Semler Scientific (NASDAQ:SMLR) Shares Up 8% - Here's What Happened

Semler Scientific Inc. (NASDAQ:SMLR - Get Free Report)'s share price shot up 8% during mid-day trading on Thursday . The stock traded as high as $46.50 and last traded at $45.69. 400,454 shares changed hands during trading, a decline of 29% from the average session volume of 560,628 shares. The stock had previously closed at $42.32.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SMLR. Maxim Group upgraded Semler Scientific to a "strong-buy" rating and set a $95.00 price target for the company in a report on Wednesday. Benchmark began coverage on Semler Scientific in a report on Tuesday. They set a "buy" rating and a $101.00 price target for the company. Finally, Wall Street Zen lowered Semler Scientific from a "buy" rating to a "sell" rating in a report on Thursday, May 22nd.

Semler Scientific Trading Down 1.0%

The company has a fifty day moving average of $37.47 and a two-hundred day moving average of $42.06. The company has a current ratio of 0.52, a quick ratio of 0.51 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $623.31 million, a price-to-earnings ratio of -17.44 and a beta of 1.39.

Semler Scientific (NASDAQ:SMLR - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($0.76) earnings per share for the quarter. Semler Scientific had a positive return on equity of 19.75% and a negative net margin of 60.69%. The company had revenue of $8.84 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SMLR. Jones Financial Companies Lllp acquired a new position in shares of Semler Scientific during the fourth quarter worth approximately $34,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Semler Scientific by 11.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 48,625 shares of the company's stock worth $2,626,000 after buying an additional 4,802 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Semler Scientific during the fourth quarter worth approximately $1,939,000. Larson Financial Group LLC acquired a new position in shares of Semler Scientific during the fourth quarter worth approximately $38,000. Finally, Douglass Winthrop Advisors LLC acquired a new position in shares of Semler Scientific during the fourth quarter worth approximately $232,000. 49.37% of the stock is currently owned by institutional investors and hedge funds.

Semler Scientific Company Profile

Semler Scientific, Inc provides technology solutions to enhance the clinical effectiveness and efficiency of healthcare providers in the United States. The company's products include QuantaFlo, a four-minute in-office blood flow test that enables healthcare providers to use blood flow measurements as part of their examinations of a patient's vascular condition.