Catasys, Inc. (CATS) Receives Average Recommendation of “Buy” from Brokerages

Catasys, Inc. (NASDAQ:CATS) has been given a consensus broker rating score of 1.50 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating and one has assigned a strong buy rating to the company. Catasys’ rating score has improved by 25% from three months ago as a result of a number of analysts’ ratings changes.

Analysts have set a 1-year consensus price objective of $9.50 for the company and are predicting that the company will post ($0.28) earnings per share for the current quarter, according to Zacks. Zacks has also given Catasys an industry rank of 113 out of 255 based on the ratings given to related companies.

Several analysts recently weighed in on the company. Zacks Investment Research raised Catasys from a “sell” rating to a “hold” rating in a report on Tuesday, June 19th. Canaccord Genuity assumed coverage on Catasys in a report on Monday, June 18th. They set a “buy” rating and a $10.00 price target for the company. Finally, ValuEngine raised Catasys from a “hold” rating to a “buy” rating in a report on Friday, June 1st.

In related news, Director Steve Gorlin acquired 20,235 shares of the stock in a transaction on Friday, June 15th. The shares were purchased at an average price of $8.40 per share, for a total transaction of $169,974.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 73.80% of the stock is owned by company insiders.

A hedge fund recently bought a new stake in Catasys stock. EAM Investors LLC acquired a new position in shares of Catasys, Inc. (NASDAQ:CATS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 101,039 shares of the company’s stock, valued at approximately $679,000. EAM Investors LLC owned 0.64% of Catasys at the end of the most recent reporting period. 5.71% of the stock is owned by institutional investors and hedge funds.

NASDAQ:CATS remained flat at $$7.88 during mid-day trading on Friday. The company had a trading volume of 34,885 shares, compared to its average volume of 23,404. The firm has a market cap of $125.40 million, a PE ratio of -9.27 and a beta of 0.54. Catasys has a 1-year low of $3.30 and a 1-year high of $8.88.

Catasys (NASDAQ:CATS) last released its quarterly earnings results on Tuesday, May 15th. The company reported ($0.27) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.01). The firm had revenue of $1.91 million for the quarter, compared to analyst estimates of $3.00 million. Catasys had a negative return on equity of 546.50% and a net margin of 50.55%. equities analysts forecast that Catasys will post -1.09 EPS for the current year.

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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