Cotiviti Holdings Inc (COTV) Receives Average Recommendation of “Buy” from Analysts
Cotiviti Holdings Inc (NASDAQ:COTV) has earned an average recommendation of “Buy” from the thirteen brokerages that are currently covering the firm. Five research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $30.33.
Several analysts have weighed in on the stock. William Blair reissued an “outperform” rating on shares of Cotiviti Holdings in a research report on Thursday, February 23rd. Raymond James Financial, Inc. assumed coverage on shares of Cotiviti Holdings in a research report on Friday, March 3rd. They set a “market perform” rating on the stock. Citigroup Inc assumed coverage on shares of Cotiviti Holdings in a research report on Thursday, March 2nd. They set a “market perform” rating on the stock. Barclays PLC reissued an “overweight” rating and set a $40.00 target price (up previously from $36.00) on shares of Cotiviti Holdings in a research report on Friday, March 10th. Finally, Zacks Investment Research downgraded shares of Cotiviti Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 10th.
Your IP Address:
In other news, major shareholder International Corp/Ma Advent sold 8,011,580 shares of the company’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $34.38, for a total value of $275,438,120.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Douglas Present sold 50,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director now directly owns 18,544 shares in the company, valued at $633,463.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,042,754 shares of company stock worth $312,508,384.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Cotiviti Holdings by 8.3% in the third quarter. BlackRock Inc. now owns 8,421 shares of the company’s stock valued at $283,000 after buying an additional 646 shares during the period. Alambic Investment Management L.P. acquired a new stake in Cotiviti Holdings during the third quarter valued at approximately $308,000. A.R.T. Advisors LLC acquired a new stake in Cotiviti Holdings during the fourth quarter valued at approximately $388,000. Schwab Charles Investment Management Inc. acquired a new stake in Cotiviti Holdings during the second quarter valued at approximately $402,000. Finally, Latimer Light Capital L.P. acquired a new stake in Cotiviti Holdings during the third quarter valued at approximately $692,000.
Shares of Cotiviti Holdings (NASDAQ:COTV) opened at 39.60 on Tuesday. The stock has a 50 day moving average price of $36.59 and a 200 day moving average price of $33.96. The firm has a market capitalization of $3.59 billion and a PE ratio of 72.00. Cotiviti Holdings has a 1-year low of $17.00 and a 1-year high of $41.38.
Cotiviti Holdings (NASDAQ:COTV) last issued its quarterly earnings data on Wednesday, February 22nd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The firm earned $167.90 million during the quarter, compared to analysts’ expectations of $161.40 million. During the same period in the previous year, the firm earned $0.32 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. Equities research analysts anticipate that Cotiviti Holdings will post $1.51 earnings per share for the current fiscal year.
About Cotiviti Holdings
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.
Receive News & Ratings for Cotiviti Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cotiviti Holdings Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.