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.
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.
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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