Catasys, Inc. (NASDAQ:CATS) Given Consensus Recommendation of “Buy” by Analysts

Shares of Catasys, Inc. (NASDAQ:CATS) have been assigned a consensus rating of “Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $18.50.

CATS has been the subject of several analyst reports. BidaskClub raised Catasys from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research downgraded Catasys from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Canaccord Genuity increased their price objective on Catasys from $15.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Dougherty & Co initiated coverage on Catasys in a research note on Tuesday, May 7th. They issued a “buy” rating for the company.

Shares of Catasys stock traded down $2.33 on Thursday, hitting $15.45. The company had a trading volume of 338,714 shares, compared to its average volume of 136,417. The firm has a market capitalization of $275.74 million, a PE ratio of -17.36 and a beta of 1.61. Catasys has a 1 year low of $7.51 and a 1 year high of $20.83. The stock’s 50 day simple moving average is $17.94.

Catasys (NASDAQ:CATS) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.03). The firm had revenue of $7.68 million during the quarter, compared to analysts’ expectations of $6.72 million. As a group, analysts predict that Catasys will post -0.96 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of CATS. BlackRock Inc. raised its stake in shares of Catasys by 3,667.0% in the second quarter. BlackRock Inc. now owns 460,664 shares of the company’s stock worth $8,855,000 after purchasing an additional 448,435 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Catasys by 332.7% in the second quarter. Allianz Asset Management GmbH now owns 209,542 shares of the company’s stock valued at $4,027,000 after acquiring an additional 161,111 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Catasys by 43.9% in the second quarter. Vanguard Group Inc. now owns 389,307 shares of the company’s stock valued at $7,482,000 after acquiring an additional 118,792 shares in the last quarter. Westwood Management Corp IL grew its holdings in shares of Catasys by 127.3% in the second quarter. Westwood Management Corp IL now owns 125,000 shares of the company’s stock valued at $2,402,000 after acquiring an additional 70,000 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Catasys by 19.1% in the first quarter. Janney Montgomery Scott LLC now owns 171,223 shares of the company’s stock valued at $2,094,000 after acquiring an additional 27,467 shares in the last quarter. 13.31% of the stock is owned by hedge funds and other institutional investors.

About Catasys

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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