Vitalhub (TSE:VHI) Price Target Cut to C$11.00 by Analysts at National Bank Financial

Vitalhub (TSE:VHI) had its price objective decreased by stock analysts at National Bank Financial from C$14.00 to C$11.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 48.05% from the stock’s current price.

Several other brokerages have also weighed in on VHI. ATB Cormark Capital Markets reduced their price objective on Vitalhub from C$16.50 to C$15.00 and set an “outperform” rating for the company in a report on Tuesday, March 10th. Scotiabank reduced their price objective on Vitalhub from C$15.00 to C$12.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Finally, Raymond James Financial reduced their price objective on Vitalhub from C$15.00 to C$11.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to data from MarketBeat, Vitalhub currently has a consensus rating of “Buy” and a consensus price target of C$13.14.

Vitalhub Stock Performance

TSE VHI traded down C$0.06 on Wednesday, hitting C$7.43. 652,341 shares of the stock traded hands, compared to its average volume of 390,566. The business’s fifty day moving average is C$7.46 and its two-hundred day moving average is C$8.32. Vitalhub has a 12 month low of C$6.67 and a 12 month high of C$14.64. The firm has a market capitalization of C$470.02 million, a price-to-earnings ratio of 61.92, a PEG ratio of 1.18 and a beta of 0.87.

Vitalhub (TSE:VHI) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.04 earnings per share for the quarter. Vitalhub had a return on equity of 2.98% and a net margin of 6.13%.The business had revenue of C$31.91 million during the quarter. Analysts expect that Vitalhub will post 0.2296467 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Francis Nelson Shen purchased 439,600 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was purchased at an average cost of C$7.00 per share, with a total value of C$3,077,200.00. Following the completion of the acquisition, the director directly owned 588,300 shares of the company’s stock, valued at approximately C$4,118,100. The trade was a 295.63% increase in their ownership of the stock. Also, Director Anthony Pius Shen purchased 7,000 shares of the business’s stock in a transaction dated Monday, March 30th. The stock was bought at an average cost of C$7.11 per share, with a total value of C$49,770.00. Following the completion of the acquisition, the director directly owned 12,470 shares of the company’s stock, valued at approximately C$88,661.70. This trade represents a 127.97% increase in their ownership of the stock. Insiders bought 496,600 shares of company stock valued at $3,476,470 over the last ninety days. Corporate insiders own 18.57% of the company’s stock.

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.