NantHealth Inc (NH) Receives Average Rating of “Buy” from Analysts
Shares of NantHealth Inc (NYSE:NH) have been assigned an average recommendation of “Buy” from the six analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $9.25.
A number of equities analysts have recently weighed in on NH shares. Jefferies Group LLC reiterated a “buy” rating and set a $5.00 target price on shares of NantHealth in a research note on Thursday, September 28th. BidaskClub lowered NantHealth from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded NantHealth from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research note on Thursday, October 12th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $6.00 target price (down previously from $8.00) on shares of NantHealth in a research note on Monday, August 21st.
NantHealth (NYSE:NH) opened at 3.86 on Friday. The firm has a 50-day moving average price of $4.27 and a 200 day moving average price of $4.27. The company’s market capitalization is $470.71 million. NantHealth has a 12 month low of $3.67 and a 12 month high of $13.26.
NantHealth (NYSE:NH) last released its quarterly earnings data on Thursday, August 10th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.32). NantHealth had a negative net margin of 267.11% and a negative return on equity of 83.97%. The business had revenue of $26.23 million during the quarter, compared to analyst estimates of $31.28 million. During the same period in the previous year, the business earned ($0.15) earnings per share. The business’s quarterly revenue was down 16.7% on a year-over-year basis. Analysts expect that NantHealth will post ($0.70) EPS for the current year.
In other NantHealth news, COO Ronald Allen Louks sold 26,820 shares of the firm’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $4.28, for a total transaction of $114,789.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
A number of institutional investors have recently bought and sold shares of NH. Highbridge Capital Management LLC bought a new position in NantHealth during the 1st quarter worth $998,000. National Planning Corp bought a new position in NantHealth during the 2nd quarter worth $473,000. Renaissance Technologies LLC bought a new position in NantHealth during the 1st quarter worth $457,000. Northern Trust Corp increased its stake in NantHealth by 133.9% during the 2nd quarter. Northern Trust Corp now owns 151,907 shares of the company’s stock worth $643,000 after acquiring an additional 86,955 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in NantHealth by 91.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 169,603 shares of the company’s stock worth $717,000 after acquiring an additional 81,024 shares during the period.
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NantHealth Company Profile
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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