ValuEngine Downgrades Catasys (NASDAQ:CATS) to Hold

Catasys (NASDAQ:CATS) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Wednesday, ValuEngine reports.

Several other equities analysts have also weighed in on the company. Zacks Investment Research raised Catasys from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub raised Catasys from a “sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $26.00 target price on shares of Catasys in a research note on Friday, March 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $21.50.

NASDAQ:CATS traded up $1.35 during mid-day trading on Wednesday, hitting $10.90. The company had a trading volume of 169,432 shares, compared to its average volume of 130,815. Catasys has a fifty-two week low of $8.55 and a fifty-two week high of $20.83. The business’s fifty day moving average is $14.63 and its two-hundred day moving average is $15.55. The firm has a market cap of $159.74 million, a P/E ratio of -6.99 and a beta of 1.81.

Catasys (NASDAQ:CATS) last released its earnings results on Thursday, March 12th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.18). The business had revenue of $11.76 million during the quarter. As a group, research analysts anticipate that Catasys will post -0.62 earnings per share for the current year.

In related news, COO Curtis Medeiros bought 21,835 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were purchased at an average price of $10.74 per share, with a total value of $234,507.90. Corporate insiders own 59.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in CATS. Russell Investments Group Ltd. bought a new stake in shares of Catasys in the third quarter worth about $111,000. State Street Corp increased its holdings in shares of Catasys by 4.5% in the third quarter. State Street Corp now owns 112,652 shares of the company’s stock worth $1,775,000 after acquiring an additional 4,809 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Catasys by 715.3% in the third quarter. Millennium Management LLC now owns 40,763 shares of the company’s stock worth $642,000 after acquiring an additional 35,763 shares in the last quarter. FNY Investment Advisers LLC increased its holdings in shares of Catasys by 13,788.9% in the fourth quarter. FNY Investment Advisers LLC now owns 5,000 shares of the company’s stock worth $81,000 after acquiring an additional 4,964 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Catasys by 0.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 208,080 shares of the company’s stock worth $3,394,000 after acquiring an additional 905 shares in the last quarter. Institutional investors own 19.54% of the company’s stock.

Catasys Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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