Alliance Global Partners Maintains HeartBeam (BEAT) Buy Recommendation

Fintel reports that on May 19, 2023, Alliance Global Partners maintained coverage of HeartBeam (NASDAQ: BEAT) with a Buy recommendation.

Analyst price forecast suggests 317.27% upside

As of May 11, 2023, the 1-year average price target for HeartBeam is 9.18. The forecast ranges from a low of 6.06 to a high of $12.60. The average price target represents an increase of 317.27% from its last published closing price of 2.20.

Check out our ranking of companies with the biggest upward price target.

The expected annual turnover for HeartBeam is 2MM. Projected annual non-GAAP EPS is -1.62.

What is fund sentiment?

There are 23 funds or institutions reporting positions in HeartBeam. This is an increase of 5 owner(s) or 27.78% over the last quarter. Average portfolio weight of all funds dedicated to BEAT is 0.00%, a decrease of 14.10%.

What are the other shareholders doing?

Kestra Private Wealth Services holds 64,000 shares representing 0.25% ownership of the company. In its previous filing, the company said it held 61,000 shares, representing a raise of 5.04%. The company decreases its portfolio allocation in BEAT by 61.54% in the last quarter.

Geode Capital Management holds 59,000 shares representing 0.23% of the company’s capital. No change in the last quarter.

VEXMX – Vanguard Extended Market Index Fund Investor Shares owns 41,000 shares representing 0.16% ownership of the company. In its previous filing, the company said it held 16,000 shares, representing a raise of 61.96%. The company increase its portfolio allocation in BEAT by 216.96% in the last quarter.

FSMAX – Fidelity Extended Market Index Fund holds 39,000 shares representing 0.15% ownership of the company. In its previous filing, the company said it held 39,000 shares, representing a decrease by 0.42%. The company decreases its portfolio allocation in BEAT by 22.18% in the last quarter.

D’Orazio & Associates holds 33,000 shares representing 0.13% ownership of the company. No change in the last quarter.

Key deposits for this company:

This story originally appeared on Fintel.

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