Vitalhub Corp. (TSE:VHI) Given Average Rating of "Buy" by Analysts

Key Points

• Analysts give Vitalhub a consensus "Buy" (6 buys, 1 strong buy) with an average 1-year price target of C$13.86, versus the recent share price of C$7.99, though several brokers have recently lowered their targets.
• Insider buying has been significant: insiders acquired 496,600 shares (~$3.48M) in the last 90 days (including a 50,000-share purchase by a director), and insiders now own 18.57% of the company.
• Recent results show C$0.06 EPS and C$31.39M revenue for the quarter; the stock trades at a high PE of 79.9 with a market cap of C$505.2M, indicating limited current profitability against a rich valuation.

Vitalhub Corp. (TSE:VHI - Get Free Report) has received a consensus rating of "Buy" from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$13.86.

A number of research analysts recently issued reports on the stock. Scotiabank lowered their target price on shares of Vitalhub from C$15.00 to C$12.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 4th. Royal Bank Of Canada decreased their price target on shares of Vitalhub from C$13.00 to C$12.00 and set an "outperform" rating on the stock in a research report on Monday, January 26th. Raymond James Financial decreased their price target on shares of Vitalhub from C$15.00 to C$11.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 24th. Finally, ATB Cormark Capital Markets decreased their price target on shares of Vitalhub from C$16.50 to C$15.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 10th.

Vitalhub Trading Down 0.5%

TSE:VHI opened at C$7.99 on Wednesday. Vitalhub has a 1 year low of C$6.67 and a 1 year high of C$14.64. The firm's fifty day simple moving average is C$7.69 and its 200 day simple moving average is C$8.67. The firm has a market capitalization of C$505.22 million, a PE ratio of 79.90, a PEG ratio of 1.18 and a beta of 0.87.

Vitalhub (TSE:VHI - Get Free Report) last posted its earnings results on Wednesday, March 18th. The company reported C$0.06 earnings per share (EPS) for the quarter. Vitalhub had a net margin of 5.61% and a return on equity of 2.75%. The business had revenue of C$31.39 million for the quarter. As a group, analysts anticipate that Vitalhub will post 0.2296467 EPS for the current fiscal year.

Insider Buying and Selling at Vitalhub

In related news, Director Francis Nelson Shen purchased 50,000 shares of the firm's stock in a transaction on Thursday, March 26th. The shares were bought at an average cost of C$6.99 per share, for a total transaction of C$349,500.00. Following the transaction, the director directly owned 50,000 shares of the company's stock, valued at approximately C$349,500. This trade represents a ∞ increase in their position. Also, Director Anthony Pius Shen purchased 7,000 shares of the firm's stock in a transaction on Monday, March 30th. The stock was bought at an average price of C$7.11 per share, for a total transaction of C$49,770.00. Following the completion of the transaction, the director directly owned 12,470 shares in the company, valued at approximately C$88,661.70. The trade was a 127.97% increase in their ownership of the stock. Insiders acquired a total of 496,600 shares of company stock worth $3,476,470 over the last 90 days. Company insiders own 18.57% of the company's stock.

About Vitalhub

Vitalhub Corp is Canada-based firm that develops technology solutions for health and human services providers in the mental health (child through adult), long term care, community health service, home health, social service, and acute care sectors. Its technologies include blockchain, mobile, patient flow, web-based assessment, and electronic health record solutions.

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