PNC Financial Services Group Inc. Sells 64,513 Shares of Definitive Healthcare Corp. (NASDAQ:DH)

PNC Financial Services Group Inc. decreased its stake in Definitive Healthcare Corp. (NASDAQ:DH) by 41.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,484 shares of the company’s stock after selling 64,513 shares during the period. PNC Financial Services Group Inc. owned 0.09% of Definitive Healthcare worth $267,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Irenic Capital Management LP lifted its stake in Definitive Healthcare by 9.2% in the 4th quarter. Irenic Capital Management LP now owns 7,003,194 shares of the company’s stock valued at $28,783,000 after purchasing an additional 590,009 shares during the last quarter. Palisade Capital Management LP lifted its position in Definitive Healthcare by 1.3% during the first quarter. Palisade Capital Management LP now owns 2,265,198 shares of the company’s stock worth $6,546,000 after acquiring an additional 29,774 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Definitive Healthcare by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,863,912 shares of the company’s stock worth $7,661,000 after acquiring an additional 23,410 shares during the last quarter. Geode Capital Management LLC lifted its position in Definitive Healthcare by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 1,272,660 shares of the company’s stock worth $5,231,000 after acquiring an additional 39,938 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in Definitive Healthcare by 29.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 709,769 shares of the company’s stock worth $2,917,000 after acquiring an additional 161,599 shares during the last quarter. 98.67% of the stock is currently owned by institutional investors and hedge funds.

Definitive Healthcare Price Performance

DH stock opened at $3.87 on Friday. The firm has a market cap of $553.95 million, a price-to-earnings ratio of -1.46, a PEG ratio of 6.51 and a beta of 1.64. The company has a quick ratio of 1.75, a current ratio of 1.65 and a debt-to-equity ratio of 0.39. Definitive Healthcare Corp. has a 12-month low of $2.15 and a 12-month high of $5.68. The company’s fifty day simple moving average is $3.91 and its 200 day simple moving average is $3.58.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DH. The Goldman Sachs Group lifted their price target on shares of Definitive Healthcare from $3.00 to $3.40 and gave the company a “neutral” rating in a research report on Monday, May 12th. BTIG Research downgraded shares of Definitive Healthcare from a “buy” rating to a “neutral” rating in a research report on Friday, May 9th. Stifel Nicolaus lifted their price target on shares of Definitive Healthcare from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Robert W. Baird set a $4.00 price target on shares of Definitive Healthcare in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Definitive Healthcare from a “hold” rating to a “buy” rating in a research report on Saturday, June 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.73.

Definitive Healthcare Company Profile

Definitive Healthcare Corp., together with its subsidiaries, provides software as a service (SaaS) healthcare commercial intelligence platform in the United States and internationally. Its SaaS platform provides information on healthcare providers and their activities to help its customers from product development to go-to-market planning, and sales and marketing execution.