Cotiviti Holdings Inc (COTV) Sets New 1-Year High at $33.40
Cotiviti Holdings Inc (NASDAQ:COTV) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $33.40 and last traded at $32.95, with a volume of 158,590 shares. The stock had previously closed at $32.42.
COTV has been the topic of several research analyst reports. Zacks Investment Research upgraded Cotiviti Holdings from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a report on Monday, August 22nd. 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. Credit Suisse Group AG began coverage on shares of Cotiviti Holdings in a research note on Monday, June 20th. They issued 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 note on Thursday, August 11th. 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 note on Thursday, August 11th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Cotiviti Holdings currently has an average rating of “Buy” and a consensus target price of $28.25.
The stock has a market cap of $2.96 billion and a PE ratio of 123.50. The company’s 50 day moving average is $26.59 and its 200-day moving average is $23.34.
Cotiviti Holdings (NASDAQ:COTV) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.07. The firm had revenue of $158.30 million for 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. On average, equities research analysts forecast 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.