Ontrak Inc. (OTRK, Financial) reported a decrease in fourth-quarter revenue, bringing in $3.1 million compared to the $3.5 million recorded in the same period last year. Despite the drop in revenue, the company is making significant strides in its WholeHealth+ program.
At the end of the fourth quarter of 2024, Ontrak's WholeHealth+ program had 1,409 enrolled members. This reflects a decrease from 1,953 members at the close of the third quarter 2024 and 1,758 members at the same time last year. However, the Ontrak Engage solution, introduced on a standalone basis in the second quarter of 2024, saw membership rise to 716 at the end of the fourth quarter from 112 in the preceding quarter.
CEO Brandon LaVerne highlighted the company's accomplishments in attracting new clients, enhancing existing partnerships, and expanding its business pipeline. He noted the successful launch of their WholeHealth+ solution with Intermountain Health and positive engagement with the Northeast Regional Plan. Furthermore, LaVerne pointed out a promising opportunity with a large Midwest plan that could significantly boost the company's revenue run-rate.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Ontrak Inc (OTRK, Financial) is $4.00 with a high estimate of $4.00 and a low estimate of $4.00. The average target implies an upside of 140.96% from the current price of $1.66. More detailed estimate data can be found on the Ontrak Inc (OTRK) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Ontrak Inc's (OTRK, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Ontrak Inc (OTRK, Financial) in one year is $1.46, suggesting a downside of 12.05% from the current price of $1.66. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Ontrak Inc (OTRK) Summary page.
