Analysts Set Skylight Health Group Inc. (NASDAQ:SLHG) Target Price at $5.50

Skylight Health Group Inc. (NASDAQ:SLHGGet Rating) has earned a consensus rating of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $5.50.

A number of brokerages have recently issued reports on SLHG. Mackie raised shares of Skylight Health Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 4th. Zacks Investment Research cut shares of Skylight Health Group from a “buy” rating to a “hold” rating in a research note on Friday, April 8th. Finally, Lake Street Capital decreased their target price on shares of Skylight Health Group from $6.00 to $3.00 in a research note on Friday, April 1st.

Shares of SLHG stock opened at $0.98 on Thursday. Skylight Health Group has a one year low of $0.72 and a one year high of $6.25. The company’s 50-day moving average is $1.01 and its 200 day moving average is $1.48. The company has a market capitalization of $38.66 million and a price-to-earnings ratio of -3.92.

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC bought a new stake in shares of Skylight Health Group in the third quarter valued at about $31,000. Royal Bank of Canada bought a new stake in shares of Skylight Health Group in the second quarter valued at about $63,000. Citadel Advisors LLC bought a new stake in shares of Skylight Health Group in the fourth quarter valued at about $64,000. NewGen Asset Management Ltd bought a new position in Skylight Health Group in the third quarter worth about $120,000. Finally, Penserra Capital Management LLC raised its holdings in Skylight Health Group by 23.6% in the fourth quarter. Penserra Capital Management LLC now owns 168,308 shares of the company’s stock worth $220,000 after purchasing an additional 32,084 shares in the last quarter. Institutional investors and hedge funds own 0.60% of the company’s stock.

About Skylight Health Group (Get Rating)

Skylight Health Group Inc operates as a healthcare services and technology company in the United States, Canada, the United Kingdom, and Colombia. It operates the US multi-state primary care health network, which provides a range of services from primary care, sub-specialty, allied health, and laboratory/diagnostic testing.

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