Definitive Healthcare (NASDAQ:DH) Stock Price Up 8.4% - Should You Buy?

Definitive Healthcare Corp. (NASDAQ:DH - Get Free Report) shot up 8.4% on Friday . The stock traded as high as $4.70 and last traded at $4.67. 124,458 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 745,816 shares. The stock had previously closed at $4.31.

Analyst Ratings Changes

DH has been the subject of a number of research analyst reports. Robert W. Baird reduced their target price on Definitive Healthcare from $6.00 to $5.00 and set a "neutral" rating for the company in a research note on Wednesday, August 7th. BTIG Research began coverage on Definitive Healthcare in a research report on Tuesday, September 17th. They issued a "buy" rating and a $7.00 target price on the stock. Barclays decreased their price objective on shares of Definitive Healthcare from $6.00 to $4.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Definitive Healthcare from $7.00 to $5.00 and set a "hold" rating on the stock in a research note on Friday, August 9th. Finally, Needham & Company LLC restated a "hold" rating on shares of Definitive Healthcare in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Definitive Healthcare currently has a consensus rating of "Hold" and an average price target of $5.81.

Definitive Healthcare Stock Down 1.6 %

The firm has a market cap of $500.02 million, a price-to-earnings ratio of -1.22, a PEG ratio of 6.27 and a beta of 1.33. The business has a fifty day simple moving average of $4.36 and a 200 day simple moving average of $5.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 2.40.

Institutional Investors Weigh In On Definitive Healthcare

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Norden Group LLC acquired a new stake in Definitive Healthcare during the first quarter worth about $83,000. Intech Investment Management LLC acquired a new stake in shares of Definitive Healthcare during the 3rd quarter worth approximately $55,000. Susquehanna Fundamental Investments LLC acquired a new position in Definitive Healthcare in the first quarter valued at approximately $120,000. Sanctuary Advisors LLC purchased a new position in Definitive Healthcare in the second quarter worth approximately $85,000. Finally, Bleakley Financial Group LLC purchased a new position in Definitive Healthcare in the third quarter worth approximately $74,000. Institutional investors and hedge funds own 98.67% of the company's stock.

Definitive Healthcare Company Profile

Definitive Healthcare Corp., together with its subsidiaries, provides software as a service (SaaS) healthcare commercial intelligence platform in the United States and internationally. Its SaaS platform provides information on healthcare providers and their activities to help its customers from product development to go-to-market planning, and sales and marketing execution.