Catasys (CATS) Reaches New 1-Year High on Better-Than-Expected Earnings
Catasys, Inc. (NASDAQ:CATS) shares hit a new 52-week high on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $15.01 and last traded at $14.10, with a volume of 18417 shares. The stock had previously closed at $10.98.
The company reported ($0.09) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.16. The company had revenue of $5.62 million during the quarter, compared to the consensus estimate of $5.02 million.
A number of equities analysts recently commented on CATS shares. Oppenheimer started coverage on Catasys in a report on Thursday, February 14th. They issued an “outperform” rating and a $16.00 target price on the stock. TheStreet cut Catasys from a “c” rating to a “d+” rating in a report on Wednesday, December 26th. started coverage on Catasys in a report on Wednesday, February 13th. They issued an “outperform” rating and a $16.00 target price on the stock. started coverage on Catasys in a report on Wednesday, February 13th. They issued an “outperform” rating and a $16.00 target price on the stock. Finally, ValuEngine cut Catasys from a “strong-buy” rating to a “buy” rating in a report on Monday, February 4th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $15.20.
The firm has a market cap of $177.09 million, a P/E ratio of -16.69 and a beta of 1.95.
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About Catasys (NASDAQ:CATS)
Catasys, Inc provides big data predictive analytics, artificial intelligence and telehealth, combined with human intervention services to health plans and other third party payors. It offers OnTrak solution to improve treatment outcomes and lower the utilization of medical and behavioral health plan services.
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