Cotiviti Holdings was Downgraded to a Hold Rating at Leerink Partners
Cotiviti Holdings (NYSE: COTV) received a Hold rating from Leerink Partners analyst Ana Gupte today. The company’s shares closed yesterday at $44.12, close to its 52-week high of $45.97.
According to TipRanks.com, Gupte is a 5-star analyst with an average return of 18.3% and a 66.2% success rate. Gupte covers the Services sector, focusing on stocks such as American Renal Associates Holdings Inc, WellCare Health Plans, and Tenet Healthcare.
Currently, the analyst consensus on Cotiviti Holdings is a Hold with an average price target of $42.81, a -3.0% downside from current levels. In a report issued on June 19, Robert W. Baird also downgraded the stock to Hold.
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Cotiviti Holdings’ market cap is currently $4.1B and has a P/E ratio of 25.50. The company has a Price to Book ratio of 3.50.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of COTV in relation to earlier this year.
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Cotiviti Holdings, Inc. engages in the provision of analytics driven payment accuracy and spend management solutions. It operates through two segments: Healthcare; and Global Retail and Other. The Healthcare segment offers prospective and retrospective claims accuracy solutions to healthcare payers.