Walleye Capital LLC Purchases Shares of 19,915 Cue Health Inc. (NASDAQ:HLTH)

Walleye Capital LLC acquired a new stake in Cue Health Inc. (NASDAQ:HLTHGet Rating) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 19,915 shares of the company’s stock, valued at approximately $64,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in Cue Health by 84.5% during the 1st quarter. JPMorgan Chase & Co. now owns 10,264 shares of the company’s stock worth $66,000 after purchasing an additional 4,702 shares during the period. Prelude Capital Management LLC acquired a new position in Cue Health in the 1st quarter valued at about $70,000. Front Barnett Associates LLC purchased a new stake in Cue Health during the 1st quarter valued at approximately $71,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Cue Health during the 1st quarter worth approximately $76,000. Finally, ProShare Advisors LLC purchased a new position in shares of Cue Health in the 2nd quarter valued at approximately $38,000. 37.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HLTH. Morgan Stanley decreased their price target on Cue Health from $10.00 to $8.00 and set an “equal weight” rating for the company in a report on Thursday, August 11th. The Goldman Sachs Group lowered their target price on shares of Cue Health from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, October 21st. Cowen reduced their price objective on shares of Cue Health from $9.00 to $7.00 and set an “outperform” rating for the company in a research report on Monday, November 14th. BTIG Research dropped their target price on Cue Health to $7.00 in a research report on Tuesday, November 15th. Finally, Cowen dropped their price objective on Cue Health from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, November 14th.

Insider Buying and Selling

In other Cue Health news, insider Clint Sever sold 19,290 shares of the business’s stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $2.94, for a total transaction of $56,712.60. Following the sale, the insider now directly owns 3,950,280 shares in the company, valued at $11,613,823.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 225,153 shares of company stock valued at $782,204. 29.40% of the stock is owned by insiders.

Cue Health Price Performance

Shares of NASDAQ:HLTH opened at $2.89 on Tuesday. The firm has a market capitalization of $431.86 million, a price-to-earnings ratio of -3.28 and a beta of 1.35. The business’s 50 day simple moving average is $3.41 and its 200-day simple moving average is $3.88. Cue Health Inc. has a 12 month low of $2.75 and a 12 month high of $16.20.

About Cue Health

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Cue Health Inc, a healthcare technology company, designs and develops diagnostic platform for diagnostic tests for individuals, enterprises, healthcare providers and payors, and public health agencies. The company offers Cue Integrated Care platform comprising hardware and software components, such as Cue Health Monitoring System consisting of Cue Reader, a portable and reusable reader, Cue Cartridge, a single-use test cartridge, and Cue Wand, a sample collection wand; Cue Data and Innovation Layer, a solution with cloud-based data and analytics capability; Cue Virtual Care Delivery Apps, which include Cue Health App and Cue Enterprise Dashboard; and Cue Ecosystem Integrations and Apps, a solution that allows integrations with third-party applications and sensors.

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Institutional Ownership by Quarter for Cue Health (NASDAQ:HLTH)

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