Cotiviti Holdings Inc (COTV) Sees Large Volume Increase
Shares of Cotiviti Holdings Inc (NASDAQ:COTV) saw strong trading volume on Monday . 423,353 shares traded hands during trading, an increase of 76% from the previous session’s volume of 240,009 shares.The stock last traded at $28.74 and had previously closed at $32.09.
A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded Cotiviti Holdings from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a research report on Monday. Citigroup Inc. upped their target price on Cotiviti Holdings from $21.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, August 11th. SunTrust Banks Inc. set a $33.00 target price on Cotiviti Holdings and gave the company a “buy” rating in a research report on Thursday, August 11th. Barclays PLC upped their price objective on Cotiviti Holdings from $22.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, August 11th. Finally, Credit Suisse Group AG restated a “buy” rating and set a $25.00 price objective on shares of Cotiviti Holdings in a research report on Thursday, July 7th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $28.25.
The stock has a 50-day moving average price of $24.95 and a 200 day moving average price of $22.49. The stock has a market capitalization of $2.63 billion and a price-to-earnings ratio of 109.74.
Cotiviti Holdings (NASDAQ:COTV) last released its earnings results on Tuesday, August 9th. The company reported $0.37 earnings per share (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 analysts’ expectations of $146.68 million. Cotiviti Holdings’s quarterly revenue was up 18.8% compared to the same quarter last year. Equities analysts forecast that Cotiviti Holdings Inc will post $1.30 earnings per share for the current year.
In other news, Director James E. Parisi bought 5,000 shares of the firm’s stock in a transaction on Thursday, May 26th. The stock was acquired at an average cost of $18.34 per share, with a total value of $91,700.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $91,700. The transaction was disclosed in a document filed 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.
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.