Shares of Cotiviti Holdings Inc (NASDAQ:COTV) dropped 1.6% during trading on Thursday . The stock traded as low as $30.72 and last traded at $31.70, with a volume of 77,643 shares changing hands. The stock had previously closed at $32.21.

COTV has been the topic of a number of analyst reports. Credit Suisse Group AG initiated coverage on shares of Cotiviti Holdings in a research report on Monday, June 20th. They set an “outperform” rating and a $25.00 target price on the stock. 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 research report on Thursday, August 11th. SunTrust Banks Inc. set a $33.00 target price on shares of Cotiviti Holdings and gave the stock a “buy” rating in a research report on Thursday, August 11th. Morgan Stanley initiated coverage on shares of Cotiviti Holdings in a research report on Monday, June 20th. They set an “equal weight” rating on the stock. Finally, Barclays PLC raised their target price on shares of Cotiviti Holdings from $22.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, August 11th. Two 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 $27.43.

The company has a market cap of $2.89 billion and a P/E ratio of 120.64. The firm has a 50-day moving average price of $24.95 and a 200-day moving average price of $22.49.

Cotiviti Holdings (NASDAQ:COTV) last released its earnings results on Tuesday, August 9th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.07. The business earned $158.30 million during the quarter, compared to the consensus estimate of $146.68 million. The company’s quarterly revenue was up 18.8% on a year-over-year basis. On average, analysts expect that Cotiviti Holdings Inc will post $1.31 EPS for the current year.

In other Cotiviti Holdings news, Director James E. Parisi bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The shares were acquired at an average cost of $18.34 per share, for a total transaction of $91,700.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $91,700. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

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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