Cotiviti (COTV) Receives Media Sentiment Rating of 0.04

News articles about Cotiviti (NYSE:COTV) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cotiviti earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 46.1854816704411 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Several brokerages have commented on COTV. Zacks Investment Research upgraded Cotiviti from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Jefferies Group reduced their target price on Cotiviti from $41.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. BidaskClub cut Cotiviti from a “hold” rating to a “sell” rating in a research report on Monday, September 18th. Robert W. Baird reaffirmed a “buy” rating and issued a $44.00 target price on shares of Cotiviti in a research report on Friday, November 3rd. Finally, SunTrust Banks reissued a “buy” rating and set a $45.00 price objective on shares of Cotiviti in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $41.29.

Cotiviti (NYSE COTV) opened at $32.43 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. Cotiviti has a twelve month low of $30.84 and a twelve month high of $45.97. The stock has a market capitalization of $3,018.61, a PE ratio of 22.85, a P/E/G ratio of 1.85 and a beta of 0.47.

Cotiviti (NYSE:COTV) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The company had revenue of $174.20 million during the quarter, compared to analyst estimates of $174.01 million. Cotiviti had a return on equity of 7.68% and a net margin of 11.18%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 EPS. research analysts predict that Cotiviti will post 1.41 EPS for the current fiscal year.

In other Cotiviti news, COO David Beaulieu sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the sale, the chief operating officer now owns 43,133 shares in the company, valued at approximately $1,509,655. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO J Douglas Williams sold 16,655 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $35.71, for a total value of $594,750.05. Following the completion of the sale, the chief executive officer now owns 2,843,299 shares in the company, valued at approximately $101,534,207.29. The disclosure for this sale can be found here. Insiders have sold a total of 113,440 shares of company stock valued at $3,886,490 over the last 90 days. Corporate insiders own 15.80% of the company’s stock.

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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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