Price Action To Observe: Does Cotiviti Holdings Inc Have Any Gas After Today’s Big Increase?

Price Action To Observe: Does Cotiviti Holdings Inc Have Any Gas After Today's Big Increase?

The stock of Cotiviti Holdings Inc (NYSE:COTV) is a huge mover today! The stock increased 5.46% or $1.66 on November 23, hitting $32.05. About 450,079 shares traded hands or 89.82% up from the average. Cotiviti Holdings Inc (NYSE:COTV) has risen 6.00% since October 25, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
The move comes after 5 months positive chart setup for the $2.78 billion company. It was reported on Nov, 24 by Barchart.com. We have $33.65 PT which if reached, will make NYSE:COTV worth $139.00M more.

Analysts await Cotiviti Holdings Inc (NYSE:COTV) to report earnings on February, 8. COTV’s profit will be $28.62M for 24.28 P/E if the $0.33 EPS becomes a reality. After $0.24 actual earnings per share reported by Cotiviti Holdings Inc for the previous quarter, Wall Street now forecasts 37.50% EPS growth.

Cotiviti Holdings Inc (NYSE:COTV) Ratings Coverage

Out of 4 analysts covering Cotiviti (NYSE:COTV), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Cotiviti has been the topic of 4 analyst reports since August 11, 2016 according to StockzIntelligence Inc. The rating was reinitiated by JP Morgan with “Overweight” on Friday, October 28. The company was maintained on Thursday, August 11 by Barclays Capital. The firm has “Overweight” rating given on Tuesday, October 11 by First Analysis. The stock has “Neutral” rating given by Citigroup on Thursday, August 11.

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 important recent Cotiviti Holdings Inc (NYSE:COTV) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on May 06, 2016, also Seekingalpha.com published article titled: “Sell Ahead Of Lock-Up Expiration: Cotiviti Holdings, Inc.”, 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) was released by: Streetinsider.com and their article: “Cotiviti Holdings, Inc. (COTV) Tops Q3 EPS by 5c” with publication date: November 09, 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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