Cotiviti Holdings Inc (COTV) Given Consensus Rating of “Hold” by Brokerages
Cotiviti Holdings Inc (NYSE:COTV) has earned an average rating of “Hold” from the thirteen brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $40.38.
Several analysts have commented on the company. BidaskClub raised Cotiviti from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Citigroup assumed coverage on Cotiviti in a report on Thursday, January 4th. They issued a “buy” rating on the stock. Zacks Investment Research lowered Cotiviti from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 2nd. Robert W. Baird reissued a “buy” rating and issued a $44.00 price objective on shares of Cotiviti in a report on Friday, November 3rd. Finally, Deutsche Bank assumed coverage on Cotiviti in a report on Friday, December 8th. They issued a “hold” rating and a $34.00 price objective on the stock.
In other news, SVP Jonathan Olefson sold 15,000 shares of Cotiviti stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $32.37, for a total value of $485,550.00. Following the sale, the senior vice president now directly owns 15,149 shares of the company’s stock, valued at $490,373.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO J Douglas Williams sold 8,364 shares of Cotiviti stock in a transaction that occurred 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 in the company, valued at $87,518,046.21. The disclosure for this sale can be found here. Over the last three months, insiders sold 148,221 shares of company stock worth $4,878,073. 15.80% of the stock is owned by corporate insiders.
Shares of Cotiviti (NYSE:COTV) opened at $35.07 on Friday. The company has a market capitalization of $3,240.00 and a PE ratio of 35.79. Cotiviti has a 1-year low of $30.84 and a 1-year high of $45.97. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.73.
Cotiviti (NYSE:COTV) last issued its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.39 EPS for the quarter, beating the 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 company had revenue of $174.20 million for the quarter, compared to analyst estimates of $174.01 million. During the same period last year, the company earned $0.36 earnings per share. Cotiviti’s quarterly revenue was up 11.5% compared to the same quarter last year. analysts predict that Cotiviti will post 1.41 EPS for the current year.
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.
Receive News & Ratings for Cotiviti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cotiviti and related companies with MarketBeat.com's FREE daily email newsletter.