DermTech (NASDAQ:KLDI) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of DermTech (NASDAQ:KLDI) from a sell rating to a hold rating in a research report sent to investors on Thursday morning, Zacks.com reports.

According to Zacks, “KLDiscovery Inc. provides technology-enabled services and software to law firms, corporations, government agencies and consumers solve complex data challenges. It offers data collection and forensic investigation, early case assessment, electronic discovery and data processing, application software and data hosting for web-based document reviews and managed document review services. KLDiscovery Inc., formerly known as Pivotal Acq CP, is based in McLean, United States. “

Separately, Northland Securities reiterated a buy rating and issued a $14.00 price objective on shares of DermTech in a research report on Friday, August 14th.

NASDAQ:KLDI opened at $8.50 on Thursday. The stock’s fifty day moving average price is $8.43 and its two-hundred day moving average price is $8.85. DermTech has a 1 year low of $4.00 and a 1 year high of $27.00.

DermTech (NASDAQ:KLDI) last posted its earnings results on Wednesday, August 12th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.03). The business had revenue of $64.38 million during the quarter, compared to analysts’ expectations of $69.50 million.

DermTech Company Profile

KLDiscovery Ontrack, LLC develops e-Discovery management solutions and offers legal and technology consulting services to AmLaw 200 law firms, Fortune 500 corporations, healthcare and financial services sectors, and government agencies in the United States. Its software solutions include eDirect365, an end-to-end e-Discovery solution that helps users to find ways to cull, process, review, and manage documents; AutoRedaction that finds and redacts sensitive information from documents in a workspace; MultiMatter Management that enables organizations reuse attorney work product, spot and manage coding inconsistencies, and minimize the risk of inadvertent production of protected content across various hosted matters; and Remote Collection Manager that allows end-users and IT professionals to perform collections of hard drives, loose files, and email servers.

Further Reading: Float

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