NASDAQ:NXGN

NextGen Healthcare (NXGN) Stock Forecast, Price & News

$23.74

+0.01 (+0.04%)

(As of 01:33 PM ET)

Compare

Today's Range: $23.73
▼
$23.75
50-Day Range: $16.15
▼
$23.75
52-Week Range: $15.23
▼
$23.85

Volume: 303,380 shs
Average Volume: 630,440 shs
Market Capitalization: $1.59 billion

P/E Ratio: 791.33
Dividend Yield: N/A
Price Target: $22.41

NextGen Healthcare MarketRank™ Forecast

Analyst Rating: Hold
2.14 Rating Score
Upside/Downside: 5.6% Downside
$22.41 Price Target
Short Interest: Bearish
7.88% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.52
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 20.29%
From $0.69 to $0.83 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.74 out of 5 stars

Medical Sector

830th out of 969 stocks

Computer Integrated Systems Design Industry

33rd out of 37 stocks

2.1

Analyst's Opinion

Consensus Rating
NextGen Healthcare has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 1 buy rating, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $22.41, NextGen Healthcare has a forecasted downside of 5.6% from its current price of $23.74.
Amount of Analyst Coverage
NextGen Healthcare has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
7.88% of the float of NextGen Healthcare has been sold short.
Short Interest Ratio / Days to Cover
NextGen Healthcare has a short interest ratio ("days to cover") of 4.2.
Change versus previous month
Short interest in NextGen Healthcare has recently increased by 34.38%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
NextGen Healthcare does not currently pay a dividend.
Dividend Growth
NextGen Healthcare does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NXGN.

3.1

News and Social Media Coverage

News Sentiment
NextGen Healthcare has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.69 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for NextGen Healthcare this week, compared to 4 articles on an average week.
Search Interest
4 people have searched for NXGN on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.
MarketBeat Follows
5 people have added NextGen Healthcare to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NextGen Healthcare insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.60% of the stock of NextGen Healthcare is held by insiders.
Percentage Held by Institutions
76.65% of the stock of NextGen Healthcare is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for NextGen Healthcare are expected to grow by 20.29% in the coming year, from $0.69 to $0.83 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NextGen Healthcare is 791.33, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 111.60.
Price to Earnings Ratio vs. Sector
The P/E ratio of NextGen Healthcare is 791.33, which means that it is trading at a more expensive P/E ratio than the Medical sector average P/E ratio of about 100.60.
Price to Book Value per Share Ratio
NextGen Healthcare has a P/B Ratio of 3.91. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About NextGen Healthcare (NASDAQ:NXGN) Stock

NextGen Healthcare, Inc. provides healthcare technology solutions in the United States. The company offers clinical care solutions, including NextGen Enterprise EHR; financial solutions, such as NextGen Enterprise PM; patient engagement solutions comprising NextGen Virtual Visits; integrated clinical care and financial solutions consisting of NextGen Office; interoperability solutions that include NextGen Share and Mirth Connect; data and analytics solutions, which comprise NextGen Health Data Hub; and value based care solutions, including NextGen Population Health Solutions. It also provides managed services, such as revenue cycle management services comprising billing and collections, electronic claims submission and denials management, electronic remittance and payment posting, and accounts receivable follow-up; and client and support services. Further, the company offers professional services consisting of training, project management, installation services, and application managed services; and consulting services that include physician, professional, and technical consulting; assisting clients to optimize their staffing and software solutions; enhancing financial and clinical outcomes; achieving regulatory requirements; and meeting the requirements of healthcare reform. It serves accountable care organizations, independent physician associations, managed service organizations, veterans service organizations, dental service organizations, ambulatory care centers, and community health centers through a direct sales force and reseller channel. The company was formerly known as Quality Systems, Inc. and changed its name to NextGen Healthcare, Inc. in September 2018. NextGen Healthcare, Inc. was incorporated in 1974 and is based in Atlanta, Georgia.

NXGN Price History

30 days | 90 days | 365 days | Advanced Chart

NXGN Stock News Headlines

October 2, 2023 | americanbankingnews.com

NextGen Healthcare (NASDAQ:NXGN) Now Covered by StockNews.com

September 28, 2023 | markets.businessinsider.com

NextGen Healthcare (NXGN) Receives a Hold from Truist Financial

October 2, 2023 | Goldco (Ad)

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September 26, 2023 | msn.com

