Shares of Cotiviti Holdings Inc (NASDAQ:COTV) rose 5.7% during mid-day trading on Wednesday . The company traded as high as $30.83 and last traded at $30.46, with a volume of 305,509 shares changing hands. The stock had previously closed at $28.82.

COTV has been the topic of a number of research analyst reports. Zacks Investment Research raised Cotiviti Holdings from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a research report on Monday. 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. Credit Suisse Group AG initiated coverage on Cotiviti Holdings in a research report on Monday, June 20th. They issued an “outperform” rating and a $25.00 target price on the stock. Citigroup Inc. boosted 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. Finally, Barclays PLC boosted their target price on Cotiviti Holdings from $22.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, August 11th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $28.25.

The company has a 50-day moving average price of $25.80 and a 200 day moving average price of $22.95. The stock has a market capitalization of $2.77 billion and a PE ratio of 115.45.

Cotiviti Holdings (NASDAQ:COTV) last announced 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 had revenue of $158.30 million for the quarter, compared to analyst estimates of $146.68 million. The business’s quarterly revenue was up 18.8% compared to the same quarter last year. Analysts expect that Cotiviti Holdings Inc will post $1.30 EPS for the current year.

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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