Cotiviti Holdings Inc (NASDAQ:COTV) dropped 1.2% on Tuesday . The stock traded as low as $22.24 and last traded at $22.40, with a volume of 113,999 shares changing hands. The stock had previously closed at $22.68.

COTV has been the topic of several recent research reports. SunTrust Banks Inc. initiated coverage on Cotiviti Holdings in a report on Monday, June 20th. They set a “buy” rating and a $24.00 price objective on the stock. Credit Suisse Group AG reissued a “buy” rating and set a $25.00 price objective on shares of Cotiviti Holdings in a report on Thursday, July 7th. Goldman Sachs Group Inc. initiated coverage on Cotiviti Holdings in a report on Monday, June 20th. They set a “buy” rating and a $25.00 price objective on the stock. Morgan Stanley initiated coverage on Cotiviti Holdings in a report on Monday, June 20th. They set an “equal weight” rating on the stock. Finally, Citigroup Inc. assumed coverage on Cotiviti Holdings in a report on Monday, June 20th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Cotiviti Holdings has a consensus rating of “Buy” and a consensus target price of $24.60.

The company has a 50-day moving average of $19.58 and a 200 day moving average of $19.58. The company has a market cap of $2.04 billion and a PE ratio of 98.70.

In other news, Director James E. Parisi purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, May 26th. The shares were purchased at an average price of $18.34 per share, with a total value of $91,700.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately $91,700. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Cotiviti Holdings, Inc is a provider of analytics-driven payment accuracy solutions. The Company is focused primarily on the healthcare sector. The Company’s integrated solutions help clients manage payment accuracy in healthcare environment. The Company operates in two segments: Healthcare, and Global Retail and Other.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.