UpHealth (NYSE:UPH) Upgraded to “Hold” at Zacks Investment Research

UpHealth (NYSE:UPHGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “UpHealth Holdings Inc. is a comprehensive digital health technology and tech-enabled services platform which empowers providers, health systems and payors globally to manage care for people with complex medical, behavioral and social needs. UpHealth Holdings Inc., formerly known as GigCapital2 Inc., is based in DELRAY BEACH, Fla. “

Several other brokerages have also weighed in on UPH. Northland Securities dropped their target price on UpHealth from $10.50 to $4.50 and set an “outperform” rating on the stock in a research report on Thursday, March 31st. Lake Street Capital lowered UpHealth from a “buy” rating to a “hold” rating in a research report on Thursday, March 31st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $9.63.

NYSE UPH traded down $0.02 during trading hours on Tuesday, hitting $0.99. The company had a trading volume of 5,382 shares, compared to its average volume of 1,417,006. UpHealth has a fifty-two week low of $0.92 and a fifty-two week high of $10.72. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.09. The business has a fifty day moving average of $2.04.

Institutional investors and hedge funds have recently modified their holdings of the company. Lynrock Lake LP acquired a new position in UpHealth during the fourth quarter worth about $2,837,000. Perkins Capital Management Inc. acquired a new position in shares of UpHealth in the 4th quarter valued at $2,104,000. Renaissance Technologies LLC boosted its position in shares of UpHealth by 409.5% in the 4th quarter. Renaissance Technologies LLC now owns 784,107 shares of the company’s stock valued at $1,756,000 after purchasing an additional 630,207 shares during the period. Omni Event Management Ltd acquired a new position in shares of UpHealth in the 4th quarter valued at $1,681,000. Finally, LMR Partners LLP boosted its position in shares of UpHealth by 498.9% in the 4th quarter. LMR Partners LLP now owns 700,000 shares of the company’s stock valued at $1,568,000 after purchasing an additional 583,118 shares during the period. 6.46% of the stock is currently owned by institutional investors.

UpHealth Company Profile (Get Rating)

UpHealth, Inc operates as a digital health services company. It provides patient-centric digital health platform and tech-enabled services to manage health and integrate care. The company's solutions include Syntranet Core Platform, an integrated care management platform; Global Telemedicine; MedQuest Digital Pharmacy, a full-service pharmacy that offers manufactured medication, custom compounded medications, nutraceuticals, lab testing, advocacy, education, etc.; and Behavioral Telehealth solutions.

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