Cotiviti Holdings Inc (NASDAQ:COTV) shares dropped 1.2% during trading on Tuesday . The company 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 a number of recent analyst reports. Royal Bank Of Canada initiated coverage on shares of Cotiviti Holdings in a research report on Monday, June 20th. They issued an “outperform” rating and a $25.00 target price on the stock. Robert W. Baird assumed coverage on shares of Cotiviti Holdings in a research report on Monday, June 20th. They issued an “outperform” rating and a $24.00 target price on the stock. Goldman Sachs Group Inc. assumed coverage on shares of Cotiviti Holdings in a research note on Monday, June 20th. They set a “buy” rating and a $25.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on shares of Cotiviti Holdings in a research note on Monday, June 20th. They set an “overweight” rating on the stock. Finally, Barclays PLC assumed coverage on shares of Cotiviti Holdings in a research note on Monday, June 20th. They set an “overweight” rating on the stock. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Cotiviti Holdings has an average rating of “Buy” and an average target price of $24.60.

The stock has a market cap of $2.03 billion and a PE ratio of 98.457. The firm has a 50 day moving average price of $19.77 and a 200-day moving average price of $19.77.

In related news, Director James E. Parisi acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The stock was purchased at an average price of $18.34 per share, for a total transaction of $91,700.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $91,700. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.