The stock of Cotiviti Holdings Inc (NYSE:COTV) is a huge mover today! About 609,005 shares traded hands or 95.40% up from the average. Cotiviti Holdings Inc (NYSE:COTV) has risen 6.00% since September 4, 2016 and is uptrending. It has underperformed by 6.22% the S&P500.
The move comes after 6 months positive chart setup for the $3.24 billion company. It was reported on Oct, 4 by Barchart.com. We have $46.44 PT which if reached, will make NYSE:COTV worth $939.60 million more.
Analysts await Cotiviti Holdings Inc (NYSE:COTV) to report earnings on November, 8. COTV’s profit will be $21.60M for 37.50 P/E if the $0.24 EPS becomes a reality. After $0.33 actual earnings per share reported by Cotiviti Holdings Inc for the previous quarter, Wall Street now forecasts -27.27% negative EPS growth.
Cotiviti Holdings Inc (NYSE:COTV) Ratings Coverage
Out of 2 analysts covering Cotiviti (NYSE:COTV), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Cotiviti has been the topic of 2 analyst reports since August 11, 2016 according to StockzIntelligence Inc. The rating was maintained by Citigroup with “Neutral” on Thursday, August 11. The firm earned “Overweight” rating on Thursday, August 11 by Barclays Capital.
According to Zacks Investment Research, “Cotiviti Holdings, Inc. provides payment processing services. The Company is focused primarily on the healthcare sector. Cotiviti Holdings, Inc. is headquartered in Atlanta, Georgia.”
More notable recent Cotiviti Holdings Inc (NYSE:COTV) news were published by: Marketwatch.com which released: “Virtual Stock Exchange” on May 25, 2016, also Businesswire.com with their article: “Cotiviti Holdings, Inc. Announces Completion of Refinancing” published on September 28, 2016, Businesswire.com published: “Cotiviti Holdings, Inc. Announces Pricing of Initial Public Offering” on May 25, 2016. More interesting news about Cotiviti Holdings Inc (NYSE:COTV) were released by: Streetinsider.com and their article: “Cotiviti Holdings, Inc. (COTV) Reports Q2 EPS of $0.37” published on August 09, 2016 as well as Bloomberg.com‘s news article titled: “Advent-Backed Cotiviti Files for IPO Led by Goldman, JPM” with publication date: April 29, 2016.
COTV Company Profile
Cotiviti Holdings, Inc. is a well-known provider of analytics-driven payment accuracy solutions. The Firm is focused primarily on the healthcare sector. The Company’s integrated solutions help clients manage payment accuracy in healthcare environment. The Firm operates in two divisions: Healthcare, and Global Retail and Other. The Company, through its Healthcare segment, offers prospective and retrospective claims accuracy solutions to healthcare payers in the United States. The Firm also provides analytics solutions unrelated to its healthcare payment accuracy solutions in the United States. The Company, through its Global Retail and Other segment, provides retrospective claims accuracy solutions to retailers primarily in the United States, Canada and the United Kingdom, as well as solutions that manages payment networks for a range of clients.
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