Triveni Digital to Share Strategies for Efficient NextGen TV Delivery

September 26, 2023 | finance.yahoo.com

NextGen (NXGN) Extends Agreement to Boost Athletico's Footprint

September 25, 2023 | finance.yahoo.com

NextGen Healthcare Supports Athletico Physical Therapy’s Growing Footprint

September 24, 2023 | americanbankingnews.com

NextGen Healthcare (NASDAQ:NXGN) Now Covered by Analysts at StockNews.com

September 15, 2023 | benzinga.com

Moore Kuehn Encourages AGE, ACER, NXGN, and SUM Investors to Contact Law Firm

October 2, 2023 | Goldco (Ad)

Biden's Digital Dollar Nightmare

September 12, 2023 | finance.yahoo.com

Clearwater CFO Baxter Lee Named to Tennessee HIMSS Board

September 8, 2023 | finance.yahoo.com

Thoma Bravo Weighs $1 Billion Private Credit Loan for NextGen Acquisition

September 8, 2023 | finance.yahoo.com

Why NextGen Healthcare Stock Was Zooming Higher This Week

September 7, 2023 | markets.businessinsider.com

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates NXGN, SUM, TCPC, BKCC

September 7, 2023 | benzinga.com

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of NextGen Healthcare, Inc.

September 6, 2023 | benzinga.com

Shareholder Alert: Ademi LLP investigates whether NextGen Healthcare, Inc. has obtained a Fair Price in its transaction with Thoma Bravo

September 6, 2023 | msn.com

Why Is Healthcare Tech Firm NextGen Healthcare's Stock Trading Higher Today?

September 6, 2023 | marketwatch.com

NextGen Healthcare to agrees to be bought by Thoma Bravo for $1.6 billion in cash

September 6, 2023 | markets.businessinsider.com

NextGen Healthcare To Be Taken Private By Thoma Bravo For $23.95/share Cash

September 6, 2023 | seekingalpha.com

Thoma Bravo confirms deal to buy NextGen Healthcare for $23.95 a share

September 6, 2023 | msn.com

Why Shares of NextGen Healthcare Are Rising Wednesday

September 6, 2023 | seekingalpha.com

NextGen: Potential Thoma Bravo Deal Inching Closer - A Look At The Moving Parts

September 6, 2023 | investing.com

NextGen Healthcare taken private by Thoma Bravo, key facts about the deal

September 6, 2023 | finance.yahoo.com

NextGen Healthcare Enters into Definitive Agreement to Be Acquired by Thoma Bravo

September 5, 2023 | finance.yahoo.com

Unveiling NextGen Healthcare's Value: Is It Really Priced Right? A Comprehensive Guide

September 5, 2023 | msn.com

Thoma Bravo in advanced talks to purchase NextGen Healthcare - report

September 5, 2023 | finance.yahoo.com

Thoma Bravo Nears Deal for NextGen Healthcare

September 4, 2023 | finance.yahoo.com

Nextgen Healthcare (NXGN) Surges 6.2%: Is This an Indication of Further Gains?

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NXGN Company Calendar

Last Earnings: 7/24/2023
Today: 10/02/2023
Next Earnings (Estimated): 10/24/2023
Fiscal Year End: 3/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer integrated systems design
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:NXGN
CUSIP: N/A
CIK: 708818
Web: www.nextgen.com
Phone: (949) 255-2600
Fax: 949-255-2605
Employees: 2,783
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $22.41
High Stock Price Forecast: $25.00
Low Stock Price Forecast: $17.00
Forecasted Upside/Downside: -5.5%
Consensus Rating: Hold
Rating Score (0-4): 2.14
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.03
Trailing P/E Ratio: 791.00
Forward P/E Ratio: 34.39
P/E Growth: N/A
Net Income: $-2,650,000.00
Net Margins: 0.35%
Pretax Margin: 1.76%
Return on Equity: 10.09%
Return on Assets: 5.17%

Debt

Debt-to-Equity Ratio: 0.65
Current Ratio: 2.23
Quick Ratio: 2.23

Sales & Book Value

Annual Sales: $653.17 million
Price / Sales: 2.43
Cash Flow: $1.16 per share
Price / Cash Flow: 20.39
Book Value: $6.07 per share
Price / Book: 3.91

Miscellaneous

Outstanding Shares: 67,020,000
Free Float: 63,935,000
Market Cap: $1.59 billion
Optionable: Optionable
Beta: 0.87

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Key Executives

Mr. David William Sides (Age 52)
CEO, Pres & Director
Comp: $1.3M

Mr. James Robert Arnold Jr. (Age 67)
Exec. VP & CFO
Comp: $918.19k

Mr. Jeffrey D. Linton (Age 60)
Exec. VP, Gen. Counsel & Sec.
Comp: $653.27k

Mr. Mitchell L. Waters (Age 59)
Exec. VP of Commercial Growth
Comp: $778k

Mr. Srinivas S. Velamoor (Age 48)
Exec. VP and Chief Growth & Strategy Officer
Comp: $849.85k

