Shares of Cotiviti Holdings Inc (NASDAQ:COTV) hit a new 52-week high on Wednesday . The company traded as high as $32.00 and last traded at $31.33, with a volume of 141,927 shares. The stock had previously closed at $30.72.

A number of analysts recently weighed in on COTV shares. Barclays PLC started coverage on shares of Cotiviti Holdings in a report on Monday, June 20th. They set an “overweight” rating for the company. Citigroup Inc. raised their target price on shares of Cotiviti Holdings from $21.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, August 11th. Credit Suisse Group AG restated a “buy” rating and set a $25.00 target price on shares of Cotiviti Holdings in a report on Thursday, July 7th. JPMorgan Chase & Co. started coverage on shares of Cotiviti Holdings in a research report on Monday, June 20th. They issued an “overweight” rating for the company. Finally, Robert W. Baird started coverage on shares of Cotiviti Holdings in a research report on Monday, June 20th. They issued an “outperform” rating and a $24.00 price target for the company. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Cotiviti Holdings presently has an average rating of “Buy” and a consensus target price of $27.43.

The company has a market capitalization of $2.88 billion and a P/E ratio of 119.89. The stock has a 50 day moving average price of $24.63 and a 200-day moving average price of $22.33.

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

In related news, Director James E. Parisi bought 5,000 shares of the company’s stock in a transaction on 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 completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $91,700. The acquisition was disclosed in a legal filing with the SEC, which is available at 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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