Catasys (NASDAQ:CATS) will be posting its quarterly earnings results after the market closes on Wednesday, August 14th. Analysts expect Catasys to post earnings of ($0.31) per share for the quarter.
NASDAQ CATS traded up $0.55 on Tuesday, hitting $17.23. The company’s stock had a trading volume of 21,043 shares, compared to its average volume of 143,211. Catasys has a 52-week low of $7.51 and a 52-week high of $20.83. The firm’s 50-day simple moving average is $17.97. The firm has a market capitalization of $255.22 million, a price-to-earnings ratio of -19.35 and a beta of 1.61.
Several equities research analysts have weighed in on the company. Canaccord Genuity increased their price objective on Catasys from $15.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Dougherty & Co assumed coverage on Catasys in a report on Tuesday, May 7th. They issued a “buy” rating for the company. BidaskClub cut Catasys from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Finally, Zacks Investment Research cut Catasys from a “buy” rating to a “hold” rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $18.80.
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.
Further Reading: Are analyst ratings accurate?
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