Streamline Health Solutions (NASDAQ:STRM) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Streamline Health Solutions (NASDAQ:STRM – Get Rating) in a report released on Tuesday. The firm set a “sell” rating on the stock.

Separately, Lake Street Capital restated a “buy” rating and set a $3.00 target price on shares of Streamline Health Solutions in a report on Monday, November 21st.

Streamline Health Solutions Stock Up 0.6 %

Shares of NASDAQ:STRM opened at $1.69 on Tuesday. Streamline Health Solutions has a 52 week low of $1.04 and a 52 week high of $2.05. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $97.03 million, a PE ratio of -8.45 and a beta of 1.17. The company has a 50 day moving average price of $1.74 and a two-hundred day moving average price of $1.58.

Insider Buying and Selling at Streamline Health Solutions

In other news, Director Kenan Lucas purchased 757,575 shares of the business’s stock in a transaction on Wednesday, October 26th. The stock was purchased at an average price of $1.32 per share, for a total transaction of $999,999.00. Following the completion of the purchase, the director now directly owns 4,824,212 shares in the company, valued at approximately $6,367,959.84. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 27.34% of the company’s stock.

Hedge Funds Weigh In On Streamline Health Solutions

Large investors have recently modified their holdings of the stock. HighTower Advisors LLC increased its position in Streamline Health Solutions by 46.2% during the first quarter. HighTower Advisors LLC now owns 95,050 shares of the company’s stock worth $152,000 after acquiring an additional 30,050 shares during the period. Vanguard Group Inc. increased its position in Streamline Health Solutions by 31.3% during the first quarter. Vanguard Group Inc. now owns 1,499,359 shares of the company’s stock worth $2,399,000 after acquiring an additional 357,200 shares during the period. Prudential Financial Inc. bought a new position in Streamline Health Solutions during the second quarter worth about $31,000. Thompson Davis & CO. Inc. bought a new position in Streamline Health Solutions during the third quarter worth about $38,000. Finally, Tamarack Advisers LP bought a new position in Streamline Health Solutions during the third quarter worth about $5,868,000. 41.31% of the stock is owned by institutional investors.

Streamline Health Solutions Company Profile

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Streamline Health Solutions, Inc engages in the provision of transformational data-driven solutions for healthcare organizations. Its solutions include Health Information Management (HIM), Coding and CDI, evaluator coding analysis platforms, financial management, and patient care. It also offers audit, custom integration, training, electronic image conversion, and database monitoring services.