Health Catalyst (HCAT) was downgraded to a Hold Rating at J.P. Morgan

J.P. Morgan analyst Anne Samuel downgraded Health Catalyst (HCATResearch Report) to a Hold yesterday and set a price target of $16.00. The company’s shares closed yesterday at $11.52.

According to TipRanks, Samuel is a 4-star analyst with an average return of 22.3% and a 48.00% success rate. Samuel covers the Technology sector, focusing on stocks such as Health Catalyst, Allscripts, and Change Healthcare.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Health Catalyst with a $18.86 average price target.

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HCAT market cap is currently $630.4M and has a P/E ratio of -3.95.

Based on the recent corporate insider activity of 100 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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