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.
Further Reading: Trading Ex-Dividend Strategy
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]7 Electric Vehicle (EV) Stocks That Are Ready to Rebound
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