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

Health Catalyst (HCATResearch Report) received a Hold rating and a $16.00 price target from J.P. Morgan analyst Anne Samuel yesterday. The company’s shares closed yesterday at $11.18.

Samuel covers the Technology sector, focusing on stocks such as Health Catalyst, Signify Health, and Allscripts. According to TipRanks, Samuel has an average return of 21.7% and a 50.98% success rate on recommended stocks.

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

See the top stocks recommended by analysts >>

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 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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