Cotiviti Holdings Inc (COTV) Reaches New 12-Month High at $21.75
Cotiviti Holdings Inc (NASDAQ:COTV)’s share price hit a new 52-week high on Thursday . The company traded as high as $21.75 and last traded at $21.55, with a volume of 183,228 shares traded. The stock had previously closed at $21.09.
A number of equities analysts have weighed in on the company. Credit Suisse Group AG reissued a “buy” rating and set a $25.00 price target on shares of Cotiviti Holdings in a research report on Thursday. Citigroup Inc. started coverage on Cotiviti Holdings in a research report on Monday, June 20th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. started coverage on Cotiviti Holdings in a research report on Monday, June 20th. They issued an “overweight” rating on the stock. Goldman Sachs Group Inc. started coverage on Cotiviti Holdings in a research report on Monday, June 20th. They issued a “buy” rating and a $25.00 target price on the stock. Finally, Barclays PLC started coverage on Cotiviti Holdings in a research report on Monday, June 20th. They issued an “overweight” rating on the stock. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.60.
The company has a market cap of $1.93 billion and a price-to-earnings ratio of 93.65. The stock has a 50 day moving average price of $19.28 and a 200 day moving average price of $19.28.
In other Cotiviti Holdings news, Director James E. Parisi purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The shares were acquired at an average price of $18.34 per share, with a total value of $91,700.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $91,700. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
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.