Catasys (NASDAQ:CATS) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, BidAskClub reports.
A number of other research analysts have also commented on CATS. ValuEngine lowered Catasys from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Zacks Investment Research lowered Catasys from a “hold” rating to a “sell” rating in a report on Monday, December 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Catasys presently has a consensus rating of “Buy” and an average target price of $18.20.
CATS traded up $0.30 during trading hours on Tuesday, reaching $16.52. The company’s stock had a trading volume of 1,681 shares, compared to its average volume of 92,656. Catasys has a 52 week low of $9.50 and a 52 week high of $20.83. The company’s 50-day moving average is $16.28 and its 200-day moving average is $16.08. The firm has a market cap of $270.75 million, a PE ratio of -18.35 and a beta of 1.69.
Catasys (NASDAQ:CATS) last posted its quarterly earnings results on Wednesday, November 13th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.20). The company had revenue of $8.85 million during the quarter, compared to analyst estimates of $9.10 million. Analysts predict that Catasys will post -1.08 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC grew its holdings in Catasys by 13,788.9% in the 4th quarter. FNY Investment Advisers LLC now owns 5,000 shares of the company’s stock valued at $81,000 after buying an additional 4,964 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Catasys in the 3rd quarter valued at $111,000. Wells Fargo & Company MN grew its holdings in Catasys by 257.7% in the 2nd quarter. Wells Fargo & Company MN now owns 13,773 shares of the company’s stock valued at $264,000 after buying an additional 9,923 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Catasys in the 2nd quarter valued at $302,000. Finally, CIBC Private Wealth Group LLC grew its holdings in Catasys by 5.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 16,100 shares of the company’s stock valued at $254,000 after buying an additional 800 shares in the last quarter. 19.54% of the stock is currently owned by hedge funds and other institutional investors.
Catasys Company Profile
Catasys, Inc provides big data predictive analytics, artificial intelligence and telehealth, combined with human intervention 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.
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