As investors weighed the stimulus vote of Monday against the emergence of a new coronavirus strain in the UK, US equities ended mixed on Tuesday.
The Senate approved the measure Monday night after months of negotiations over additional fiscal support. The bill funds the government through September 30 and includes a new stimulus of $900 billion. Also, the package includes $300 in additional federal unemployment benefits and $600 in direct payments.
Some of the key players in the Health Information Services sector were:
NantHealth Inc. (NASDAQ:NH) shares were trading up 21.50% at $3.56 at the time of writing on Tuesday.
NantHealth Inc. (NASDAQ:NH) share price went from a low point around $0.92 to briefly over $6.60 in past 52 weeks, though shares have since pulled back to $3.56. NH market cap has remained high, hitting $427.88M at the time of writing, giving it price-to-sales ratio of more than 5.
If we look at the recent analyst rating NH, Canaccord Genuity reiterated coverage on NH shares with a Buy rating and a $3.75 price target, which implies room for 0.19% upside momentum this year.
HMS Holdings Corp. (HMSY) last closed at $36.58, in a 52-week range of $18.19 to $36.75. The company recently reported an agreement with Veritas Capital-backed Gainwell Technologies, whereby Gainwell will acquire HMS. Analysts have a consensus price target of $35.09.
Teladoc Health Inc. (TDOC) stock soar by 3.15% to $206.04. The most recent rating by Evercore ISI, on December 22, 2020, is at an In-line.
American Well Corporation (NYSE:AMWL) Shares headed rising, higher as much as 5.90%. The most recent rating by Stifel, on December 18, 2020, is at a Hold.
Veeva Systems Inc. (NYSE:VEEV) rose 5.76% after gaining more than $15.61 on Tuesday. Veeva reported on December 15, 2020, that Integra LifeSciences has selected Veeva Vault CDMS for clinical data management.
Change Healthcare Inc. (CHNG) last closed at $18.83, in a 52-week range of $6.18 to $18.70 following the announcement of successful introduction of its first cloud-based medical tools for radiologists and other specialties along with its roadmap to help healthcare organizations begin their migration of medical imaging to the cloud. Analysts have a consensus price target of $20.39.
GoodRx Holdings Inc. (GDRX) stock soar by 3.49% to $48.32 after announcing recognition from workplace culture site Comparably for its company culture and leadership. The most recent rating by RBC Capital Mkts, on November 19, 2020, is at an Outperform.
Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX) Shares headed rising, higher as much as 2.15%. The company announced on December 17, 2020, that it is dedicating extensive resources to ensure its clients are prepared to maximize functionality within its solutions to respond to the COVID-19 pandemic. The most recent rating by Argus, on November 11, 2020, is at a Buy.
HealthEquity Inc. (NASDAQ:HQY) rose 2.27% after gaining more than $1.51 on Tuesday. The company reported on December 8, 2020, that revenue for the third quarter ended October 31, 2020 of $179.4 million grew 14% compared to $157.1 million for the third quarter ended October 31, 2019.
Cerner Corporation (CERN) last closed at $77.38, in a 52-week range of $53.08 to $80.90. The firm on December 16, 2020 revealed an agreement to acquire health division of Kantar. Analysts have a consensus price target of $78.23.
1Life Healthcare Inc. (ONEM) stock soar by 3.97% to $43.26. The most recent rating by Credit Suisse, on October 30, 2020, is at an Outperform.
So-Young International Inc. (NASDAQ:SY) Shares headed falling, lower as much as -7.41%. The most recent rating by Deutsche Bank, on April 23, 2020, is at a Buy.
Schrodinger Inc. (NASDAQ:SDGR) rose 0.85% after gaining more than $0.7 on Tuesday.