Terren S. Peizer Sells 15,000 Shares of Ontrak, Inc. (NASDAQ:OTRK) Stock

Ontrak, Inc. (NASDAQ:OTRK) Chairman Terren S. Peizer sold 15,000 shares of Ontrak stock in a transaction on Monday, September 13th. The shares were sold at an average price of $11.00, for a total value of $165,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ontrak stock opened at $10.69 on Wednesday. The firm has a market cap of $204.69 million, a price-to-earnings ratio of -7.64 and a beta of 2.14. The stock has a fifty day simple moving average of $21.26 and a two-hundred day simple moving average of $28.17. Ontrak, Inc. has a 12 month low of $9.51 and a 12 month high of $99.89. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.79.

Ontrak (NASDAQ:OTRK) last issued its quarterly earnings data on Thursday, August 5th. The company reported ($0.31) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.52) by $0.21. Ontrak had a negative return on equity of 24.37% and a negative net margin of 16.70%. The company had revenue of $26.49 million during the quarter, compared to analyst estimates of $22.01 million. On average, equities research analysts forecast that Ontrak, Inc. will post -1.97 EPS for the current fiscal year.

OTRK has been the subject of a number of recent research reports. Benchmark lowered their price objective on Ontrak from $35.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, August 20th. Zacks Investment Research cut Ontrak from a “buy” rating to a “hold” rating in a research note on Tuesday, August 17th. Cowen cut Ontrak from a “market perform” rating to an “underperform” rating and lowered their price objective for the company from $35.00 to $9.00 in a research note on Thursday, August 19th. Canaccord Genuity lowered Ontrak from a “buy” rating to a “hold” rating in a report on Thursday, August 19th. Finally, B. Riley lowered Ontrak from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $58.00 to $15.00 in a report on Friday, August 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $23.33.

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Ontrak by 11.8% in the first quarter. Geode Capital Management LLC now owns 134,516 shares of the company’s stock worth $4,379,000 after buying an additional 14,166 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ontrak in the first quarter worth about $361,000. G2 Investment Partners Management LLC purchased a new stake in shares of Ontrak in the first quarter worth about $254,000. Morgan Stanley lifted its position in shares of Ontrak by 199.2% in the first quarter. Morgan Stanley now owns 182,231 shares of the company’s stock worth $5,933,000 after buying an additional 121,322 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of Ontrak in the first quarter worth about $511,000. Institutional investors and hedge funds own 30.08% of the company’s stock.

About Ontrak

Ontrak, Inc provides data analytics based behavioral health management and integrated treatment services to health plans. It offers services through its platform OnTrak solution which is designed to improve member health and at the same time, lower costs to the insurer for underserved populations where behavioral health conditions cause or exacerbate co-existing medical conditions.

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