Definitive Healthcare Corp. (NASDAQ:DH) Shares Purchased by OLD National Bancorp IN

OLD National Bancorp IN increased its holdings in shares of Definitive Healthcare Corp. (NASDAQ:DH) by 19.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,652 shares of the company’s stock after acquiring an additional 4,039 shares during the period. OLD National Bancorp IN’s holdings in Definitive Healthcare were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Global Retirement Partners LLC lifted its stake in Definitive Healthcare by 86.0% in the 3rd quarter. Global Retirement Partners LLC now owns 4,171 shares of the company’s stock worth $31,000 after purchasing an additional 1,928 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Definitive Healthcare during the 3rd quarter valued at approximately $116,000. Valeo Financial Advisors LLC increased its holdings in Definitive Healthcare by 50.8% in the 3rd quarter. Valeo Financial Advisors LLC now owns 73,033 shares of the company’s stock valued at $584,000 after purchasing an additional 24,604 shares during the last quarter. Raymond James & Associates increased its holdings in Definitive Healthcare by 24.2% in the 3rd quarter. Raymond James & Associates now owns 650,327 shares of the company’s stock valued at $5,196,000 after purchasing an additional 126,613 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Definitive Healthcare by 11.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,090,136 shares of the company’s stock valued at $8,710,000 after purchasing an additional 113,963 shares during the last quarter. 98.67% of the stock is currently owned by institutional investors and hedge funds.

Definitive Healthcare Stock Down 7.2 %

Shares of DH opened at $6.73 on Friday. Definitive Healthcare Corp. has a 1-year low of $5.53 and a 1-year high of $12.45. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.31 and a quick ratio of 2.31. The firm has a fifty day moving average price of $8.16 and a 200 day moving average price of $8.29.

Definitive Healthcare (NASDAQ:DH) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Definitive Healthcare had a negative net margin of 80.40% and a positive return on equity of 0.43%. The company had revenue of $65.93 million during the quarter, compared to analysts’ expectations of $66.01 million. Research analysts anticipate that Definitive Healthcare Corp. will post 0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Canaccord Genuity Group lifted their target price on shares of Definitive Healthcare from $9.00 to $10.00 and gave the company a “hold” rating in a report on Thursday, February 29th. Needham & Company LLC downgraded shares of Definitive Healthcare from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Canaccord Genuity Group downgraded shares of Definitive Healthcare from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Stifel Nicolaus dropped their price target on shares of Definitive Healthcare from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, January 17th. Finally, Barclays boosted their target price on shares of Definitive Healthcare from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday, March 1st. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Definitive Healthcare currently has an average rating of “Hold” and an average price target of $11.31.

Definitive Healthcare Profile

Definitive Healthcare Corp., together with its subsidiaries, provides software as a service (SaaS) healthcare commercial intelligence platform in the United States and internationally. Its SaaS platform provides information on healthcare providers and their activities to help its customers from product development to go-to-market planning, and sales and marketing execution.