Health Catalyst (NASDAQ:HCAT – Get Free Report) released its earnings results on Monday. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01, FiscalAI reports. The business had revenue of $70.76 million for the quarter, compared to analysts’ expectations of $69.24 million. Health Catalyst had a negative return on equity of 4.30% and a negative net margin of 57.20%.
Health Catalyst Trading Down 9.2%
NASDAQ HCAT traded down $0.14 during trading on Monday, hitting $1.38. 281,362 shares of the company’s stock traded hands, compared to its average volume of 763,214. The stock has a fifty day moving average of $1.37 and a two-hundred day moving average of $2.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.89 and a quick ratio of 1.89. Health Catalyst has a 12-month low of $0.96 and a 12-month high of $4.74. The firm has a market cap of $101.55 million, a P/E ratio of -0.54 and a beta of 1.63.
Institutional Trading of Health Catalyst
Institutional investors have recently added to or reduced their stakes in the business. Focus Partners Wealth purchased a new stake in Health Catalyst during the first quarter valued at about $46,000. nVerses Capital LLC purchased a new stake in shares of Health Catalyst during the fourth quarter worth about $25,000. Cresset Asset Management LLC purchased a new stake in shares of Health Catalyst during the second quarter worth about $39,000. BNP Paribas Financial Markets boosted its holdings in shares of Health Catalyst by 71.7% during the third quarter. BNP Paribas Financial Markets now owns 16,355 shares of the company’s stock worth $47,000 after purchasing an additional 6,832 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Health Catalyst by 19.6% during the second quarter. The Manufacturers Life Insurance Company now owns 26,491 shares of the company’s stock worth $100,000 after purchasing an additional 4,341 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on Health Catalyst
About Health Catalyst
Health Catalyst (NASDAQ: HCAT) is a healthcare data and analytics technology company founded in 2008 and headquartered in Salt Lake City, Utah. The company went public in 2019 and has since focused on delivering a unified data platform that helps healthcare organizations aggregate and analyze clinical, financial and operational information.
The core of Health Catalyst’s offering is the Data Operating System (DOS), a modular data management platform that integrates disparate data sources—from electronic health records to claims and patient-generated data—into a single analytics environment.
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