Ontrak, Inc. (OTRK) has disclosed a new risk, in the Litigation & Legal Liabilities category.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Ontrak, Inc. is currently grappling with legal challenges that underscore significant business risks. The company faces a class action lawsuit alleging violations of federal securities laws, which questions the veracity of its past statements about customer base growth. Additionally, a major shareholder has flagged potential claims related to corporate governance and use of certain funds. These legal disputes, merited or not, threaten to impose substantial financial burdens, distract management, and could materially impact Ontrak’s operations and financial health.
Overall, Wall Street has a Moderate Buy consensus rating on OTRK stock based on 1 Buy.
To learn more about Ontrak, Inc.’s risk factors, click here.