 3.10%. The company had revenue of $717.27 million for the quarter, compared to analysts’ expectations of $649.55 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, sell-side analysts forecast that AMN Healthcare Services Inc will post 3.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in AMN Healthcare Services in the 2nd quarter valued at about $215,047,000. Arrowstreet Capital Limited Partnership grew its stake in shares of AMN Healthcare Services by 1,278.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company’s stock valued at $25,708,000 after purchasing an additional 1,300,005 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of AMN Healthcare Services by 50.7% during the first quarter. Renaissance Technologies LLC now owns 1,376,341 shares of the company’s stock valued at $25,242,000 after purchasing an additional 463,100 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of AMN Healthcare Services during the second quarter valued at approximately $16,726,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of AMN Healthcare Services in the second quarter valued at approximately $7,958,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

About AMN Healthcare Services

(Get Free Report)

AMN Healthcare Services, Inc is a healthcare workforce solutions and technology company that helps hospitals, health systems, medical practices and other healthcare organizations recruit, deploy and manage clinical and nonclinical personnel. The company operates through a portfolio of staffing, workforce management and language-services businesses.

Its services include temporary and permanent placement of registered nurses, allied healthcare professionals and physicians, as well as locum tenens staffing for doctors and advanced practice professionals.

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