NantHealth (NASDAQ:NH) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a research note issued on Thursday, Zacks.com reports. The firm presently has a $4.00 target price on the stock. Zacks Investment Research's target price points to a potential upside of 17.99% from the stock's current price.
According to Zacks, "Nant Health, LLC is a personalized healthcare company which enable improved patient outcomes and treatment decisions for critical illnesses. The company developed an adaptive learning system, CLINICS, which includes its unique software, middleware and hardware systems infrastructure that collects, indexes, analyzes and interprets of molecular, clinical, operational and financial data points derived from novel and traditional sources. Nant Health, LLC is based in CULVER CITY, United States. "
A number of other research analysts also recently weighed in on NH. BidaskClub raised NantHealth from a "strong sell" rating to a "sell" rating in a research note on Saturday, December 12th. ValuEngine downgraded NantHealth from a "buy" rating to a "hold" rating in a research note on Monday, November 2nd.
Shares of NASDAQ:NH opened at $3.39 on Thursday. The company has a market capitalization of $377.02 million, a price-to-earnings ratio of -7.70 and a beta of 1.75. The business's 50-day moving average is $3.03 and its 200-day moving average is $3.16. NantHealth has a 1 year low of $1.10 and a 1 year high of $6.60.
NantHealth (NASDAQ:NH) last announced its quarterly earnings data on Thursday, November 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.01. The business had revenue of $18.77 million during the quarter, compared to analyst estimates of $18.70 million. Research analysts predict that NantHealth will post -0.31 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC bought a new stake in NantHealth during the 3rd quarter worth approximately $867,000. Arrowstreet Capital Limited Partnership bought a new stake in NantHealth during the 3rd quarter worth approximately $616,000. Morgan Stanley increased its holdings in NantHealth by 726.4% during the 3rd quarter. Morgan Stanley now owns 113,744 shares of the company's stock worth $266,000 after purchasing an additional 99,981 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in NantHealth during the 2nd quarter worth approximately $436,000. Finally, Bank of New York Mellon Corp bought a new stake in NantHealth during the 2nd quarter worth approximately $337,000. 4.76% of the stock is currently owned by institutional investors and hedge funds.
NantHealth, Inc, together with its subsidiaries, operates as a healthcare technology company converging science and technology in the United States, the United Kingdom, Singapore, and Canada. It provides NantHealth solutions, including molecular profiling solutions, software-as-a-service platforms, and connected care medical device interoperability solutions to enable value-based care and evidence-based clinical practice.
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