Cotiviti Holdings Inc (NASDAQ:COTV) has been given an average recommendation of “Buy” by the fifteen brokerages that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $34.78.
A number of equities analysts recently issued reports on the stock. Barclays PLC boosted their target price on shares of Cotiviti Holdings from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, March 10th. Jefferies Group LLC assumed coverage on shares of Cotiviti Holdings in a research report on Thursday, April 13th. They set a “hold” rating and a $45.00 target price on the stock. Leerink Swann assumed coverage on shares of Cotiviti Holdings in a research report on Friday, April 7th. They set an “outperform” rating and a $48.00 target price on the stock. William Blair reaffirmed an “outperform” rating on shares of Cotiviti Holdings in a research report on Thursday, February 23rd. Finally, Zacks Investment Research lowered shares of Cotiviti Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th.
In other news, Director Douglas Present sold 14,252 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $38.36, for a total value of $546,706.72. Following the sale, the director now owns 2,357 shares in the company, valued at approximately $90,414.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO J Douglas Williams sold 16,655 shares of the business’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $37.73, for a total transaction of $628,393.15. Following the completion of the sale, the chief executive officer now owns 2,943,302 shares in the company, valued at approximately $111,050,784.46. The disclosure for this sale can be found here. Insiders have sold 45,907 shares of company stock worth $1,794,450 in the last quarter.
Large investors have recently modified their holdings of the stock. Quantbot Technologies LP increased its stake in shares of Cotiviti Holdings by 502.1% in the first quarter. Quantbot Technologies LP now owns 4,775 shares of the business services provider’s stock valued at $198,000 after buying an additional 3,982 shares in the last quarter. Invictus RG purchased a new stake in shares of Cotiviti Holdings during the first quarter valued at approximately $209,000. CIBC World Markets Inc. purchased a new stake in shares of Cotiviti Holdings during the first quarter valued at approximately $222,000. Trexquant Investment LP purchased a new stake in shares of Cotiviti Holdings during the first quarter valued at approximately $294,000. Finally, American International Group Inc. increased its stake in shares of Cotiviti Holdings by 7.0% in the first quarter. American International Group Inc. now owns 7,785 shares of the business services provider’s stock valued at $324,000 after buying an additional 512 shares in the last quarter.
Cotiviti Holdings (NASDAQ COTV) traded down 2.57% on Friday, reaching $37.09. 269,201 shares of the company’s stock were exchanged. Cotiviti Holdings has a 12 month low of $17.50 and a 12 month high of $42.99. The stock has a market capitalization of $3.41 billion and a PE ratio of 51.02. The firm has a 50 day moving average of $38.49 and a 200 day moving average of $37.17.
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About Cotiviti Holdings
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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