NantHealth (NASDAQ:NH) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of NantHealth (NASDAQ:NH – Get Rating) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

NantHealth Trading Down 46.6 %

Shares of NantHealth stock opened at $1.35 on Wednesday. The company has a 50 day moving average of $2.06 and a 200-day moving average of $2.24. 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 1-year low of $1.24 and a 1-year high of $9.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP bought a new position in shares of NantHealth in the first quarter valued at approximately $25,000. Goldman Sachs Group Inc. purchased a new position in shares of NantHealth during the 2nd quarter valued at about $36,000. Atria Wealth Solutions Inc. bought a new stake in NantHealth in the 1st quarter worth approximately $170,000. Finally, Millennium Management LLC bought a new position in NantHealth during the second quarter valued at approximately $110,000. Institutional investors own 4.50% of the company’s stock.

NantHealth Company Profile

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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.