NantHealth (NASDAQ:NH) Upgraded to Sell by BidaskClub

NantHealth (NASDAQ:NH) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday, January 9th.

NH has been the topic of a number of other research reports. Zacks Investment Research downgraded NantHealth from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Jefferies Group reiterated a “buy” rating and issued a $5.00 price objective on shares of NantHealth in a report on Thursday, September 28th. Finally, Canaccord Genuity dropped their price target on NantHealth from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, November 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. NantHealth currently has an average rating of “Buy” and an average price target of $8.05.

NantHealth (NASDAQ:NH) opened at $3.86 on Tuesday. NantHealth has a 12 month low of $2.60 and a 12 month high of $9.86. The company has a current ratio of 2.38, a quick ratio of 2.36 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $417.07, a PE ratio of -2.17 and a beta of -1.50.

NantHealth (NASDAQ:NH) last posted its quarterly earnings results on Thursday, November 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. The company had revenue of $21.76 million for the quarter, compared to analyst estimates of $29.42 million. NantHealth had a negative return on equity of 46.09% and a negative net margin of 225.76%. NantHealth’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.18) EPS. analysts forecast that NantHealth will post -1.35 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. acquired a new position in NantHealth during the second quarter worth $102,000. GSA Capital Partners LLP acquired a new position in NantHealth during the second quarter worth $121,000. Teachers Advisors LLC raised its holdings in NantHealth by 351.8% during 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. California State Teachers Retirement System raised its holdings in NantHealth by 132.4% during the second quarter. California State Teachers Retirement System now owns 31,600 shares of the company’s stock worth $134,000 after purchasing an additional 18,000 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. acquired a new position in NantHealth during the third quarter worth $180,000. 7.10% of the stock is owned by institutional investors and hedge funds.

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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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