Canaccord Genuity Keeps Their Hold Rating on Ontrak (OTRK)

In a report released yesterday, Richard Close from Canaccord Genuity maintained a Hold rating on Ontrak (OTRK), with a price target of $32.00. The company’s shares closed last Tuesday at $28.49.

According to, Close is a 5-star analyst with an average return of 26.8% and a 61.0% success rate. Close covers the Technology sector, focusing on stocks such as Castlight Health, Health Catalyst, and HealthStream.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ontrak with a $43.40 average price target, which is a 63.8% upside from current levels. In a report issued on March 1, RBC Capital also downgraded the stock to Hold with a $32.00 price target.

See today’s analyst top recommended stocks >>

Based on Ontrak’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $29.25 million and GAAP net loss of $3.23 million. In comparison, last year the company earned revenue of $11.76 million and had a GAAP net loss of $8.69 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Catasys, Inc. provides data analytics based specialized behavioral health management and integrated treatment services to health plans. It offers services through its platform OnTrak solution which is designed to improve member health and, at the same time, lower costs to the insurer for underserved populations where behavioral health conditions cause or exacerbate co-existing medical conditions. The company was founded by Terren S. Peizer in February 2003 and is headquartered in Santa Monica, CA.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts