VSee Health (NASDAQ:VSEE) Posts Earnings Results

VSee Health (NASDAQ:VSEE) released its earnings results on Tuesday. The company reported ($0.31) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $3.93 million for the quarter.

VSee Health Stock Down 6.4%

VSee Health stock traded down $0.02 during trading hours on Wednesday, hitting $0.23. The stock had a trading volume of 153,335 shares, compared to its average volume of 632,192. The stock’s 50-day moving average price is $0.32 and its 200-day moving average price is $0.51. VSee Health has a 12-month low of $0.19 and a 12-month high of $2.52.

Hedge Funds Weigh In On VSee Health

A hedge fund recently bought a new stake in VSee Health stock. Virtu Financial LLC acquired a new stake in VSee Health, Inc. (NASDAQ:VSEE) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 66,489 shares of the company’s stock, valued at approximately $25,000. 1.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VSEE has been the topic of several recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of VSee Health in a research note on Wednesday, January 21st. Wall Street Zen raised VSee Health to a “sell” rating in a report on Saturday, December 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

VSee Health Company Profile

VSee Health is a telehealth technology company that develops secure, HIPAA-compliant software solutions for virtual care. The company’s flagship platform offers high-definition video visits, real-time messaging and collaboration tools designed to streamline remote consultations between patients and healthcare providers. VSee’s solutions are built to integrate with electronic health record systems and include features such as digital waiting rooms, screen sharing and file transfer capabilities.

In addition to video conferencing, VSee Health provides remote patient monitoring (RPM) tools that enable clinicians to collect biometric data, such as blood pressure, heart rate and glucose readings, from patients in their homes.