Ontrak, Inc. (NASDAQ:OTRK) Given Consensus Rating of “Buy” by Brokerages


Share on StockTwits

Shares of Ontrak, Inc. (NASDAQ:OTRK) have received a consensus rating of “Buy” from the six analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $82.00.

A number of analysts have commented on OTRK shares. Zacks Investment Research downgraded shares of Ontrak from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 20th. B. Riley increased their price target on Ontrak from $100.00 to $110.00 and gave the company a “buy” rating in a report on Monday, January 4th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pathstone Family Office LLC acquired a new stake in Ontrak during the third quarter worth $30,000. Clearstead Advisors LLC acquired a new stake in shares of Ontrak during the 3rd quarter worth about $60,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Ontrak during the 3rd quarter worth about $69,000. CWM LLC purchased a new stake in Ontrak in the 3rd quarter valued at about $81,000. Finally, Great West Life Assurance Co. Can purchased a new position in Ontrak during the third quarter worth about $155,000. Hedge funds and other institutional investors own 27.49% of the company’s stock.

Shares of NASDAQ OTRK traded up $0.75 during mid-day trading on Tuesday, reaching $69.45. The company’s stock had a trading volume of 20,846 shares, compared to its average volume of 481,358. The stock has a 50-day moving average of $75.56 and a two-hundred day moving average of $64.12. The company has a debt-to-equity ratio of 3.04, a quick ratio of 3.59 and a current ratio of 3.59. The stock has a market capitalization of $1.21 billion, a P/E ratio of -39.96 and a beta of 2.52. Ontrak has a 1-year low of $8.55 and a 1-year high of $99.89.

Ontrak Company Profile

Ontrak, Inc operates as an artificial intelligence powered, virtualized outpatient healthcare treatment company that provides in-person or telehealth intervention services to health plans and other third-party payors. Its Ontrak PRE (Predict-Recommend-Engage) platform predicts people whose chronic disease will improve with behavior change, recommends care pathways that people are willing to follow, and engages people who aren't getting the care they need.

Read More: Intrinsic Value

Analyst Recommendations for Ontrak (NASDAQ:OTRK)

Receive News & Ratings for Ontrak Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ontrak and related companies with MarketBeat.com's FREE daily email newsletter.