Brokerages Set Cotiviti Holdings Inc (COTV) PT at $29.57
Cotiviti Holdings Inc (NASDAQ:COTV) has been given an average rating of “Buy” by the twelve brokerages that are covering the firm. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $29.57.
A number of research firms have commented on COTV. Barclays PLC set a $36.00 target price on shares of Cotiviti Holdings and gave the company a “buy” rating in a research report on Thursday, November 10th. Zacks Investment Research cut shares of Cotiviti Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 10th. Goldman Sachs Group, Inc. (The) cut shares of Cotiviti Holdings from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a research report on Friday, January 20th. Finally, J P Morgan Chase & Co began coverage on shares of Cotiviti Holdings in a research report on Friday, October 28th. They issued an “overweight” rating on the stock.
In other Cotiviti Holdings news, Director Douglas Present sold 50,000 shares of the business’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $34.16, for a total transaction of $1,708,000.00. Following the sale, the director now directly owns 18,544 shares in the company, valued at $633,463.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jonathan Olefson sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $36.00, for a total transaction of $180,000.00. Following the sale, the senior vice president now owns 5,000 shares in the company, valued at $180,000. The disclosure for this sale can be found here. Insiders sold 64,527 shares of company stock worth $2,220,016 in the last ninety days.
Hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Cotiviti Holdings by 8.3% in the third quarter. BlackRock Inc. now owns 8,421 shares of the company’s stock worth $283,000 after buying an additional 646 shares during the period. Alambic Investment Management L.P. acquired a new stake in shares of Cotiviti Holdings during the third quarter worth about $308,000. A.R.T. Advisors LLC acquired a new stake in shares of Cotiviti Holdings during the fourth quarter worth about $388,000. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Cotiviti Holdings during the second quarter worth about $303,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of Cotiviti Holdings during the second quarter worth about $402,000.
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Shares of Cotiviti Holdings (NASDAQ:COTV) opened at 36.72 on Friday. The company has a market capitalization of $3.31 billion and a PE ratio of 94.15. The stock has a 50 day moving average of $34.52 and a 200-day moving average of $32.59. Cotiviti Holdings has a 12-month low of $17.00 and a 12-month high of $37.78.
Cotiviti Holdings Company Profile
Cotiviti Holdings, Inc is a provider of analytics-driven payment accuracy solutions. The Company is focused primarily on the healthcare sector. The Company operates through two segments: Healthcare, and Global Retail and Other. Through its Healthcare segment, the Company offers prospective and retrospective claims accuracy solutions to healthcare payers in the United States.
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