NantHealth (NASDAQ:NH) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
Several other analysts have also recently commented on NH. Jefferies Group reiterated a “buy” rating and issued a $5.00 price objective on shares of NantHealth in a research note on Thursday, September 28th. Zacks Investment Research upgraded shares of NantHealth from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research note on Thursday, October 12th. Finally, Canaccord Genuity reduced their price objective on shares of NantHealth from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, November 17th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $8.05.
NantHealth (NH) traded up $0.18 during mid-day trading on Tuesday, hitting $3.95. 526,800 shares of the stock traded hands, compared to its average volume of 225,050. NantHealth has a one year low of $2.60 and a one year high of $10.02. The firm has a market cap of $427.90 and a PE ratio of -2.71. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.38 and a quick ratio of 2.36.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP purchased a new position in NantHealth during the 3rd quarter valued at about $365,000. Northern Trust Corp increased its holdings in NantHealth by 133.9% during the 2nd quarter. Northern Trust Corp now owns 151,907 shares of the company’s stock valued at $643,000 after acquiring an additional 86,955 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in NantHealth by 91.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 169,603 shares of the company’s stock valued at $717,000 after acquiring an additional 81,024 shares in the last quarter. Vanguard Group Inc. increased its holdings in NantHealth by 20.2% during the 2nd quarter. Vanguard Group Inc. now owns 423,537 shares of the company’s stock valued at $1,792,000 after acquiring an additional 71,087 shares in the last quarter. Finally, State Street Corp increased its holdings in NantHealth by 88.1% during the 2nd quarter. State Street Corp now owns 147,234 shares of the company’s stock valued at $623,000 after acquiring an additional 68,963 shares in the last quarter. Hedge funds and other institutional investors own 7.10% of the company’s stock.
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NantHealth, Inc is a healthcare cloud-based information technology (IT) company. The Company is engaged in converging science and technology through a single integrated clinical platform, to provide actionable health information at the point of care. The Company offers the Genomic Proteomic Spectrometry (GPS) Cancer test, a molecular test and decision support solution that measures the proteins present in the patient’s tumor tissue, combined with whole genomic and transcriptomic sequencing of tumor and normal samples.
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