Mr. David Ahmadzai
Sr. VP, Corp. Controller & Chief Accounting Officer

Mr. Steven Kilby
Chief Technology Officer

Mr. David Slazyk
Chief Information & Security Officer

Ms. Colleen Edwards
Sr. VP of Marketing

Ms. Donna Cullen Greene (Age 60)
Exec. VP of HR

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NXGN Stock - Frequently Asked Questions

Should I buy or sell NextGen Healthcare stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NextGen Healthcare in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NXGN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NXGN, but not buy additional shares or sell existing shares.
View NXGN analyst ratings or view top-rated stocks.
What is NextGen Healthcare's stock price forecast for 2023?: 7 Wall Street analysts have issued twelve-month price objectives for NextGen Healthcare's stock. Their NXGN share price forecasts range from $17.00 to $25.00. On average, they expect the company's share price to reach $22.41 in the next twelve months. This suggests that the stock has a possible downside of 5.5%.
View analysts price targets for NXGN or view top-rated stocks among Wall Street analysts.
How have NXGN shares performed in 2023?: NextGen Healthcare's stock was trading at $18.78 on January 1st, 2023. Since then, NXGN shares have increased by 26.4% and is now trading at $23.73.
View the best growth stocks for 2023 here.
Are investors shorting NextGen Healthcare?: NextGen Healthcare saw a increase in short interest in September. As of September 15th, there was short interest totaling 4,300,000 shares, an increase of 34.4% from the August 31st total of 3,200,000 shares. Based on an average daily volume of 1,030,000 shares, the days-to-cover ratio is presently 4.2 days. Approximately 7.9% of the company's shares are short sold.
View NextGen Healthcare's Short Interest.
When is NextGen Healthcare's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our NXGN earnings forecast.
How were NextGen Healthcare's earnings last quarter?: NextGen Healthcare, Inc. (NASDAQ:NXGN) announced its quarterly earnings results on Monday, July, 24th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. The business had revenue of $178.21 million for the quarter, compared to analysts' expectations of $173.45 million. NextGen Healthcare had a trailing twelve-month return on equity of 10.09% and a net margin of 0.35%. NextGen Healthcare's revenue was up 16.2% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS.
What ETFs hold NextGen Healthcare's stock?: ETFs with the largest weight of NextGen Healthcare (NASDAQ:NXGN) stock in their portfolio include Global X Telemedicine & Digital Health ETF (EDOC) and Fidelity Digital Health ETF (FDHT).Invesco S&P SmallCap Health Care ETF (PSCH).
What guidance has NextGen Healthcare issued on next quarter's earnings?: NextGen Healthcare updated its FY 2024 earnings guidance on Tuesday, July, 25th. The company provided earnings per share guidance of $1.04-$1.11 for the period, compared to the consensus estimate of $1.08. The company issued revenue guidance of $714.00 million-$722.00 million, compared to the consensus revenue estimate of $717.95 million.

What is Rusty Frantz's approval rating as NextGen Healthcare's CEO?: 248 employees have rated NextGen Healthcare Chief Executive Officer Rusty Frantz on Glassdoor.com. Rusty Frantz has an approval rating of 72% among the company's employees.
What other stocks do shareholders of NextGen Healthcare own?: Based on aggregate information from My MarketBeat watchlists, some companies that other NextGen Healthcare investors own include Altria Group (MO), Verizon Communications (VZ), Exxon Mobil (XOM), Best Buy (BBY), Enbridge (ENB), Enterprise Products Partners (EPD), Huntington Bancshares (HBAN), Netflix (NFLX), Tapestry (TPR) and Twitter (TWTR).
What is NextGen Healthcare's stock symbol?: NextGen Healthcare trades on the NASDAQ under the ticker symbol "NXGN."
How do I buy shares of NextGen Healthcare?: Shares of NXGN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is NextGen Healthcare's stock price today?: One share of NXGN stock can currently be purchased for approximately $23.73.
How much money does NextGen Healthcare make?: NextGen Healthcare (NASDAQ:NXGN) has a market capitalization of $1.59 billion and generates $653.17 million in revenue each year. The company earns $-2,650,000.00 in net income (profit) each year or $0.03 on an earnings per share basis.
How many employees does NextGen Healthcare have?: The company employs 2,783 workers across the globe.
How can I contact NextGen Healthcare?: NextGen Healthcare's mailing address is 18111 Von Karman Avenue Suite 800, Irvine CA, 92612. The official website for the company is www.nextgen.com. The company can be reached via phone at (949) 255-2600, via email at ir@nextgen.com, or via fax at 949-255-2605.

This page (NASDAQ:NXGN) was last updated on 10/2/2023 by MarketBeat.com Staff

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