Cotiviti Holdings Inc (NASDAQ:COTV)’s share price dropped 1.6% during mid-day trading on Thursday . The company traded as low as $30.72 and last traded at $31.70, with a volume of 77,643 shares. The stock had previously closed at $32.21.

COTV has been the topic of a number of research reports. SunTrust Banks Inc. initiated coverage on shares of Cotiviti Holdings in a report on Monday, June 20th. They issued a “buy” rating and a $24.00 price objective on the stock. Credit Suisse Group AG reissued a “buy” rating and issued a $25.00 price objective on shares of Cotiviti Holdings in a report on Thursday, July 7th. Goldman Sachs Group Inc. initiated coverage on shares of Cotiviti Holdings in a report on Monday, June 20th. They issued a “buy” rating and a $25.00 price objective on the stock. Morgan Stanley initiated coverage on shares of Cotiviti Holdings in a report on Monday, June 20th. They issued an “equal weight” rating on the stock. Finally, Citigroup Inc. initiated coverage on shares of Cotiviti Holdings in a report on Monday, June 20th. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $27.43.

The stock has a market cap of $2.88 billion and a price-to-earnings ratio of 119.89. The firm’s 50-day moving average is $24.30 and its 200 day moving average is $22.16.

Cotiviti Holdings (NASDAQ:COTV) last announced its earnings results on Tuesday, August 9th. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.07. The firm earned $158.30 million during the quarter, compared to the consensus estimate of $146.68 million. The company’s revenue was up 18.8% compared to the same quarter last year. On average, analysts forecast that Cotiviti Holdings Inc will post $1.31 EPS for the current fiscal year.

In related news, Director James E. Parisi acquired 5,000 shares of the business’s stock in a transaction dated Thursday, May 26th. The shares were purchased at an average price of $18.34 per share, for a total transaction of $91,700.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $91,700. The transaction was disclosed in a document filed with the SEC, which is available 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.

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