Health Catalyst, Inc. (NASDAQ:HCAT) Receives Average Rating of "Hold" from Brokerages

Key Points

• Health Catalyst, Inc. has received a consensus rating of "Hold" from twelve brokerages, with one sell recommendation, eight hold recommendations, and three buy recommendations.
• The average target price for Health Catalyst shares among analysts is $4.5455, with recent price adjustments ranging from $4.00 to $10.00 by various firms.
• Institutional investors own 85% of Health Catalyst's stock, with notable increases in holdings from several firms in the first quarter of the year.

Shares of Health Catalyst, Inc. (NASDAQ:HCAT - Get Free Report) have earned a consensus recommendation of "Hold" from the twelve research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $4.5455.

A number of brokerages have commented on HCAT. Piper Sandler lowered shares of Health Catalyst from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $8.00 to $4.00 in a research note on Wednesday, August 27th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $4.00 target price on shares of Health Catalyst in a research note on Tuesday, October 7th. Wells Fargo & Company reduced their target price on shares of Health Catalyst from $10.00 to $6.00 and set an "overweight" rating for the company in a research note on Monday, August 11th. BTIG Research reiterated a "neutral" rating on shares of Health Catalyst in a research note on Friday, September 5th. Finally, Stifel Nicolaus reduced their target price on shares of Health Catalyst from $5.50 to $4.50 and set a "hold" rating for the company in a research note on Friday, August 8th.

Health Catalyst Stock Performance

Shares of HCAT stock opened at $3.06 on Thursday. The firm has a market capitalization of $215.33 million, a PE ratio of -2.03 and a beta of 1.62. The firm has a fifty day simple moving average of $3.06 and a two-hundred day simple moving average of $3.62. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.44. Health Catalyst has a 12 month low of $2.52 and a 12 month high of $9.24.

Institutional Trading of Health Catalyst

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in shares of Health Catalyst by 195.2% in the 1st quarter. SG Americas Securities LLC now owns 80,825 shares of the company's stock worth $366,000 after buying an additional 53,443 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of Health Catalyst by 79.0% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 45,585 shares of the company's stock worth $206,000 after buying an additional 20,116 shares during the last quarter. Omnia Family Wealth LLC purchased a new position in shares of Health Catalyst in the 1st quarter worth about $157,000. AMH Equity Ltd purchased a new position in shares of Health Catalyst in the 1st quarter worth about $1,144,000. Finally, MCF Advisors LLC purchased a new position in shares of Health Catalyst in the 1st quarter worth about $113,000. Institutional investors own 85.00% of the company's stock.

About Health Catalyst

Health Catalyst, Inc provides data and analytics technology and services to healthcare organizations in the United States. It operates in two segments, Technology and Professional Services. The company provides data operating system data platform which provides clients single comprehensive environment to integrate and organize data from their disparate software systems; and analytics applications, a software analytics applications build for data platform to analyze clients face across clinical and quality, population health, and financial and operational use cases.

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