869,275 Shares in Definitive Healthcare Corp. $DH Acquired by Whetstone Capital Advisors LLC

Key Points

• Whetstone Capital Advisors LLC has acquired 869,275 shares of Definitive Healthcare Corp., valued at approximately $2.5 million, making it the 22nd biggest holding in their portfolio.
• Definitive Healthcare's stock currently has a consensus price target of $4.73, with ratings ranging from "Buy" to "Sell" from various analysts.
• The company's current market cap is $532.48 million, and its shares have fluctuated between a low of $2.15 and a high of $5.68 in the last year.

Whetstone Capital Advisors LLC acquired a new stake in shares of Definitive Healthcare Corp. (NASDAQ:DH - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 869,275 shares of the company's stock, valued at approximately $2,512,000. Definitive Healthcare accounts for 1.1% of Whetstone Capital Advisors LLC's portfolio, making the stock its 22nd biggest holding. Whetstone Capital Advisors LLC owned 0.81% of Definitive Healthcare as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bayesian Capital Management LP purchased a new position in Definitive Healthcare in the 4th quarter worth about $41,000. Hsbc Holdings PLC purchased a new position in shares of Definitive Healthcare during the first quarter worth approximately $52,000. Two Sigma Securities LLC purchased a new position in shares of Definitive Healthcare during the fourth quarter worth approximately $56,000. Cerity Partners LLC bought a new stake in shares of Definitive Healthcare during the first quarter valued at approximately $56,000. Finally, ProShare Advisors LLC boosted its holdings in shares of Definitive Healthcare by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 15,018 shares of the company's stock valued at $62,000 after purchasing an additional 4,943 shares during the period. 98.67% of the stock is currently owned by institutional investors.

Definitive Healthcare Price Performance

Shares of DH stock opened at $3.72 on Thursday. Definitive Healthcare Corp. has a 1-year low of $2.15 and a 1-year high of $5.68. The stock's 50-day moving average is $3.92 and its 200 day moving average is $3.56. The company has a market cap of $532.48 million, a P/E ratio of -1.40, a PEG ratio of 5.41 and a beta of 1.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.65 and a quick ratio of 1.65.

Analysts Set New Price Targets

Several research analysts have commented on the company. Stifel Nicolaus raised their price objective on Definitive Healthcare from $5.00 to $6.00 and gave the stock a "buy" rating in a report on Friday, August 8th. BTIG Research downgraded Definitive Healthcare from a "buy" rating to a "neutral" rating in a research report on Friday, May 9th. Wall Street Zen upgraded Definitive Healthcare from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Robert W. Baird set a $4.00 target price on shares of Definitive Healthcare in a report on Friday, August 8th. Finally, The Goldman Sachs Group raised their target price on shares of Definitive Healthcare from $3.00 to $3.40 and gave the company a "neutral" rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $4.73.

About Definitive Healthcare

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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