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.
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.
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