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 dated Friday, September 24th. The stock was sold at an average price of $9.59, for a total value of $143,850.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

NASDAQ OTRK opened at $9.51 on Friday. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.79. The company has a market cap of $182.10 million, a price-to-earnings ratio of -6.79 and a beta of 2.14. The company has a 50 day moving average of $18.14 and a 200-day moving average of $27.23. Ontrak, Inc. has a 1-year low of $9.40 and a 1-year high of $99.89.

Ontrak (NASDAQ:OTRK) last announced its quarterly earnings data on Thursday, August 5th. The company reported ($0.31) earnings per share for the quarter, beating 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 firm had revenue of $26.49 million during the quarter, compared to analysts’ expectations of $22.01 million. On average, equities research analysts forecast that Ontrak, Inc. will post -1.97 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Credit Suisse AG lifted its holdings in shares of Ontrak by 14.5% during the 1st quarter. Credit Suisse AG now owns 1,036,720 shares of the company’s stock worth $33,754,000 after acquiring an additional 131,294 shares during the period. BlackRock Inc. lifted its stake in Ontrak by 2.4% during the first quarter. BlackRock Inc. now owns 623,683 shares of the company’s stock worth $20,306,000 after purchasing an additional 14,769 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Ontrak in the 1st quarter valued at $11,181,000. Blair William & Co. IL increased its stake in shares of Ontrak by 279.9% in the 2nd quarter. Blair William & Co. IL now owns 275,658 shares of the company’s stock valued at $8,953,000 after purchasing an additional 203,105 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Ontrak by 596.0% during the 1st quarter. Millennium Management LLC now owns 230,709 shares of the company’s stock worth $7,512,000 after buying an additional 197,561 shares in the last quarter. 30.08% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on the company. Cowen cut Ontrak from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $35.00 to $9.00 in a research note on Thursday, August 19th. Zacks Investment Research cut shares of Ontrak from a “buy” rating to a “hold” rating in a research note on Tuesday, August 17th. B. Riley lowered shares of Ontrak from a “buy” rating to a “neutral” rating and decreased their price target for the company from $58.00 to $15.00 in a research note on Friday, August 20th. Canaccord Genuity downgraded shares of Ontrak from a “buy” rating to a “hold” rating in a research report on Thursday, August 19th. Finally, Benchmark decreased their target price on Ontrak from $35.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Ontrak presently has a consensus rating of “Hold” and a consensus price target of $23.33.

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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