ValuEngine Downgrades Catasys (NASDAQ:CATS) to Hold

Catasys (NASDAQ:CATS) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Wednesday, ValuEngine reports.

Several other analysts have also recently weighed in on the company. BidaskClub raised Catasys from a “sell” rating to a “hold” rating in a report on Tuesday, January 14th. Canaccord Genuity reissued a “buy” rating and set a $26.00 price target on shares of Catasys in a report on Friday, March 13th. Finally, Zacks Investment Research raised Catasys from a “sell” rating to a “hold” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $21.50.

Shares of CATS traded up $1.35 during mid-day trading on Wednesday, reaching $10.90. The company’s stock had a trading volume of 169,432 shares, compared to its average volume of 130,815. Catasys has a 1-year low of $8.55 and a 1-year high of $20.83. The stock has a market cap of $159.74 million, a P/E ratio of -6.99 and a beta of 1.81. The business has a 50-day simple moving average of $14.63 and a two-hundred day simple moving average of $15.55.

Catasys (NASDAQ:CATS) last released its quarterly earnings data on Thursday, March 12th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.34) by ($0.18). The firm had revenue of $11.76 million during the quarter. As a group, research analysts predict that Catasys will post -0.62 EPS for the current fiscal year.

In other news, COO Curtis Medeiros purchased 21,835 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was acquired at an average cost of $10.74 per share, with a total value of $234,507.90. Company insiders own 59.80% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in Catasys during the 3rd quarter worth approximately $111,000. FNY Investment Advisers LLC lifted its holdings in Catasys by 13,788.9% during the 4th quarter. FNY Investment Advisers LLC now owns 5,000 shares of the company’s stock worth $81,000 after purchasing an additional 4,964 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in Catasys by 3.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 16,725 shares of the company’s stock worth $273,000 after acquiring an additional 625 shares during the period. Millennium Management LLC increased its stake in Catasys by 715.3% during the 3rd quarter. Millennium Management LLC now owns 40,763 shares of the company’s stock worth $642,000 after acquiring an additional 35,763 shares during the period. Finally, Barclays PLC increased its stake in Catasys by 84.4% during the 4th quarter. Barclays PLC now owns 7,209 shares of the company’s stock worth $118,000 after acquiring an additional 3,299 shares during the period. 19.54% of the stock is owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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