Ontrak (NASDAQ:OTRK) Stock Price Down 4.3%


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Ontrak, Inc. (NASDAQ:OTRK)’s share price was down 4.3% during mid-day trading on Tuesday . The stock traded as low as $32.97 and last traded at $32.97. Approximately 5,396 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 973,151 shares. The stock had previously closed at $34.46.

Several research analysts have issued reports on OTRK shares. Benchmark lifted their price target on shares of Ontrak from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, March 17th. B. Riley decreased their price objective on shares of Ontrak from $110.00 to $73.00 and set a “buy” rating for the company in a research note on Tuesday, March 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 price objective (down previously from $82.00) on shares of Ontrak in a research note on Monday, March 8th. Cowen reaffirmed a “market perform” rating and issued a $35.00 price objective (down previously from $75.00) on shares of Ontrak in a research note on Monday, March 8th. Finally, Canaccord Genuity raised shares of Ontrak from a “hold” rating to a “buy” rating and raised their price objective for the stock from $32.00 to $46.00 in a research note on Monday, March 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $47.20.

The business’s 50 day simple moving average is $41.37 and its 200-day simple moving average is $59.11. The company has a market cap of $589.78 million, a price-to-earnings ratio of -19.61 and a beta of 2.52. The company has a debt-to-equity ratio of 3.04, a quick ratio of 3.59 and a current ratio of 3.59.

Large investors have recently modified their holdings of the business. Great West Life Assurance Co. Can acquired a new stake in shares of Ontrak during the 3rd quarter valued at $155,000. JPMorgan Chase & Co. acquired a new stake in shares of Ontrak in the 3rd quarter valued at $185,000. UBS Asset Management Americas Inc. acquired a new stake in shares of Ontrak in the 3rd quarter valued at $216,000. M&T Bank Corp lifted its stake in shares of Ontrak by 4.7% in the 4th quarter. M&T Bank Corp now owns 3,551 shares of the company’s stock valued at $219,000 after purchasing an additional 158 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of Ontrak in the 4th quarter valued at $220,000. 27.49% of the stock is owned by institutional investors.

Ontrak Company Profile (NASDAQ:OTRK)

Ontrak, Inc operates as an artificial intelligence powered, virtualized outpatient healthcare treatment company that provides in-person or telehealth intervention services to health plans and other third-party payors. Its Ontrak PRE (Predict-Recommend-Engage) platform predicts people whose chronic disease will improve with behavior change, recommends care pathways that people are willing to follow, and engages people who aren't getting the care they need.

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