Terren S. Peizer Sells 89,572 Shares of Ontrak, Inc. (NASDAQ:OTRK) Stock

Ontrak, Inc. (NASDAQ:OTRK) Chairman Terren S. Peizer sold 89,572 shares of the business’s stock in a transaction on Monday, May 10th. The stock was sold at an average price of $30.50, for a total transaction of $2,731,946.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NASDAQ:OTRK opened at $31.28 on Thursday. The company has a market cap of $554.81 million, a PE ratio of -18.40 and a beta of 2.52. Ontrak, Inc. has a twelve month low of $17.55 and a twelve month high of $99.89. The company’s 50 day moving average is $31.74 and its 200 day moving average is $53.56. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 3.04.

Ontrak (NASDAQ:OTRK) last released its quarterly earnings results on Monday, March 1st. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.12. The company had revenue of $29.25 million during the quarter, compared to analyst estimates of $28.59 million. Equities research analysts predict that Ontrak, Inc. will post -1.41 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in OTRK. Credit Suisse AG raised its holdings in shares of Ontrak by 22,643.7% during the 4th quarter. Credit Suisse AG now owns 905,426 shares of the company’s stock worth $55,946,000 after acquiring an additional 901,445 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in Ontrak during the first quarter worth approximately $9,659,000. Thornburg Investment Management Inc. purchased a new stake in Ontrak in the fourth quarter valued at approximately $6,699,000. International Assets Investment Management LLC purchased a new stake in shares of Ontrak during the fourth quarter worth approximately $614,000. Finally, Hussman Strategic Advisors Inc. acquired a new position in Ontrak during the fourth quarter worth $1,261,000. Institutional investors own 27.49% of the company’s stock.

Several research firms have recently commented on OTRK. B. Riley lowered their target price on shares of Ontrak from $73.00 to $58.00 and set a “buy” rating on the stock in a report on Monday. Benchmark upped their price target on shares of Ontrak from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, March 17th. Zacks Investment Research cut shares of Ontrak from a “buy” rating to a “sell” rating in a research report on Wednesday. Royal Bank of Canada restated a “sector perform” rating and issued a $32.00 price target (down from $82.00) on shares of Ontrak in a report on Monday, March 8th. Finally, Canaccord Genuity cut their price target on shares of Ontrak from $46.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, May 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $41.67.

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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