Brokers Offer Predictions for Catasys, Inc.’s FY2019 Earnings (NASDAQ:CATS)

Catasys, Inc. (NASDAQ:CATS) – Oppenheimer decreased their FY2019 earnings per share estimates for Catasys in a report released on Thursday, November 14th. Oppenheimer analyst M. Naidu now forecasts that the company will post earnings per share of ($1.08) for the year, down from their previous estimate of ($1.01). Oppenheimer also issued estimates for Catasys’ Q1 2020 earnings at ($0.22) EPS, Q3 2020 earnings at ($0.12) EPS and FY2020 earnings at ($0.57) EPS.

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Catasys (NASDAQ:CATS) last posted its quarterly earnings data on Wednesday, November 13th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.20). The business had revenue of $8.85 million during the quarter, compared to analysts’ expectations of $9.10 million.

Several other research analysts have also recently weighed in on the company. BidaskClub cut Catasys from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Zacks Investment Research cut Catasys from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, ValuEngine upgraded Catasys from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $18.20.

CATS stock opened at $15.10 on Monday. The stock has a market capitalization of $258.73 million, a price-to-earnings ratio of -16.97 and a beta of 1.62. The business’s fifty day moving average price is $14.77 and its two-hundred day moving average price is $16.64. Catasys has a fifty-two week low of $8.71 and a fifty-two week high of $20.83.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC grew its holdings in shares of Catasys by 5.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 16,100 shares of the company’s stock worth $254,000 after purchasing an additional 800 shares in the last quarter. FNY Investment Advisers LLC grew its holdings in shares of Catasys by 56.3% during the 2nd quarter. FNY Investment Advisers LLC now owns 6,088 shares of the company’s stock worth $117,000 after purchasing an additional 2,193 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Catasys during the 3rd quarter worth $111,000. Wells Fargo & Company MN grew its holdings in shares of Catasys by 257.7% during the 2nd quarter. Wells Fargo & Company MN now owns 13,773 shares of the company’s stock worth $264,000 after purchasing an additional 9,923 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Catasys during the 2nd quarter worth $227,000. 19.02% of the stock is currently owned by 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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