Cotiviti Holdings Inc (COTV) Reaches New 12-Month High at $21.75
Cotiviti Holdings Inc (NASDAQ:COTV)’s share price reached 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 research firms recently weighed in on COTV. Credit Suisse Group AG restated a “buy” rating and set a $25.00 price target on shares of Cotiviti Holdings in a research report on Thursday. SunTrust Banks Inc. began coverage on shares of Cotiviti Holdings in a research report on Monday, June 20th. They set a “buy” rating and a $24.00 price target on the stock. William Blair began coverage on shares of Cotiviti Holdings in a research report on Monday, June 20th. They set an “outperform” rating on the stock. Robert W. Baird began coverage on shares of Cotiviti Holdings in a research note on Monday, June 20th. They set an “outperform” rating and a $24.00 target price on the stock. Finally, Royal Bank Of Canada began coverage on shares of Cotiviti Holdings in a research note on Monday, June 20th. They set an “outperform” rating and a $25.00 target price on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $24.60.
The company has a market cap of $2.04 billion and a price-to-earnings ratio of 99.09. The stock’s 50 day moving average price is $19.47 and its 200-day moving average price is $19.47.
In related news, Director James E. Parisi purchased 5,000 shares of the business’s stock in a transaction dated Thursday, May 26th. The stock was acquired at an average price of $18.34 per share, for a total transaction of $91,700.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $91,700. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
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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