NantHealth (NASDAQ:NH) Now Covered by StockNews.com

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

NantHealth Price Performance

NH opened at $1.38 on Wednesday. The business has a 50 day simple moving average of $2.03 and a 200-day simple moving average of $2.24. NantHealth has a 12 month low of $1.24 and a 12 month high of $9.75. The stock has a market capitalization of $10.63 million, a P/E ratio of -0.18 and a beta of 1.82.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP acquired a new position in shares of NantHealth during the 1st quarter worth $25,000. Goldman Sachs Group Inc. acquired a new position in NantHealth during the second quarter worth about $36,000. Millennium Management LLC purchased a new stake in shares of NantHealth in the second quarter valued at about $110,000. Finally, Atria Wealth Solutions Inc. grew its position in shares of 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 purchasing an additional 265,949 shares during the last quarter. 4.50% of the stock is owned by hedge funds and other institutional investors.

About NantHealth

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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.