Ontrak, Inc. (NASDAQ:OTRK) Given Consensus Recommendation of “Buy” by Analysts


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Shares of Ontrak, Inc. (NASDAQ:OTRK) have earned a consensus rating of “Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $82.00.

A number of equities research analysts recently issued reports on OTRK shares. Zacks Investment Research downgraded shares of Ontrak from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 20th. B. Riley upped their target price on shares of Ontrak from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, January 4th.

Several institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in Ontrak by 2.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 5,063 shares of the company’s stock valued at $313,000 after purchasing an additional 142 shares during the last quarter. M&T Bank Corp boosted its position in shares of Ontrak by 4.7% during the fourth quarter. M&T Bank Corp now owns 3,551 shares of the company’s stock valued at $219,000 after buying an additional 158 shares during the period. Taylor Wealth Management Partners boosted its position in shares of Ontrak by 0.3% during the fourth quarter. Taylor Wealth Management Partners now owns 84,667 shares of the company’s stock valued at $5,232,000 after buying an additional 239 shares during the period. Pathstone Family Office LLC purchased a new stake in shares of Ontrak in the third quarter worth approximately $30,000. Finally, JPMorgan Chase & Co. grew its position in Ontrak by 19.0% in the 4th quarter. JPMorgan Chase & Co. now owns 3,663 shares of the company’s stock valued at $226,000 after acquiring an additional 585 shares during the last quarter. Hedge funds and other institutional investors own 27.49% of the company’s stock.

Shares of OTRK traded up $0.75 during mid-day trading on Tuesday, hitting $69.45. 20,846 shares of the stock were exchanged, compared to its average volume of 481,358. The company has a debt-to-equity ratio of 3.04, a quick ratio of 3.59 and a current ratio of 3.59. The company has a market cap of $1.21 billion, a PE ratio of -39.96 and a beta of 2.52. Ontrak has a 52-week low of $8.55 and a 52-week high of $99.89. The firm has a 50-day moving average of $75.56 and a two-hundred day moving average of $64.12.

About Ontrak

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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Analyst Recommendations for Ontrak (NASDAQ:OTRK)

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