NantHealth Inc’s (NH) Lock-Up Period Will Expire on November 29th
NantHealth’s (NYSE:NH) lock-up period is set to expire on Tuesday, November 29th. NantHealth had issued 6,500,000 shares in its initial public offering on June 2nd. The total size of the offering was $91,000,000 based on an initial share price of $14.00. After the expiration of NantHealth’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
NH has been the subject of a number of recent analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $17.00 target price on shares of NantHealth in a research report on Monday, September 19th. FBR & Co restated a “buy” rating on shares of NantHealth in a research report on Thursday, November 3rd. Finally, Zacks Investment Research upgraded shares of NantHealth from a “sell” rating to a “hold” rating in a research report on Friday, September 23rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. NantHealth presently has an average rating of “Buy” and a consensus price target of $18.00.
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NantHealth (NYSE:NH) opened at 12.54 on Friday. The stock’s 50 day moving average is $12.37 and its 200 day moving average is $12.58. The company’s market cap is $1.52 billion. NantHealth has a 52-week low of $9.67 and a 52-week high of $21.00.
Several hedge funds and other institutional investors have recently modified their holdings of NH. FMR LLC bought a new position in shares of NantHealth during the second quarter worth about $11,250,000. Wildcat Capital Management LLC bought a new position in shares of NantHealth during the second quarter worth about $3,008,000. Jefferies Group LLC bought a new position in shares of NantHealth during the second quarter worth about $6,943,000. Blackstone Group L.P. bought a new position in shares of NantHealth during the second quarter worth about $7,463,000. Finally, Emerald Advisers Inc. PA boosted its position in shares of NantHealth by 190.4% in the third quarter. Emerald Advisers Inc. PA now owns 630,701 shares of the company’s stock worth $8,294,000 after buying an additional 413,501 shares during the last quarter.
NantHealth, Inc, formerly Nant Health, LLC, is an evidence-based, personalized healthcare company. The Company’s systems-based approach to personalized healthcare applies diagnostics tailored to specific molecular profiles of patient tissues and integrates this molecular data in a clinical setting with real-time biometric signal and phenotypic data to track patient outcomes and deliver medicine.
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