Analysts Issued Catasys, Inc. (CATS) Target Price at $15.75

Analysts Issued Catasys, Inc. (CATS) Target Price at $15.75

Several analysts have weighed in on CATS shares. Oppenheimer started coverage on Catasys in a research note on Thursday, February 14th. They set an “outperform” rating and a $16.00 target price on the stock. TheStreet downgraded Catasys from a “c” rating to a “d+” rating in a research note on Wednesday, December 26th. started coverage on Catasys in a research note on Wednesday, February 13th. They set an “outperform” rating and a $16.00 target price on the stock. started coverage on Catasys in a research note on Wednesday, February 13th. They set an “outperform” rating and a $16.00 target price on the stock. Finally, ValuEngine downgraded Catasys from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th.

Shares of Catasys, Inc. (NASDAQ:CATS) have received an average rating of “Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $15.75.

A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in shares of Catasys by 205.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,418 shares of the company’s stock worth $134,000 after buying an additional 7,008 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Catasys in the 3rd quarter worth $139,000. Ancora Advisors LLC bought a new stake in shares of Catasys in the 3rd quarter worth $191,000. B. Riley Wealth Management Inc. bought a new stake in shares of Catasys in the 3rd quarter worth $217,000. Finally, Northern Trust Corp raised its stake in shares of Catasys by 95.2% in the 4th quarter. Northern Trust Corp now owns 19,634 shares of the company’s stock worth $184,000 after buying an additional 9,578 shares in the last quarter. 10.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Catasys stock opened at $9.98 on Monday. The firm has a market cap of $161.36 million, a price-to-earnings ratio of -11.74 and a beta of 1.95. Catasys has a 1-year low of $4.21 and a 1-year high of $14.29.

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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