Vitalhub (TSE:VHI) Stock Price Down 1.2% - Here's What Happened

Key Points

• Vitalhub Corp. (TSE:VHI) stock declined by 1.2%, finishing at C$11.27, with trading volume down by 21% compared to its average.
• Analysts have generally optimistic views on Vitalhub, with multiple firms raising their target prices, culminating in a consensus target price of C$14.83 and an average rating of "Buy."
• Insider transactions showed significant selling, with key directors reducing their stakes; one sold 20,000 shares for C$258,000 and another 150,000 shares for nearly C$1.91 million.

Vitalhub Corp. (TSE:VHI - Get Free Report) was down 1.2% during trading on Thursday . The stock traded as low as C$11.22 and last traded at C$11.27. Approximately 118,293 shares changed hands during trading, a decline of 21% from the average daily volume of 149,458 shares. The stock had previously closed at C$11.41.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on VHI shares. TD Securities raised their target price on Vitalhub from C$15.00 to C$16.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. National Bankshares set a C$16.00 price target on Vitalhub and gave the stock an "outperform" rating in a report on Thursday, August 21st. Scotiabank increased their price target on Vitalhub from C$14.00 to C$14.50 and gave the stock an "outperform" rating in a report on Friday, June 20th. Raymond James Financial increased their price target on Vitalhub from C$14.50 to C$15.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Finally, Royal Bank Of Canada set a C$15.00 price target on Vitalhub and gave the stock a "moderate buy" rating in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company's stock. According to MarketBeat, Vitalhub currently has an average rating of "Buy" and a consensus target price of C$14.83.

Vitalhub Stock Down 1.2%

The company has a 50-day moving average of C$12.11 and a 200-day moving average of C$11.31. The company has a market cap of C$708.09 million, a PE ratio of 140.88, a PEG ratio of 1.18 and a beta of 0.62.

Insider Buying and Selling at Vitalhub

In other Vitalhub news, Director Steve Garrington sold 20,000 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of C$12.90, for a total value of C$258,000.00. Following the transaction, the director owned 60,000 shares of the company's stock, valued at approximately C$774,000. The trade was a 25.00% decrease in their ownership of the stock. Also, Director Danny Matlow sold 150,000 shares of the business's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of C$12.75, for a total value of C$1,912,500.00. Following the completion of the transaction, the director directly owned 520,001 shares in the company, valued at approximately C$6,630,012.75. This represents a 22.39% decrease in their position. 18.57% of the stock is currently owned by insiders.

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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