Catasys (CATS) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Catasys (NASDAQ:CATS) from a sell rating to a hold rating in a research note published on Thursday.

According to Zacks, “Catasys, Inc., formerly known as Hythiam, Inc., provides specialized behavioral health management services to health plans, employers and unions through a network of licensed and company managed health care providers. The Company’s program seeks to improve member health by delivering medical and psychosocial interventions in combination with long term care coaching, including their proprietary treatment program for alcoholism and stimulant dependence. Catasys, Inc. is based in Los Angeles. “

Several other research firms have also weighed in on CATS. Taglich Brothers assumed coverage on shares of Catasys in a research note on Wednesday, October 18th. They set a speculative buy rating and a $8.00 price objective on the stock. Telsey Advisory Group assumed coverage on shares of Catasys in a research note on Wednesday, October 18th. They set a buy rating on the stock. Finally, ValuEngine lowered shares of Catasys from a hold rating to a sell rating in a research note on Saturday, October 21st.

Catasys (NASDAQ CATS) opened at $4.33 on Thursday. The firm has a market cap of $68.96, a PE ratio of -4.20 and a beta of 0.10. Catasys has a 52 week low of $3.30 and a 52 week high of $14.00.

Catasys (NASDAQ:CATS) last released its quarterly earnings data on Tuesday, November 14th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.04). equities research analysts forecast that Catasys will post -0.89 EPS for the current year.

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About Catasys

Catasys, Inc provides data analytics based specialized behavioral health management and integrated treatment services to health plans and other third party payors. It offers OnTrak solution to improve treatment outcomes and lower the utilization of medical and behavioral health plan services. The company’s OnTrak solution includes medical and psychosocial interventions; and a proprietary Web based clinical information platform and database, psychosocial programs, and integrated care coaching services.

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