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Definitive Healthcare Corp. (NASDAQ:DH) Receives $4.88 Consensus Target Price from Brokerages

Definitive Healthcare logo with Computer and Technology background

Key Points

  • Definitive Healthcare Corp. (NASDAQ:DH) has an average analyst rating of "Hold", with one sell rating, four hold ratings, and one buy rating.
  • The company's stock has a current market capitalization of $573.75 million, and its 12-month price target among analysts is $4.88.
  • Definitive Healthcare reported earnings of $0.05 per share, exceeding analysts' expectations, although its revenue fell 6.8% compared to the same quarter last year.
  • Want stock alerts on Definitive Healthcare? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Definitive Healthcare Corp. (NASDAQ:DH - Get Free Report) has been assigned an average recommendation of "Hold" from the six brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $4.7333.

DH has been the topic of several research analyst reports. Wall Street Zen raised shares of Definitive Healthcare from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. The Goldman Sachs Group raised their target price on shares of Definitive Healthcare from $3.00 to $3.40 and gave the stock a "neutral" rating in a research report on Monday, May 12th. BTIG Research cut shares of Definitive Healthcare from a "buy" rating to a "neutral" rating in a research report on Friday, May 9th. Robert W. Baird set a $4.00 price target on shares of Definitive Healthcare in a research report on Friday, August 8th. Finally, Stifel Nicolaus lifted their price target on shares of Definitive Healthcare from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Friday, August 8th.

Get Our Latest Analysis on DH

Hedge Funds Weigh In On Definitive Healthcare

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership acquired a new position in shares of Definitive Healthcare during the 2nd quarter worth approximately $4,247,000. New York State Common Retirement Fund raised its holdings in Definitive Healthcare by 0.4% in the 2nd quarter. New York State Common Retirement Fund now owns 766,433 shares of the company's stock valued at $2,989,000 after acquiring an additional 3,066 shares in the last quarter. Heron Bay Capital Management raised its holdings in Definitive Healthcare by 43.0% in the 2nd quarter. Heron Bay Capital Management now owns 28,651 shares of the company's stock valued at $112,000 after acquiring an additional 8,615 shares in the last quarter. Creative Planning raised its holdings in shares of Definitive Healthcare by 41.7% during the 2nd quarter. Creative Planning now owns 28,628 shares of the company's stock worth $112,000 after buying an additional 8,428 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Definitive Healthcare by 44.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 361,046 shares of the company's stock worth $1,408,000 after buying an additional 110,894 shares in the last quarter. Institutional investors own 98.67% of the company's stock.

Definitive Healthcare Price Performance

Shares of DH traded up $0.35 during trading hours on Monday, reaching $3.95. The company had a trading volume of 500,924 shares, compared to its average volume of 841,157. The firm has a 50 day simple moving average of $3.90 and a 200-day simple moving average of $3.60. The company has a current ratio of 1.65, a quick ratio of 1.75 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $586.38 million, a price-to-earnings ratio of -1.48, a PEG ratio of 5.92 and a beta of 1.64. Definitive Healthcare has a 12-month low of $2.15 and a 12-month high of $5.68.

Definitive Healthcare Company Profile

(Get Free Report)

Definitive Healthcare Corp., together with its subsidiaries, provides software as a service (SaaS) healthcare commercial intelligence platform in the United States and internationally. Its SaaS platform provides information on healthcare providers and their activities to help its customers from product development to go-to-market planning, and sales and marketing execution.

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Analyst Recommendations for Definitive Healthcare (NASDAQ:DH)

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