UpHealth (NYSE:UPH) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of UpHealth (NYSE:UPH) from a sell rating to a hold rating in a research report sent to investors on Wednesday, Zacks.com reports.

According to Zacks, “UpHealth Holdings Inc. is a comprehensive digital health technology and tech-enabled services platform which empowers providers, health systems and payors globally to manage care for people with complex medical, behavioral and social needs. UpHealth Holdings Inc., formerly known as GigCapital2 Inc., is based in DELRAY BEACH, Fla. “

Several other brokerages have also weighed in on UPH. Northland Securities assumed coverage on shares of UpHealth in a report on Tuesday, July 13th. They set an outperform rating and a $13.00 price objective on the stock. Oppenheimer assumed coverage on shares of UpHealth in a report on Thursday, July 22nd. They set an outperform rating and a $12.00 price objective on the stock. Finally, Colliers Securities reissued a buy rating on shares of UpHealth in a research report on Tuesday, August 10th.

Shares of UPH stock opened at $4.00 on Wednesday. UpHealth has a 1-year low of $3.76 and a 1-year high of $12.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.96. The business’s 50-day moving average is $5.43.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Highbridge Capital Management LLC acquired a new stake in UpHealth during the 2nd quarter worth approximately $61,000. Paloma Partners Management Co acquired a new stake in UpHealth during the 2nd quarter worth approximately $73,000. Morgan Stanley acquired a new stake in UpHealth during the 2nd quarter worth approximately $75,000. Cubist Systematic Strategies LLC acquired a new stake in UpHealth during the 2nd quarter worth approximately $78,000. Finally, Commonwealth Equity Services LLC acquired a new stake in UpHealth in the second quarter valued at approximately $97,000. 8.40% of the stock is owned by hedge funds and other institutional investors.

About UpHealth

UpHealth, Inc operates as a digital health services company. The company provides patient-centric digital health platform and tech-enabled services to manage health and integrate care. It serves empowering providers, health systems, health plans and governments, employers, and educational institutions.

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