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NASDAQ:CHNG

Change Healthcare (CHNG) Stock Price, News & Analysis

Change Healthcare logo

About Change Healthcare Stock (NASDAQ:CHNG)

Key Stats

Today's Range
$27.49
$27.49
50-Day Range
$24.57
$27.49
52-Week Range
$18.97
$27.59
Volume
3 shs
Average Volume
3.70 million shs
Market Capitalization
$9.03 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

Change Healthcare Inc., an independent healthcare technology company, provides data and analytics-driven solutions to enhance clinical, financial, administrative, and patient engagement outcomes in the United States healthcare system. It operates through three segments: Software and Analytics, Network Solutions, and Technology-Enabled Services. The Software and Analytics segment offers software and analytics solutions for revenue cycle management, provider network management, payment accuracy, clinical decision support, value-based payment, consumer engagement, risk adjustment and quality performance, and imaging and clinical workflow. The Network Solutions segment provides solutions for financial, administrative, and clinical and pharmacy transactions; connected consumer health; network; electronic payments; data; pharmacy; and aggregation and analytics of clinical and financial data. The Technology-Enabled Services segment offers solutions for financial and administrative management, value-based care, communication and payment, pharmacy benefits administration, and healthcare consulting. The company serves commercial insurers, private insurers, BlueCross Blue Shield plans, Medicare/Medicaid plans, provider-sponsored payers, third party administrators, emerging technology and data-driven health plans, and other specialty health benefits insurers, as well as hospitals and health systems, physician practices, dentists, pharmacies, skilled nursing facilities, home health agencies, telehealth providers, senior care facilities, laboratories, and other healthcare providers. Change Healthcare Inc. was incorporated in 2016 and is headquartered in Nashville, Tennessee.

Change Healthcare Stock Analysis - MarketRank™

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25th Percentile Overall Score

CHNG MarketRank™: 

Change Healthcare scored higher than 25% of companies evaluated by MarketBeat, and ranked 866th out of 949 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    There is not enough analysis data for Change Healthcare.

  • Earnings Growth

    Earnings for Change Healthcare are expected to grow by 18.10% in the coming year, from $1.05 to $1.24 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Change Healthcare is -114.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Change Healthcare is -114.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Growth Ratio

    Change Healthcare has a PEG Ratio of 3.26. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Change Healthcare has a P/B Ratio of 2.62. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for CHNG.
  • Dividend Yield

    Change Healthcare does not currently pay a dividend.

  • Dividend Growth

    Change Healthcare does not have a long track record of dividend growth.

  • Short Interest

    There is no current short interest data available for CHNG.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Change Healthcare this week, compared to 2 articles on an average week.
  • Search Interest

    Only 2 people have searched for CHNG on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Change Healthcare insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.14% of the stock of Change Healthcare is held by insiders.

  • Percentage Held by Institutions

    91.47% of the stock of Change Healthcare is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Change Healthcare's insider trading history.
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CHNG Stock News Headlines

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CHNG Stock Analysis - Frequently Asked Questions

Change Healthcare Inc. (NASDAQ:CHNG) announced its earnings results on Tuesday, November, 2nd. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The business's quarterly revenue was up 6.8% on a year-over-year basis.

Change Healthcare (CHNG) raised $751 million in an IPO on Thursday, June 27th 2019. The company issued 42,900,000 shares at $16.00-$19.00 per share. Barclays, Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank Securities, Morgan Stanley and RBC Capital Markets acted as the underwriters for the IPO and Blackstone Capital Markets, Baird, Cantor, Cowen, First Liberties Financial, Guggenheim Securities, Piper Jaffray, SunTrust Robinson Humphrey, SVB Leerink, Wells Fargo Securities, William Blair, Drexel Hamilton and Siebert Cisneros Shank & Co. were co-managers.

Based on aggregate information from My MarketBeat watchlists, some other companies that Change Healthcare investors own include NVIDIA (NVDA), Meta Platforms (META), Alibaba Group (BABA), Micron Technology (MU), Block (SQ), Roku (ROKU) and DocuSign (DOCU).

Company Calendar

Last Earnings
11/02/2021
Today
12/16/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Sector
Medical
Industry
Data Processing & Preparation
Sub-Industry
N/A
Current Symbol
NASDAQ:CHNG
Fax
N/A
Employees
14,000
Year Founded
N/A

Profitability

Net Income
$-57,390,000.00
Pretax Margin
-3.61%

Debt

Sales & Book Value

Annual Sales
$3.48 billion
Cash Flow
$3.64 per share
Book Value
$10.50 per share

Miscellaneous

Free Float
321,283,000
Market Cap
$9.03 billion
Optionable
Not Optionable
Beta
0.85
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This page (NASDAQ:CHNG) was last updated on 12/17/2024 by MarketBeat.com Staff
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