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Health Catalyst (NASDAQ:HCAT) Shares Down 7.7%

Financial News Live · Sep 22, 2022 17:43

Health Catalyst, Inc. (NASDAQ:HCAT – Get Rating) shares dropped 7.7% on Thursday . The company traded as low as $9.24 and last traded at $9.27. Approximately 11,230 shares traded hands during trading, a decline of 99% from the average daily volume of 1,135,162 shares. The stock had previously closed at $10.04.

Wall Street Analyst Weigh In

HCAT has been the topic of a number of research reports. KeyCorp started coverage on shares of Health Catalyst in a report on Thursday, September 15th. They set a "sector weight" rating on the stock. The Goldman Sachs Group dropped their target price on shares of Health Catalyst from $29.00 to $18.00 and set a "buy" rating on the stock in a research report on Wednesday, August 10th. Piper Sandler downgraded shares of Health Catalyst from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $21.00 to $11.00 in a report on Tuesday, September 13th. Stifel Nicolaus downgraded shares of Health Catalyst from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $27.00 to $16.00 in a report on Friday, August 5th. Finally, JPMorgan Chase & Co. downgraded shares of Health Catalyst from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $20.00 to $16.00 in a report on Friday, August 5th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $25.92.

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Health Catalyst Stock Down 7.4 %

The stock has a market cap of $508.92 million, a P/E ratio of -3.19 and a beta of 1.23. The business's 50-day simple moving average is $13.20 and its two-hundred day simple moving average is $16.71.

Health Catalyst (NASDAQ:HCAT – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.45) by $0.09. Health Catalyst had a negative net margin of 54.64% and a negative return on equity of 18.31%. The firm had revenue of $70.63 million for the quarter, compared to the consensus estimate of $69.78 million. Analysts anticipate that Health Catalyst, Inc. will post -1.8 earnings per share for the current fiscal year.

Insider Transactions at Health Catalyst

In other news, Director Duncan Gallagher purchased 8,400 shares of the stock in a transaction dated Thursday, August 18th. The shares were purchased at an average cost of $11.69 per share, with a total value of $98,196.00. Following the completion of the acquisition, the director now owns 28,805 shares in the company, valued at approximately $336,730.45. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last ninety days, insiders have sold 1,964 shares of company stock valued at $26,306. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Health Catalyst

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers raised its stake in Health Catalyst by 0.8% in the fourth quarter. Rhumbline Advisers now owns 49,095 shares of the company's stock valued at $1,945,000 after purchasing an additional 409 shares in the last quarter. Arizona State Retirement System raised its stake in Health Catalyst by 6.1% in the second quarter. Arizona State Retirement System now owns 12,696 shares of the company's stock valued at $184,000 after purchasing an additional 735 shares in the last quarter. Fairfield Bush & CO. purchased a new stake in Health Catalyst in the first quarter valued at approximately $25,000. Manchester Capital Management LLC raised its stake in Health Catalyst by 667.5% in the first quarter. Manchester Capital Management LLC now owns 1,159 shares of the company's stock valued at $30,000 after purchasing an additional 1,008 shares in the last quarter. Finally, US Bancorp DE raised its stake in Health Catalyst by 14.0% in the first quarter. US Bancorp DE now owns 9,260 shares of the company's stock valued at $242,000 after purchasing an additional 1,139 shares in the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

Health Catalyst Company Profile

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Health Catalyst, Inc provides data and analytics technology and services to healthcare organizations. Its offerings include data and analytics platform, a commercial-grade data and analytics platform for the healthcare sector; AI and data science, providing integration of AI into existing business intelligence tools, increasing analytics accuracy; population health management identifies improvement across the care continuum as well as actionable guidance for success and automated workflows; financial transformation providing costing and labor productivity insights and revenue capture; quality and safety improvement using clinical quality and patient safety data, analytics, and expert services; and national data ecosystem for thought leadership and mutual knowledge exchange to transform care delivery through next-gen insights.