Definitive Healthcare (NASDAQ:DH) Raised to “Hold” at Zacks Investment Research

Definitive Healthcare (NASDAQ:DH – Get Rating) was upgraded by Zacks Investment decision Exploration from a “sell” rating to a “hold” ranking in a exploration notice issued on Thursday, Zacks.com reports.

In accordance to Zacks, “Definitive Health care Corp. provides healthcare commercial intelligence. The company’s SaaS platform creates new paths in the health care market. Definitive Healthcare Corp. is based in FRAMINGHAM, Mass. “

Other equities analysts also a short while ago issued investigation reviews about the inventory. Barclays lowered their rate goal on shares of Definitive Health care from $26.00 to $23.00 in a report on Thursday, February 24th. Jefferies Fiscal Team started off protection on shares of Definitive Health care in a report on Wednesday, December 1st. They set a “buy” score and a $36.00 cost goal on the stock. Credit rating Suisse Team decreased their cost goal on shares of Definitive Health care from $30.00 to $24.00 and established a “neutral” rating on the stock in a report on Thursday, February 24th. Canaccord Genuity Team lifted shares of Definitive Healthcare from a “hold” ranking to a “buy” score and decreased their price concentrate on for the business from $46.00 to $28.00 in a report on Thursday, February 24th. Eventually, Canaccord Genuity Group raised shares of Definitive Healthcare from a “hold” ranking to a “buy” score in a report on Thursday, February 24th. Eight financial investment analysts have rated the stock with a keep rating and 6 have assigned a invest in score to the inventory. According to information from MarketBeat.com, the inventory presently has an common ranking of “Hold” and an regular price focus on of $36.55.

Shares of DH traded down $.27 on Thursday, achieving $23.83. The company’s stock experienced a trading quantity of 328,444 shares, in contrast to its regular quantity of 664,513. The enterprise has a existing ratio of 3.77, a quick ratio of 2.20 and a personal debt-to-equity ratio of .18. The company’s 50 working day transferring normal price is $22.03. Definitive Health care has a 12-month low of $18.15 and a 12-thirty day period large of $50.30.

Definitive Healthcare (NASDAQ:DH – Get Score) very last posted its quarterly earnings facts on Wednesday, February 23rd. The firm claimed $.04 earnings for every share (EPS) for the quarter, topping analysts’ consensus estimates of $.02 by $.02. The small business had profits of $46.31 million during the quarter, in comparison to analysts’ anticipations of $44.78 million. As a group, analysts forecast that Definitive Health care will publish .11 EPS for the present-day fiscal calendar year.

In other Definitive Healthcare information, CFO Richard Douglas Booth bought 2,374 shares of Definitive Health care inventory in a transaction that occurred on Thursday, March 3rd. The shares were being acquired at an regular cost of $21.06 for each share, for a whole transaction of $49,996.44. The acquisition was disclosed in a lawful submitting with the Securities & Trade Fee, which is obtainable by way of this hyperlink.

A selection of institutional buyers and hedge funds have just lately manufactured changes to their positions in the inventory. Norges Bank purchased a new stake in Definitive Health care in the fourth quarter worth $19,401,000. BlackRock Inc. improved its situation in Definitive Health care by 50.4% in the course of the fourth quarter. BlackRock Inc. now owns 2,256,587 shares of the company’s stock valued at $61,672,000 following attaining an additional 756,587 shares all through the last quarter. Wells Fargo & Business MN greater its place in Definitive Health care by 1,110.4% in the course of the fourth quarter. Wells Fargo & Corporation MN now owns 55,932 shares of the company’s stock valued at $1,529,000 following obtaining an further 51,311 shares all through the last quarter. California Point out Instructors Retirement System bought a new situation in Definitive Healthcare during the fourth quarter valued at $173,000. Last but not least, Parametric Portfolio Associates LLC acquired a new situation in Definitive Healthcare throughout the fourth quarter valued at $429,000. Institutional buyers possess 97.34% of the company’s inventory.

About Definitive Health care (Get Score)

Definitive Healthcare Corp. gives healthcare commercial intelligence. The company’s SaaS platform makes new paths in the healthcare current market. Definitive Health care Corp. is based mostly in FRAMINGHAM, Mass.

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