NantHealth Inc (NH) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of NantHealth Inc (NYSE:NH) from a sell rating to a hold rating in a report issued on Friday morning.

Other research analysts also recently issued reports about the stock. Jefferies Group LLC reduced their price target on shares of NantHealth from $5.50 to $5.00 and set a buy rating on the stock in a research report on Wednesday, August 23rd. Canaccord Genuity restated a buy rating and issued a $6.00 price target (down from $8.00) on shares of NantHealth in a research report on Monday, August 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. NantHealth presently has a consensus rating of Buy and an average price target of $8.55.

Shares of NantHealth (NYSE:NH) traded down 1.07% on Friday, hitting $4.63. 1,210,847 shares of the stock were exchanged. NantHealth has a one year low of $4.00 and a one year high of $14.62. The firm’s 50 day moving average price is $4.46 and its 200 day moving average price is $5.81. The firm’s market cap is $564.61 million.

NantHealth (NYSE:NH) last posted its quarterly earnings results 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 return on equity of 83.97% and a negative net margin of 267.11%. The business had revenue of $26.23 million during the quarter, compared to the consensus estimate of $31.28 million. During the same quarter in the previous year, the business posted ($0.15) earnings per share. The company’s quarterly revenue was down 16.7% compared to the same quarter last year. Equities analysts anticipate that NantHealth will post ($0.70) earnings per share for the current year.

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Hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale acquired a new stake in shares of NantHealth in the 2nd quarter worth about $245,000. Highbridge Capital Management LLC acquired a new stake in shares of NantHealth in the 1st quarter worth about $998,000. National Planning Corp acquired a new stake in shares of NantHealth in the 2nd quarter worth about $473,000. Bank of America Corp DE increased its holdings in shares of NantHealth by 366.4% in the 1st quarter. Bank of America Corp DE now owns 25,069 shares of the company’s stock worth $125,000 after acquiring an additional 19,694 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of NantHealth by 20.2% in the 2nd quarter. Vanguard Group Inc. now owns 423,537 shares of the company’s stock worth $1,792,000 after acquiring an additional 71,087 shares during the period.

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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