Cotiviti (COTV) Receiving Somewhat Favorable News Coverage, Report Shows

News coverage about Cotiviti (NYSE:COTV) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cotiviti earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 44.7001863596133 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Several equities research analysts have recently weighed in on COTV shares. Jefferies Group decreased their price target on Cotiviti from $41.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Deutsche Bank initiated coverage on Cotiviti in a research note on Friday, December 8th. They issued a “hold” rating and a $34.00 price target for the company. SunTrust Banks reaffirmed a “buy” rating and set a $45.00 target price on shares of Cotiviti in a research note on Friday, November 10th. Zacks Investment Research cut Cotiviti from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $44.00 target price on shares of Cotiviti in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $41.14.

Cotiviti (COTV) traded down $0.47 during midday trading on Friday, reaching $34.23. The company had a trading volume of 293,268 shares, compared to its average volume of 462,025. Cotiviti has a fifty-two week low of $30.84 and a fifty-two week high of $45.97. The firm has a market capitalization of $3,190.00 and a PE ratio of 34.93. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.73.

Cotiviti (NYSE:COTV) last released its earnings results on Tuesday, October 31st. The business services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Cotiviti had a return on equity of 13.61% and a net margin of 13.86%. The business had revenue of $174.20 million during the quarter, compared to analysts’ expectations of $174.01 million. During the same quarter last year, the firm posted $0.36 earnings per share. The firm’s revenue was up 11.5% on a year-over-year basis. sell-side analysts predict that Cotiviti will post 1.41 earnings per share for the current year.

In other Cotiviti news, COO David Beaulieu sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $35.00, for a total value of $525,000.00. Following the completion of the sale, the chief operating officer now owns 49,573 shares of the company’s stock, valued at $1,735,055. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO J Douglas Williams sold 8,364 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $31.71, for a total value of $265,222.44. Following the completion of the sale, the chief executive officer now directly owns 2,759,951 shares of the company’s stock, valued at approximately $87,518,046.21. The disclosure for this sale can be found here. Insiders sold 176,566 shares of company stock valued at $5,864,814 in the last three months. Insiders own 15.80% of the company’s stock.

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Cotiviti Company Profile

Cotiviti Holdings, Inc is a provider of analytics-driven payment accuracy solutions. The Company focuses primarily on the healthcare sector. The Company operates through two segments: Healthcare, and Global Retail and Other. Through its Healthcare segment, the Company offers prospective and retrospective claims accuracy solutions to healthcare payers in the United States.

Insider Buying and Selling by Quarter for Cotiviti (NYSE:COTV)

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