Cotiviti Holdings, Inc. (COTV) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Cotiviti Holdings, Inc. (NYSE:COTV) have earned a consensus recommendation of “Hold” from the twelve research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $41.29.
A number of equities analysts recently commented on the company. BidaskClub upgraded Cotiviti from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Zacks Investment Research downgraded Cotiviti from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Robert W. Baird reiterated a “buy” rating and set a $44.00 price objective on shares of Cotiviti in a research report on Friday, November 3rd. Mitsubishi UFJ Financial Group initiated coverage on Cotiviti in a research note on Thursday, September 21st. They set an “overweight” rating and a $42.00 target price for the company. Finally, SunTrust Banks reissued a “buy” rating and set a $45.00 target price on shares of Cotiviti in a research note on Friday, November 10th.
In other news, CEO J Douglas Williams sold 8,364 shares of Cotiviti stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $31.71, for a total value of $265,222.44. Following the completion of the sale, the chief executive officer now directly owns 2,759,951 shares of the company’s stock, valued at $87,518,046.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO David Beaulieu sold 5,000 shares of Cotiviti stock in a transaction on Monday, October 16th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of the sale, the chief operating officer now directly owns 43,133 shares of the company’s stock, valued at $1,509,655. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,440 shares of company stock valued at $3,886,490. 15.80% of the stock is owned by insiders.
Cotiviti (COTV) opened at $32.68 on Friday. The firm has a market capitalization of $2,937.32, a P/E ratio of 22.24, a PEG ratio of 1.80 and a beta of 0.90. Cotiviti has a 1 year low of $29.74 and a 1 year high of $45.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 1.44.
Cotiviti (NYSE:COTV) last announced its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. Cotiviti had a return on equity of 13.61% and a net margin of 13.86%. The firm had revenue of $174.20 million for the quarter, compared to the consensus estimate of $174.01 million. During the same quarter last year, the business posted $0.36 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year. sell-side analysts expect that Cotiviti will post 1.41 EPS for the current year.
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Cotiviti Company Profile
Cotiviti Holdings, Inc is a provider of analytics-driven payment accuracy solutions. The Company focuses 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.
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