Insider Selling: 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 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 $18,222.38. Following the transaction, the insider now owns 7,558 shares of the company’s stock, valued at approximately $55,400.14. This trade represents a 24.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

NeueHealth Stock Performance

NYSE:NEUE opened at $7.33 on Friday. The company has a market capitalization of $60.73 million, a price-to-earnings ratio of -0.14 and a beta of 0.57. NeueHealth, Inc. has a one year low of $3.79 and a one year high of $16.59. The stock has a 50-day simple moving average of $5.60 and a 200 day simple moving average of $5.42.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

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