Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Definitive Healthcare Corp before investing.

In this article, we go over a few key elements for understanding Definitive Healthcare Corp’s stock price such as:

• Definitive Healthcare Corp’s current stock price and volume
• Why Definitive Healthcare Corp’s stock price changed recently
• Upgrades and downgrades for DH from analysts
• DH’s stock price momentum as measured by its relative strength

About Definitive Healthcare Corp (DH)

Before we jump into Definitive Healthcare Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Definitive Healthcare Corp. is engaged in transforming data, analytics, and expertise into healthcare commercial intelligence. The Company’s solutions are designed to provide information on healthcare providers and their activities to help its customers optimize everything from product development to go-to-market planning and sales and marketing execution. Its software-as-a-service (SaaS) platform uses deep analytics and data science to help customers develop data-driven strategic decisions, such as finding new markets to enter, building comprehensive go-to-market strategies, accessing tactical information to help target the right decision makers and improving win rates with detailed contextual information. It transforms data into intelligence through artificial intelligence (AI) and machine learning (ML) algorithms that ingest, cleanse, link, and analyze the data to create new intelligence and analytics. All of its business is conducted through AIDH TopCo, LLC (Definitive OpCo).

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Definitive Healthcare Corp’s Stock Price as of Market Close

As of April 25, 2024, 4:00 PM, CST, Definitive Healthcare Corp’s stock price was $6.73.

Definitive Healthcare Corp is down 7.17% from its previous closing price of $7.25.

During the last market session, Definitive Healthcare Corp’s stock traded between $7.00 and $7.29. Currently, there are 116.46 million shares of Definitive Healthcare Corp stock available for purchase.

Unfortunately, Definitive Healthcare Corp’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Definitive Healthcare Corp Stock Price History

Definitive Healthcare Corp’s (DH) price is currently down 16.6% so far this month.

During the month of April, Definitive Healthcare Corp’s stock price has reached a high of $8.35 and a low of $6.66.

Over the last year, Definitive Healthcare Corp has hit prices as high as $12.46 and as low as $5.53. Year to date, Definitive Healthcare Corp’s stock is down 38.76%.

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What Caused Definitive Healthcare Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of April 24, 2024, there were 0 analysts who downgraded Definitive Healthcare Corp’s stock and 6 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Definitive Healthcare Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Definitive Healthcare Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Definitive Healthcare Corp’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Definitive Healthcare Corp (DH) by visiting AAII Stock Evaluator.

Relative Price Strength of Definitive Healthcare Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 24, 2024, Definitive Healthcare Corp has a weighted four-quarter relative price strength of -12.84%, which translates to a Momentum Score of 26 and is considered to be Weak.

Want to learn more about how Definitive Healthcare Corp is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Definitive Healthcare Corp Stock Price: Bottom Line

As of April 25, 2024, Definitive Healthcare Corp’s stock price is $6.73, which is down 7.17% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Definitive Healthcare Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.