Revenue Update on Cotiviti Holdings(NYSE:COTV)

Cotiviti Holdings(NYSE:COTV) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $167.912M. Analysts estimated a revenue of $161.400M. The revenues were 4.03% above the estimates. Earnings per share were $0.39. The reported EPS was above estimates by 14.71%. Analysts had estimated an EPS of $0.34.

In a different note, On Jan 20, 2017, Goldman Sachs said it Downgrades its rating on Cotiviti Holdings. The shares have been rated ‘Neutral’ by the firm.

Cotiviti Holdings (COTV) shares turned negative on Wednesdays trading session with the shares closing down -0.48 points or -1.30% at a volume of 2,15,760. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $37.2. The peak price level was also seen at $37.2 while the days lowest was $36.455. Finally the shares closed at $36.56. The 52-week high of the shares is $37.78 while the 52-week low is $17. According to the latest information available, the market cap of the company is $3,297 M.

Several Insider Transactions has been reported to the SEC. On Feb 17, 2017, Douglas Present (director) sold 15,000 shares at $36.24 per share price.Also, On Feb 9, 2017, Jonathan Olefson (SVP, Gen. Counsel, Secretary) sold 5,000 shares at $36.00 per share price.

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