Ontrak (NASDAQ:OTRK) PT Raised to $50.00 at Benchmark

Last updated on Wednesday, March 17, 2021 | 2021 MarketBeat

Ontrak (NASDAQ:OTRK) had its price target hoisted by equities researchers at Benchmark from $40.00 to $50.00 in a report released on Wednesday, The Fly reports. The firm presently has a "buy" rating on the stock. Benchmark's price objective indicates a potential upside of 39.28% from the company's current price.

OTRK has been the subject of several other reports. B. Riley decreased their target price on shares of Ontrak from $110.00 to $73.00 and set a "buy" rating for the company in a research report on Tuesday, March 2nd. Cowen reissued a "market perform" rating and issued a $35.00 target price (down from $75.00) on shares of Ontrak in a research report on Monday, March 8th. Zacks Investment Research downgraded shares of Ontrak from a "hold" rating to a "sell" rating in a research report on Tuesday, March 9th. Canaccord Genuity raised shares of Ontrak from a "hold" rating to a "buy" rating and boosted their target price for the stock from $32.00 to $46.00 in a research report on Tuesday. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $32.00 target price (down from $82.00) on shares of Ontrak in a research report on Monday, March 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of "Hold" and an average price target of $47.20.

Ontrak stock opened at $35.90 on Wednesday. The firm has a market cap of $625.23 million, a PE ratio of -21.12 and a beta of 2.52. The company has a debt-to-equity ratio of 3.04, a quick ratio of 3.59 and a current ratio of 3.59. The firm's 50 day moving average price is $63.76 and its two-hundred day moving average price is $63.17. Ontrak has a twelve month low of $8.55 and a twelve month high of $99.89.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. boosted its holdings in Ontrak by 30.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 4,700 shares of the company's stock valued at $290,000 after purchasing an additional 1,100 shares during the period. Pier 88 Investment Partners LLC boosted its holdings in Ontrak by 15.9% in the 4th quarter. Pier 88 Investment Partners LLC now owns 16,085 shares of the company's stock valued at $994,000 after purchasing an additional 2,205 shares during the period. Principal Financial Group Inc. bought a new stake in Ontrak in the 4th quarter valued at $220,000. JPMorgan Chase & Co. boosted its holdings in Ontrak by 19.0% in the 4th quarter. JPMorgan Chase & Co. now owns 3,663 shares of the company's stock valued at $226,000 after purchasing an additional 585 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of Ontrak in the 4th quarter valued at $579,000. 27.49% of the stock is owned by institutional investors and hedge funds.

Ontrak Company Profile

Ontrak, Inc operates as an artificial intelligence powered, virtualized outpatient healthcare treatment company that provides in-person or telehealth intervention services to health plans and other third-party payors. Its Ontrak PRE (Predict-Recommend-Engage) platform predicts people whose chronic disease will improve with behavior change, recommends care pathways that people are willing to follow, and engages people who aren't getting the care they need.

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Analyst Recommendations for Ontrak (NASDAQ:OTRK)

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