NextGen Healthcare (NASDAQ:NXGN) Coverage Initiated at Truist Financial

Research analysts at Truist Financial began coverage on shares of NextGen Healthcare (NASDAQ:NXGNGet Rating) in a research report issued on Wednesday, The Fly reports. The brokerage set a “hold” rating and a $20.00 price target on the stock. Truist Financial’s price target would suggest a potential upside of 19.83% from the company’s current price.

Separately, StockNews.com downgraded shares of NextGen Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 18th.

NextGen Healthcare Trading Up 0.9 %

NASDAQ:NXGN opened at $16.69 on Wednesday. NextGen Healthcare has a 12 month low of $13.64 and a 12 month high of $21.87. The firm has a fifty day simple moving average of $17.45 and a 200-day simple moving average of $18.65. The company has a market capitalization of $1.14 billion, a P/E ratio of 1,670.67 and a beta of 1.05.

Insider Activity at NextGen Healthcare

In related news, Director Craig A. Barbarosh sold 3,500 shares of the business’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $17.39, for a total transaction of $60,865.00. Following the completion of the transaction, the director now directly owns 64,183 shares in the company, valued at $1,116,142.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NXGN. Clearstead Advisors LLC acquired a new position in shares of NextGen Healthcare in the second quarter worth about $26,000. Nisa Investment Advisors LLC acquired a new position in shares of NextGen Healthcare in the first quarter worth about $63,000. First Horizon Advisors Inc. increased its stake in shares of NextGen Healthcare by 33.0% during the second quarter. First Horizon Advisors Inc. now owns 3,784 shares of the company’s stock worth $66,000 after purchasing an additional 939 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of NextGen Healthcare during the second quarter worth about $77,000. Finally, KBC Group NV purchased a new stake in shares of NextGen Healthcare during the second quarter worth about $82,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

About NextGen Healthcare

(Get Rating)

NextGen Healthcare, Inc provides healthcare technology solutions in the United States. The company offers clinical care solutions, including NextGen Enterprise EHR; financial solutions, such as NextGen Enterprise PM; patient engagement solutions comprising NextGen Virtual Visits; integrated clinical care and financial solutions consisting of NextGen Office; interoperability solutions that include NextGen Share and Mirth Connect; data and analytics solutions, which comprise NextGen Health Data Hub; and value based care solutions, including NextGen Population Health Solutions.

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