Cotiviti Holdings Inc (COTV) Hits New 1-Year High at $32.00
Cotiviti Holdings Inc (NASDAQ:COTV) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $32.00 and last traded at $31.33, with a volume of 141,927 shares trading hands. The stock had previously closed at $30.72.
A number of research analysts have issued reports on COTV shares. Credit Suisse Group AG started coverage on shares of Cotiviti Holdings in a report on Monday, June 20th. They issued an “outperform” rating and a $25.00 target price on the stock. Citigroup Inc. upped their target price on shares of Cotiviti Holdings from $21.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, August 11th. SunTrust Banks Inc. set a $33.00 target price on shares of Cotiviti Holdings and gave the company a “buy” rating in a report on Thursday, August 11th. Morgan Stanley started coverage on shares of Cotiviti Holdings in a report on Monday, June 20th. They issued an “equal weight” rating on the stock. Finally, Barclays PLC upped their target price on shares of Cotiviti Holdings from $22.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, August 11th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $27.43.
The company has a market cap of $2.86 billion and a price-to-earnings ratio of 119.192. The firm has a 50-day moving average of $23.93 and a 200 day moving average of $21.99.
Cotiviti Holdings (NASDAQ:COTV) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.07. The company had revenue of $158.30 million for the quarter, compared to the consensus estimate of $146.68 million. The business’s quarterly revenue was up 18.8% compared to the same quarter last year. Equities research analysts anticipate that Cotiviti Holdings Inc will post $1.31 earnings per share for the current year.
In other news, Director James E. Parisi bought 5,000 shares of the stock in a transaction that occurred on Thursday, May 26th. The shares were purchased at an average cost of $18.34 per share, with a total value of $91,700.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $91,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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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