Shares of Ontrak, Inc. (NASDAQ:OTRK) have earned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $18.00.
A number of brokerages have commented on OTRK. Zacks Investment Research cut shares of Ontrak from a “buy” rating to a “hold” rating in a research note on Tuesday, August 17th. Benchmark cut their price target on shares of Ontrak from $35.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, August 20th. Cowen cut shares of Ontrak from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $35.00 to $9.00 in a research note on Thursday, August 19th. B. Riley cut shares of Ontrak from a “buy” rating to a “neutral” rating and cut their price target for the stock from $58.00 to $15.00 in a research note on Friday, August 20th. Finally, Canaccord Genuity cut shares of Ontrak from a “buy” rating to a “hold” rating in a research note on Thursday, August 19th.
In other news, Chairman Terren S. Peizer sold 15,000 shares of Ontrak stock in a transaction that occurred on Friday, September 3rd. The shares were sold at an average price of $12.25, for a total value of $183,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 195,000 shares of company stock valued at $2,161,350 in the last quarter. 53.70% of the stock is currently owned by corporate insiders.
OTRK stock traded up $0.29 during trading on Thursday, reaching $6.87. 438,547 shares of the stock were exchanged, compared to its average volume of 790,097. Ontrak has a twelve month low of $6.35 and a twelve month high of $99.89. The company has a market capitalization of $131.66 million, a P/E ratio of -4.35 and a beta of 2.01. The stock has a 50 day simple moving average of $9.12 and a 200-day simple moving average of $20.16. The company has a current ratio of 6.21, a quick ratio of 4.31 and a debt-to-equity ratio of 0.89.
Ontrak, Inc provides data analytics based 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.
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