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.

A number of large investors have recently bought and sold shares of the business. Uniplan Investment Counsel Inc. bought a new stake in Catasys during the third quarter valued at about $3,511,000. Vanguard Group Inc raised its holdings in Catasys by 53.8% during the third quarter. Vanguard Group Inc now owns 171,813 shares of the company’s stock valued at $2,208,000 after acquiring an additional 60,090 shares during the period. Vanguard Group Inc. raised its holdings in Catasys by 53.8% during the third quarter. Vanguard Group Inc. now owns 171,813 shares of the company’s stock valued at $2,208,000 after acquiring an additional 60,090 shares during the period. Janney Montgomery Scott LLC raised its holdings in Catasys by 9.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 143,756 shares of the company’s stock valued at $1,347,000 after acquiring an additional 12,742 shares during the period. Finally, Barclays PLC bought a new stake in Catasys during the fourth quarter valued at about $455,000. 10.88% of the stock is currently owned by institutional investors and hedge funds.

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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