Berenberg Bank analyst Dev Weerasuriya maintained a Buy rating on Health Catalyst (HCAT – Research Report) today and set a price target of $17.00. The company’s shares closed yesterday at $6.47.
According to TipRanks, Weerasuriya is an analyst with an average return of -16.7% and a 31.03% success rate. Weerasuriya covers the Technology sector, focusing on stocks such as Omnicell, Health Catalyst, and Accolade.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Health Catalyst with a $15.00 average price target.
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Based on Health Catalyst’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $70.63 million and a GAAP net loss of $33.43 million. In comparison, last year the company earned a revenue of $59.63 million and had a GAAP net loss of $35.83 million
Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HCAT in relation to earlier this year.
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Health Catalyst, Inc. engages in the provision of data and analytics technology and services to healthcare organizations. It operates through the Technology, and Professional Services segments. The Technology segment includes its data platform, analytics applications, and support services. The Professional Services segment combines analytics, implementation, strategic advisory, outsource, and improvement services to deliver expertise to its customers. The company was founded by Steven C. Barlow and Thomas D. Burton in 2008 and is headquartered in Salt Lake City, UT.
Read More on HCAT:
- Health Catalyst initiated with an Equal Weight at Wells Fargo
- Health Catalyst to Announce Third Quarter 2022 Operating Results and Host Conference Call on Tuesday, November 8, 2022
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations
- Health Catalyst downgraded on longer profitability path at RBC Capital
- Health Catalyst downgraded to Sector Perform from Outperform at RBC Capital