Ontrak, Inc. (NASDAQ:OTRK) Insider Arik Hill Purchases 26,315 Shares

Ontrak, Inc. (NASDAQ:OTRK – Get Rating) insider Arik Hill bought 26,315 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The shares were bought at an average cost of $1.52 per share, for a total transaction of $39,998.80. Following the transaction, the insider now directly owns 26,315 shares of the company’s stock, valued at approximately $39,998.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NASDAQ OTRK traded down $0.16 on Tuesday, hitting $1.44. 201,331 shares of the company were exchanged, compared to its average volume of 482,748. The firm has a 50 day moving average of $1.74 and a two-hundred day moving average of $3.69. The company has a market cap of $27.60 million, a P/E ratio of -0.51 and a beta of 2.46. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.50. Ontrak, Inc. has a 1-year low of $1.03 and a 1-year high of $41.65.

Ontrak (NASDAQ:OTRK – Get Rating) last issued its quarterly earnings results on Tuesday, March 8th. The company reported ($0.74) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.78) by $0.04. Ontrak had a negative net margin of 76.31% and a negative return on equity of 80.10%. The business had revenue of $10.33 million for the quarter. During the same quarter last year, the company earned ($0.20) EPS. Research analysts anticipate that Ontrak, Inc. will post -3.01 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. 180 Wealth Advisors LLC lifted its position in Ontrak by 128.0% during the 4th quarter. 180 Wealth Advisors LLC now owns 36,035 shares of the company’s stock valued at $123,000 after purchasing an additional 20,230 shares during the period. Trexquant Investment LP acquired a new stake in shares of Ontrak in the 3rd quarter valued at approximately $294,000. Qube Research & Technologies Ltd acquired a new stake in shares of Ontrak in the 4th quarter valued at approximately $65,000. Lombard Odier Asset Management Switzerland SA raised its position in shares of Ontrak by 10.3% in the 3rd quarter. Lombard Odier Asset Management Switzerland SA now owns 454,768 shares of the company’s stock valued at $4,566,000 after acquiring an additional 42,437 shares during the period. Finally, B. Riley Wealth Management Inc. acquired a new stake in shares of Ontrak in the 3rd quarter valued at approximately $452,000. Institutional investors own 76.18% of the company’s stock.

OTRK has been the topic of several analyst reports. Benchmark lowered their price target on shares of Ontrak from $5.00 to $4.00 in a report on Thursday, May 12th. Canaccord Genuity Group lowered their price target on shares of Ontrak from $13.00 to $2.50 in a report on Wednesday, March 9th. Finally, Cowen lowered their target price on shares of Ontrak from $9.00 to $1.30 in a report on Tuesday, May 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $10.56.

Ontrak Company Profile (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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