Definitive Healthcare Corp’s filing revealed that its Director SEA VII Management, LLC unloaded Company’s shares for reported $62500.0 on Aug 24 ’23. In the deal valued at $9.39 per share,6,656 shares were sold. As a result of this transaction, SEA VII Management, LLC now holds 1,441,657 shares worth roughly $8.1 million.
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Morgan Stanley downgraded its Definitive Healthcare Corp [DH] rating to an Equal-weight from a an Overweight in a research note published on May 08, 2024; the price target was decreased to $9 from $11.50. A number of analysts have revised their coverage, including Needham’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Hold”. Canaccord Genuity also remained covering DH and has decreased its forecast on January 05, 2024 with a “Hold” recommendation from previously “Buy” rating. Robert W. Baird revised its rating on July 24, 2023. It rated DH as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of DH
On Friday, Definitive Healthcare Corp [NASDAQ:DH] saw its stock jump 0.54% to $5.62. Over the last five days, the stock has gained 2.18%. Definitive Healthcare Corp shares have fallen nearly -43.46% since the year began. Nevertheless, the stocks have fallen -39.89% over the past one year. While a 52-week high of $12.45 was reached on 02/29/24, a 52-week low of $4.38 was recorded on 05/08/24. SMA at 50 days reached $6.99, while 200 days put it at $8.15. A total of 0.49 million shares were traded, compared to the trading of 0.62 million shares in the previous session.
Levels Of Support And Resistance For DH Stock
The 24-hour chart illustrates a support level at 5.54, which if violated will result in even more drops to 5.46. On the upside, there is a resistance level at 5.73. A further resistance level may holdings at 5.84. The Relative Strength Index (RSI) on the 14-day chart is 35.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.88%. Stochastics %K at 40.22% indicates the stock is a holding.
The most recent change occurred on April 19, 2023 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating.
