Adapthealth director Kenneth Samet buys $149,930 in shares

AdaptHealth Corp. (NASDAQ:AHCO) director Kenneth A. Samet bought 23,500 shares of the company's common stock on August 6, 2026, at a price of $6.38 per share, totaling $149,930. This acquisition brings his ownership to 48,569 shares of AdaptHealth common stock. The purchase comes as AHCO stock is trading near its 52-week low of $5.21, a significant drop from the director’s purchase price.

Analysis suggests the stock may be undervalued, with a Fair Value of $7.89, indicating potential upside. Investors can explore more about the company's valuation and receive exclusive ProTips through InvestingPro's Pro Research Report. AdaptHealth recently reported a challenging second-quarter earnings period, posting an adjusted loss per share of $0.99, contrasting with the expected profit of $0.15.

Revenue for the quarter was $740.3 million, less than the $848.9 million forecast, though it did reflect a 12.7% increase year-over-year. The company cited higher costs from a major West Coast capitated contract, a manufacturer price increase, and portfolio changes for the earnings miss. Truist Securities lowered its price target for AdaptHealth shares from $14.00 to $9.00, but maintained a Buy rating, noting the disappointing results and profitability challenges from these increased costs.

Despite the revenue growth, financial performance was heavily impacted by these factors. Adjusted core guidance from Truist Securities reflects the ongoing difficulties the company faces.