Cotiviti Holdings Inc (NASDAQ:COTV)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $33.40 and last traded at $32.95, with a volume of 158,590 shares changing hands. The stock had previously closed at $32.42.

Several research firms recently weighed in on COTV. Robert W. Baird began coverage on shares of Cotiviti Holdings in a research note on Monday, June 20th. They issued an “outperform” rating and a $24.00 target price for the company. Royal Bank Of Canada assumed 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 for the company. William Blair assumed coverage on shares of Cotiviti Holdings in a research report on Monday, June 20th. They set an “outperform” rating for the company. Barclays PLC assumed coverage on shares of Cotiviti Holdings in a research report on Monday, June 20th. They set an “overweight” rating for the company. Finally, SunTrust Banks Inc. assumed coverage on shares of Cotiviti Holdings in a research report on Monday, June 20th. They set a “buy” rating and a $24.00 price objective for the company. Two 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 stock. The company presently has a consensus rating of “Buy” and a consensus price target of $28.25.

The stock has a market capitalization of $2.93 billion and a P/E ratio of 122.29. The firm has a 50 day moving average price of $27.00 and a 200-day moving average price of $23.49.

Cotiviti Holdings (NASDAQ:COTV) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.37 earnings per share 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 the consensus estimate of $146.68 million. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. On average, analysts forecast that Cotiviti Holdings Inc will post $1.30 EPS for the current fiscal 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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