Catasys, Inc. (NASDAQ:CATS)’s share price shot up 5.8% on Thursday . The company traded as high as $15.60 and last traded at $15.60, 221,207 shares changed hands during mid-day trading. An increase of 73% from the average session volume of 127,908 shares. The stock had previously closed at $14.75.

A number of research firms recently weighed in on CATS. Zacks Investment Research lowered shares of Catasys from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. BidaskClub downgraded shares of Catasys from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, ValuEngine raised shares of Catasys from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $18.20.

The company’s fifty day simple moving average is $14.80 and its 200 day simple moving average is $16.65. The stock has a market capitalization of $244.96 million, a P/E ratio of -17.53 and a beta of 1.62.

Catasys (NASDAQ:CATS) last announced its quarterly earnings results on Wednesday, November 13th. The company reported ($0.52) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.20). The business had revenue of $8.85 million for the quarter, compared to analysts’ expectations of $9.10 million. As a group, equities analysts anticipate that Catasys, Inc. will post -1.1 EPS for the current year.

Large investors have recently made changes to their positions in the business. FNY Investment Advisers LLC boosted its holdings in Catasys by 56.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 6,088 shares of the company’s stock valued at $117,000 after purchasing an additional 2,193 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Catasys during the 3rd quarter worth $111,000. WINTON GROUP Ltd bought a new stake in shares of Catasys during the 2nd quarter worth $227,000. Wells Fargo & Company MN lifted its holdings in shares of Catasys by 257.7% during the 2nd quarter. Wells Fargo & Company MN now owns 13,773 shares of the company’s stock worth $264,000 after acquiring an additional 9,923 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in shares of Catasys during the 2nd quarter worth $269,000. 19.02% of the stock is owned by hedge funds and other institutional investors.

About Catasys (NASDAQ:CATS)

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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