Benchmark Cuts Ontrak (NASDAQ:OTRK) Price Target to $4.00

Ontrak (NASDAQ:OTRKGet Rating) had its price target lowered by equities research analysts at Benchmark from $5.00 to $4.00 in a report issued on Thursday, The Fly reports. Benchmark’s target price would suggest a potential upside of 263.64% from the stock’s previous close.

Separately, Canaccord Genuity Group decreased their price target on Ontrak from $13.00 to $2.50 in a research note on Wednesday, March 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.10.

Shares of NASDAQ:OTRK opened at $1.10 on Thursday. The firm has a market capitalization of $21.08 million, a PE ratio of -0.45 and a beta of 2.46. The company has a debt-to-equity ratio of 0.79, a current ratio of 7.77 and a quick ratio of 7.77. The business has a 50-day moving average of $1.86 and a two-hundred day moving average of $4.24. Ontrak has a 12 month low of $1.09 and a 12 month high of $41.65.

Ontrak (NASDAQ:OTRKGet Rating) last issued its earnings results on Tuesday, March 8th. The company reported ($0.74) earnings per share for the quarter, topping the consensus estimate of ($0.78) by $0.04. Ontrak had a negative return on equity of 49.63% and a negative net margin of 44.15%. The company had revenue of $10.33 million during the quarter. During the same period in the previous year, the company earned ($0.20) EPS.

Institutional investors have recently bought and sold shares of the stock. Morgan Stanley raised its position in Ontrak by 331.7% in the 3rd quarter. Morgan Stanley now owns 632,409 shares of the company’s stock valued at $6,349,000 after purchasing an additional 485,905 shares during the last quarter. BlackRock Inc. grew its stake in shares of Ontrak by 0.7% during the third quarter. BlackRock Inc. now owns 577,593 shares of the company’s stock worth $5,799,000 after purchasing an additional 4,061 shares during the period. Lombard Odier Asset Management Switzerland SA grew its stake in Ontrak by 9.2% in the fourth quarter. Lombard Odier Asset Management Switzerland SA now owns 496,788 shares of the company’s stock valued at $3,125,000 after acquiring an additional 42,020 shares during the period. Marshall Wace LLP grew its stake in Ontrak by 979.8% in the fourth quarter. Marshall Wace LLP now owns 474,967 shares of the company’s stock valued at $2,988,000 after acquiring an additional 430,979 shares during the period. Finally, Two Sigma Investments LP grew its stake in Ontrak by 8,831.3% in the third quarter. Two Sigma Investments LP now owns 323,058 shares of the company’s stock valued at $3,244,000 after acquiring an additional 326,758 shares during the period. Institutional investors and hedge funds own 76.18% of the company’s stock.

About Ontrak (Get Rating)

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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