NantHealth (NASDAQ:NH) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of NantHealth (NASDAQ:NH) in a note issued to investors on Monday. The firm set a “hold” rating on the stock.

NantHealth Stock Down 46.6 %

Shares of NH opened at $1.35 on Monday. The business has a fifty day moving average of $0.36 and a 200 day moving average of $0.39. The company has a market cap of $10.40 million, a PE ratio of -0.18 and a beta of 1.82. NantHealth has a 52-week low of $1.24 and a 52-week high of $9.75.

Institutional Trading of NantHealth

A number of large investors have recently modified their holdings of the company. Atria Wealth Solutions Inc. boosted its stake in NantHealth by 117.7% in the second quarter. Atria Wealth Solutions Inc. now owns 491,942 shares of the company’s stock valued at $205,000 after acquiring an additional 265,949 shares in the last quarter. Millennium Management LLC purchased a new position in shares of NantHealth in the second quarter worth about $110,000. Goldman Sachs Group Inc. purchased a new stake in NantHealth during the 2nd quarter valued at about $36,000. Finally, Susquehanna International Group LLP acquired a new stake in NantHealth in the 1st quarter valued at about $25,000. Hedge funds and other institutional investors own 4.50% of the company’s stock.

NantHealth Company Profile

NantHealth, Inc engages in the provision of enterprise solutions that help businesses transform complex data into actionable insights. It is also involved in marketing solutions as a comprehensive integrated solution that includes clinical decision support, payer engagement solutions, data analysis, and network monitoring and management.