Cotiviti Holdings Inc (COTV) Trading 2.1% Higher
Cotiviti Holdings Inc (NASDAQ:COTV) shares traded up 2.1% during mid-day trading on Tuesday . The company traded as high as $32.43 and last traded at $32.39, with a volume of 60,138 shares traded. The stock had previously closed at $31.73.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Cotiviti Holdings from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a research report on Monday, August 22nd. Citigroup Inc. lifted their target price on shares of Cotiviti Holdings from $21.00 to $29.00 and gave the stock a “neutral” rating in a research note 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 note on Thursday, August 11th. Barclays PLC lifted their target price on shares of Cotiviti Holdings from $22.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday, August 11th. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $25.00 target price on shares of Cotiviti Holdings in a research note on Thursday, July 7th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Cotiviti Holdings presently has a consensus rating of “Buy” and an average target price of $28.25.
The firm has a market capitalization of $2.92 billion and a price-to-earnings ratio of 121.88. The company’s 50 day moving average is $26.59 and its 200 day moving average is $23.34.
Cotiviti Holdings (NASDAQ:COTV) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.07. The business had revenue of $158.30 million for the quarter, compared to analyst estimates of $146.68 million. Cotiviti Holdings’s revenue was up 18.8% compared to the same quarter last year. On average, equities analysts predict that Cotiviti Holdings Inc will post $1.30 earnings per share 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.
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.