Cotiviti Holdings Inc (COTV) Trading 2.7% Higher
Cotiviti Holdings Inc (NASDAQ:COTV) traded up 2.7% on Monday . The company traded as high as $24.25 and last traded at $23.54, with a volume of 151,697 shares changing hands. The stock had previously closed at $22.91.
Several research analysts have commented on the stock. Credit Suisse Group AG restated a “buy” rating and issued a $25.00 target price on shares of Cotiviti Holdings in a research report on Thursday, July 7th. William Blair assumed coverage on shares of Cotiviti Holdings in a research report on Monday, June 20th. They issued an “outperform” rating for the company. Morgan Stanley assumed coverage on shares of Cotiviti Holdings in a research report on Monday, June 20th. They issued an “equal weight” rating for the company. SunTrust Banks Inc. assumed coverage on shares of Cotiviti Holdings in a research report on Monday, June 20th. They issued a “buy” rating and a $24.00 target price for the company. Finally, Citigroup Inc. assumed coverage on shares of Cotiviti Holdings in a research report on Monday, June 20th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Cotiviti Holdings presently has a consensus rating of “Buy” and an average target price of $24.60.
The company’s 50 day moving average is $20.03 and its 200-day moving average is $19.94. The firm has a market capitalization of $2.13 billion and a price-to-earnings ratio of 103.22.
In other Cotiviti Holdings news, Director James E. Parisi acquired 5,000 shares of Cotiviti Holdings stock in a transaction dated Thursday, May 26th. The stock was bought at an average cost of $18.34 per share, with a total value of $91,700.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $91,700. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
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.
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