Ontrak's share price dropped substantially after announcing the upcoming loss of Aetna as its customer. However, it's not a one-trick pony, and has multiple avenues for growth. Plus, the new CEO from CVS Health could help reengage Aetna.
Is OTRK worth the cost?
Mar 02, 2021 · Because of the loss of Ontrak-A, Ontrak slashed its revenue guidance for 2021 from $165 million to $100 million, showing that Ontrak-A was responsible for more than a third of the company's...
How can I get the latest news about OTRK?
Aug 21, 2021 · Ontrak has been unusually volatile during the pandemic, when the stock jumped to nearly $100 a share earlier this year as some investors imagined it as another Teladoc. The stock plunged soon...
When will OnTrak report Q3 earnings?
Mar 01, 2021 · Because of the loss of Ontrak-A, Ontrak slashed its revenue guidance for 2021 from $165 million to $100 million, showing that Ontrak-A was responsible for more than a third of the company's...
Should OnTrak investors know the most powerful shareholder groups?
Aug 19, 2021 · Ontrak (OTRK) Crashed 44%. Is this Dip a Buying Opportunity? 8/19/2021 KEY POINTS The market ended the day mixed as investors stalled over a positive jobless claims report and bleak economic forecasts. Macy’s (M) proves it is hitting reopening hard with a great earnings report. Ontrak (OTRK) stock drops 44% in a day after losing a big contract.
Why did Aetna drop OTRK?
Is OTRK stock a buy?
The 4 analysts offering 12-month price forecasts for Ontrak Inc have a median target of 3.00, with a high estimate of 9.00 and a low estimate of 2.00. The median estimate represents a +125.56% increase from the last price of 1.33.
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What happen to Ontrak?
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Why ontrak stock is down?
What happened to catasys?
Analysts weighed in after the telehealth company lost its biggest customer
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What happened
Shares of Ontrak ( NASDAQ:OTRK) tumbled this morning, continuing yesterday's slide after the company said it lost yet another large customer.
So what
In a filing yesterday, Ontrak said it was notified by a large customer, believed to be Cigna, that it would be ending its contract early due to what Ontrak believed to be a change in its corporate strategy. The contract was for three years and $90 million, and Ontrak had so far billed $42 million.
Now what
Ontrak has been unusually volatile during the pandemic, when the stock jumped to nearly $100 a share earlier this year as some investors imagined it as another Teladoc. The stock plunged soon after, when it was forced to slash its revenue guidance after it lost another major customer. It now trades for less than $12 a share.
What happened
Shares of Ontrak (NASDAQ: OTRK) were sinking today after the telehealth company said in its fourth-quarter earnings pre-release that it was going to lose its biggest customer later this year.
So what
Ontrak, which is focused on chronic-disease management, reported solid results in Q4 with revenue growth of 149% to $29.3 million -- in line with estimates -- while its per-share loss narrowed from $0.39 to $0.07, beating the analyst consensus at $0.30.
Now what
Because of the loss of Ontrak-A, Ontrak slashed its revenue guidance for 2021 from $165 million to $100 million, showing that Ontrak-A was responsible for more than a third of the company's business.
KEY POINTS
The market ended the day mixed as investors stalled over a positive jobless claims report and bleak economic forecasts.
OVERALL MARKET
The market ended the day mixed as investors stalled over a positive jobless claims report and bleak economic forecasts.
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WHAT'S UP?
Macy’s (M) is one company that is leading reopening efforts in the retail industry. I found the stock sitting pretty high up the winner’s list on Stock Card today. It looks like the company released its earnings report for this past quarter, and the results were received quite well by its investors.
WHAT'S DOWN?
Folks, what caught my eye today was the drastic Ontrak's (OTRK) price drop. It was third on the loser list on Stock Card with a whopping 44% drop! I own the stock, and I was surprised to see the decline. Let's see what happened and what we should do if we are shareholders.
FEATURED PARTNER PORTFOLIO
Folks, I have one last thing for you before you go. As you know, at Stock Card, we love partnering with a diverse group of investors who do diligent research with various strategies. Our latest partner, Leo Rodriguez, who runs the Finance Turned Easy channel, is a quality content creator.
What is Ontrak's mission?
Ontrak is a fast-growing AI and telehealth-enabled company that aims to improve member outcomes, resulting in long-term cost savings for healthcare payers. It saw a massive drop in its share price after announcing the upcoming loss of the Aetna contract.
What is Ontrak telehealth?
Ontrak, formerly known as Catasys, is a leading AI and telehealth-enabled, virtualized healthcare company. Its PRE (predict-recommend-engage) platform predicts when people with chronic disease will improve with behavior change, recommends effective care pathways, and engages people who are not getting the care they need.
Ontrak Media Sentiment
Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.
Media Coverage
We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week.
Ontrak (NASDAQ OTRK) News Headlines Today
Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm.
Is shorting a stock a risk?
Shorting stocks can bring an investor serious profits – but there’s commensurate risk, as well. Basically, the short trader is betting that a stock will fall in price; it’s the opposite of most stock trading, in which the investor wants the shares to gain. Gaining, of course, is the risk in a short trade.
What is the Ontrak program?
Ontrak, Inc (NASDAQ: OTRK) ("Ontrak" or the "Company"), a leading AI-powered and telehealth-enabled, virtualized healthcare company, today announced that its new study, "Treatment Effect of the Ontrak Program," finds that the Ontrak program produces a statistically significant reduction in hospitalizations and inpatient stays, while increasing utilization of preventative behavioral healthcare office visits among individuals who have untreated behavioral health needs and medical comorbidities. The cost savings for members who completed the 12-month program were notable at $486 per member per month and statistically significant at (p<0.001).
Is Ontrak a telehealth company?
Ontrak, Inc (NASDAQ: OTRK) ("Ontrak" or the "Company"), a leading AI-powered and telehealth-enabled, virtualized healthcare company, today announced a new Master Services Agreement with Sentara Healthcare for the expansion of its Ontrak program for Optima Health members. This expansion ensures that all eligible Medicare and Medicaid members of the health plan will have access to critical behavioral healthcare.
Is the Shareholders Foundation a law firm?
The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
