Shares of Connecture Inc. (NASDAQ:CNXR) were down 3.1% during mid-day trading on Monday . The company traded as low as $2.42 and last traded at $2.48, with a volume of 62,553 shares changing hands. The stock had previously closed at $2.56.

A number of analysts have recently issued reports on CNXR shares. Wells Fargo & Co. reiterated a “buy” rating on shares of Connecture in a research note on Tuesday, May 10th. Zacks Investment Research upgraded shares of Connecture from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th.

The company’s market capitalization is $55.26 million. The stock has a 50 day moving average price of $1.99 and a 200 day moving average price of $2.44.

Connecture (NASDAQ:CNXR) last issued its earnings results on Monday, May 9th. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by $0.14. The firm earned $17.60 million during the quarter, compared to the consensus estimate of $20.70 million. The business’s quarterly revenue was down 14.6% on a year-over-year basis. Equities research analysts expect that Connecture Inc. will post ($0.22) EPS for the current year.

In other Connecture news, major shareholder Francisco Partners Gp Iv Manag bought 1,550,286 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were bought at an average price of $1.27 per share, for a total transaction of $1,968,863.22. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeff Surges bought 75,000 shares of the company’s stock in a transaction dated Monday, June 13th. The stock was acquired at an average price of $1.69 per share, for a total transaction of $126,750.00. Following the acquisition, the chief executive officer now directly owns 618,549 shares in the company, valued at $1,045,347.81. The disclosure for this purchase can be found here.

Connecture, Inc provides a Web-based consumer shopping, enrollment and retention platform for health insurance distribution. The Company caters its services to health insurance marketplace operators, such as health plans, brokers and exchange operators. It operates through four segments: Enterprise/Commercial, Enterprise/State, Medicare and Private Exchange.

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