Catasys (NASDAQ:CATS) Downgraded to “Hold” at BidaskClub

BidaskClub lowered shares of Catasys (NASDAQ:CATS) from a buy rating to a hold rating in a research note released on Thursday morning, BidAskClub reports.

CATS has been the subject of several other research reports. ValuEngine downgraded shares of Catasys from a buy rating to a hold rating in a research report on Wednesday. Zacks Investment Research downgraded shares of Catasys from a hold rating to a sell rating in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $18.80.

Shares of CATS traded up $0.32 during mid-day trading on Thursday, hitting $15.35. 32,953 shares of the company were exchanged, compared to its average volume of 132,661. Catasys has a 1-year low of $7.51 and a 1-year high of $20.83. The company has a 50 day moving average of $15.61 and a 200-day moving average of $16.39. The stock has a market cap of $246.38 million, a price-to-earnings ratio of -17.25 and a beta of 1.65.

Catasys (NASDAQ:CATS) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.03). The company had revenue of $7.68 million for the quarter, compared to analysts’ expectations of $6.72 million. On average, equities research analysts expect that Catasys will post -1.06 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. River & Mercantile Asset Management LLP acquired a new stake in Catasys in the 2nd quarter valued at about $961,000. Invesco Ltd. raised its holdings in Catasys by 26.3% in the 2nd quarter. Invesco Ltd. now owns 109,157 shares of the company’s stock valued at $2,098,000 after acquiring an additional 22,728 shares during the last quarter. Vanguard Group Inc. raised its holdings in Catasys by 43.9% in the 2nd 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 during the last quarter. BlackRock Inc. raised its holdings in Catasys by 3,667.0% in the 2nd quarter. BlackRock Inc. now owns 460,664 shares of the company’s stock valued at $8,855,000 after acquiring an additional 448,435 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Catasys by 88.7% in the 2nd quarter. Northern Trust Corp now owns 37,249 shares of the company’s stock valued at $716,000 after acquiring an additional 17,507 shares during the last quarter. Institutional investors own 19.20% of the company’s stock.

Catasys Company Profile

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.

See Also: What does the Producer Price Index (PPI) tell investors?

Receive News & Ratings for Catasys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Catasys and related companies with MarketBeat.com's FREE daily email newsletter.