NantHealth Inc (NYSE:NH) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday.

Several other brokerages have also recently issued reports on NH. Jefferies Group LLC reaffirmed a “buy” rating and set a $5.50 target price (down previously from $8.00) on shares of NantHealth in a research report on Monday, June 19th. Canaccord Genuity reaffirmed a “buy” rating and set a $6.00 target price (down previously from $8.00) on shares of NantHealth in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $8.55.

Shares of NantHealth (NYSE NH) traded up 4.75% during midday trading on Friday, hitting $3.97. The stock had a trading volume of 162,338 shares. The company’s 50 day moving average is $3.60 and its 200 day moving average is $4.13. The firm’s market cap is $484.13 million. NantHealth has a 52 week low of $2.60 and a 52 week high of $15.80.

NantHealth (NYSE:NH) last announced its earnings results on Thursday, August 10th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by $0.32. The company had revenue of $26.23 million for the quarter, compared to analysts’ expectations of $31.28 million. NantHealth had a negative net margin of 267.11% and a negative return on equity of 83.97%. The firm’s quarterly revenue was down 16.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.15) EPS. On average, equities analysts predict that NantHealth will post ($0.70) earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the business. TIAA CREF Investment Management LLC boosted its position in NantHealth by 68.6% in the first quarter. TIAA CREF Investment Management LLC now owns 20,200 shares of the company’s stock worth $100,000 after purchasing an additional 8,217 shares during the last quarter. Alliancebernstein L.P. purchased a new position in NantHealth in the second quarter worth $102,000. GSA Capital Partners LLP purchased a new position in NantHealth in the second quarter worth $121,000. Bank of America Corp DE boosted its position in NantHealth by 366.4% in the first quarter. Bank of America Corp DE now owns 25,069 shares of the company’s stock worth $125,000 after purchasing an additional 19,694 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in NantHealth by 351.8% in the second quarter. Teachers Advisors LLC now owns 31,578 shares of the company’s stock worth $134,000 after purchasing an additional 24,588 shares during the last quarter.

About NantHealth

NantHealth, Inc is a healthcare cloud-based information technology (IT) company. The Company is engaged in converging science and technology through a single integrated clinical platform, to provide actionable health information at the point of care. The Company offers the Genomic Proteomic Spectrometry (GPS) Cancer test, a molecular test and decision support solution that measures the proteins present in the patient’s tumor tissue, combined with whole genomic and transcriptomic sequencing of tumor and normal samples.

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