Claritev (NYSE:CTEV – Get Free Report) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.
Several other equities research analysts have also recently commented on CTEV. Wells Fargo & Company upped their price target on Claritev from $22.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Piper Sandler reiterated an “overweight” rating and issued a $73.00 price objective on shares of Claritev in a research report on Wednesday. Canaccord Genuity Group boosted their price objective on shares of Claritev from $37.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Claritev in a research report on Wednesday, June 24th. Finally, Barclays started coverage on shares of Claritev in a research note on Friday, April 24th. They issued an “overweight” rating and a $28.00 target price for the company. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.83.
Check Out Our Latest Analysis on CTEV
Claritev Trading Down 8.8%
Insider Buying and Selling at Claritev
In related news, SVP William B. Mintz sold 8,431 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $34.24, for a total transaction of $288,677.44. Following the transaction, the senior vice president owned 71,195 shares of the company’s stock, valued at $2,437,716.80. This represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 7.40% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Claritev
Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming acquired a new position in shares of Claritev during the 4th quarter worth $25,000. Public Employees Retirement System of Ohio purchased a new stake in Claritev during the first quarter worth about $38,000. Ameritas Investment Partners Inc. purchased a new stake in Claritev during the third quarter worth about $42,000. Legal & General Group Plc acquired a new position in Claritev during the third quarter worth about $45,000. Finally, Los Angeles Capital Management LLC purchased a new position in Claritev in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 87.15% of the company’s stock.
Claritev Company Profile
Claritev is a healthcare technology, data and insights company focused on improving affordability, transparency and quality. Led by deeply experienced associates, data scientists, and innovators, Claritev provides tech-enabled solutions and services fueled by multiple data sources from over 40 years of claims repricing. Claritev utilizes world-class technology and AI solutions to power a robust enterprise platform that delivers meaningful insights to drive affordability in healthcare, brings price transparency and optimizes networks and benefits design.
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