VSee Health (NASDAQ:VSEE) Raised to Sell at Wall Street Zen

VSee Health (NASDAQ:VSEE) was upgraded by research analysts at Wall Street Zen to a “sell” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of VSee Health in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

VSee Health Stock Down 5.4%

NASDAQ:VSEE opened at $0.55 on Friday. The firm’s 50-day moving average price is $0.72 and its 200-day moving average price is $0.92. VSee Health has a 1-year low of $0.46 and a 1-year high of $2.52.

VSee Health (NASDAQ:VSEE) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.06. VSee Health had a negative net margin of 69.80% and a negative return on equity of 131.02%. The company had revenue of $3.98 million during the quarter, compared to analysts’ expectations of $4.10 million.

Institutional Investors Weigh In On VSee Health

Several institutional investors and hedge funds have recently made changes to their positions in VSEE. XTX Topco Ltd purchased a new position in VSee Health in the 1st quarter worth approximately $34,000. Osaic Holdings Inc. boosted its stake in VSee Health by 197.5% during the 2nd quarter. Osaic Holdings Inc. now owns 45,170 shares of the company’s stock valued at $52,000 after purchasing an additional 29,985 shares during the last quarter. Finally, HB Wealth Management LLC bought a new stake in shares of VSee Health in the 3rd quarter worth $368,000. Institutional investors own 1.01% of the company’s stock.

VSee Health Company Profile

VSee Health, Inc is a no-code or low-code software as a service (SaaS) platform that enables clinicians and enterprises to create their telehealth workflows without programming. It engages in providing timely, quality healthcare to patients regardless of geographical barriers. The company is headquartered in Boca Raton, FL.