NextGen Healthcare - NXGN Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NextGen Healthcare in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NXGN shares.
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4 Wall Street research analysts have issued 12-month price targets for NextGen Healthcare's stock. Their NXGN share price forecasts range from $20.00 to $26.00. On average, they predict the company's share price to reach $22.75 in the next year. This suggests a possible upside of 32.9% from the stock's current price.
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NextGen Healthcare's stock was trading at $18.78 at the beginning of the year. Since then, NXGN shares have decreased by 8.8% and is now trading at $17.12.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 16th 2023.
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NextGen Healthcare, Inc. (NASDAQ:NXGN) issued its earnings results on Thursday, October, 28th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06. The business had revenue of $149.29 million for the quarter, compared to analyst estimates of $143.47 million. NextGen Healthcare had a trailing twelve-month return on equity of 6.46% and a net margin of 3.66%. The business's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS.

ETFs with the largest weight of NextGen Healthcare (NASDAQ:NXGN) stock in their portfolio include Global X Telemedicine & Digital Health ETF (EDOC), Fidelity Digital Health ETF (FDHT), Invesco S&P SmallCap Health Care ETF (PSCH), Invesco DWA Technology Momentum ETF (PTF), ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Royce Quant Small-Cap Quality Value ETF (SQLV) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).

NextGen Healthcare issued an update on its FY23 earnings guidance on Tuesday, January, 24th. The company provided earnings per share guidance of $0.93-0.99 for the period, compared to the consensus estimate of $0.97. The company issued revenue guidance of $642-650 million, compared to the consensus revenue estimate of $639.63 million.

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.

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).

NextGen Healthcare trades on the NASDAQ under the ticker symbol "NXGN."

NextGen Healthcare's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (3.44%), William Blair Investment Management LLC (2.33%), Millennium Management LLC (2.25%), Geode Capital Management LLC (1.65%), Assenagon Asset Management S.A. (1.28%) and Lazard Asset Management LLC (1.15%). Insiders that own company stock include Craig A Barbarosh, David A Metcalfe, David Ahmadzai, David William Sides, Donna Cullen Greene, George H Bristol, James Robert Jr Arnold, John R Frantz, Lance Rosenzweig, Mitchell Waters, Sean Brynjelsen and Srinivas S Velamoor.
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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.
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One share of NXGN stock can currently be purchased for approximately $17.12.

NextGen Healthcare (NASDAQ:NXGN) has a market capitalization of $1.13 billion and generates $596.35 million in revenue each year. The company earns $1.62 million in net income (profit) each year or $0.35 on an earnings per share basis.

The company employs 2,655 workers across the globe.

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.