Cvent Inc. (NYSE:CVT) shares saw unusually-high trading volume on Wednesday . Approximately 689,897 shares were traded during trading, a decline of 8% from the previous session’s volume of 747,774 shares.The stock last traded at $34.38 and had previously closed at $34.20.

CVT has been the subject of several analyst reports. Zacks Investment Research raised shares of Cvent from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Monday, July 11th. Stifel Nicolaus downgraded shares of Cvent from a “buy” rating to a “hold” rating in a report on Monday, April 18th. Needham & Company LLC downgraded shares of Cvent from a “buy” rating to a “hold” rating in a report on Tuesday, April 19th. JMP Securities downgraded shares of Cvent from an “outperform” rating to a “market perform” rating in a report on Monday, May 9th. Finally, William Blair downgraded shares of Cvent from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $35.25.

The firm’s market cap is $1.35 billion. The company has a 50 day moving average of $35.23 and a 200 day moving average of $29.11.

Cvent (NYSE:CVT) last issued its earnings results on Thursday, May 5th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.11. The firm earned $52.30 million during the quarter, compared to analyst estimates of $51.40 million. On average, equities analysts anticipate that Cvent Inc. will post ($0.01) EPS for the current year.

Several hedge funds and institutional investors have recently modified their holdings of CVT. US Bancorp DE raised its position in shares of Cvent by 116.9% in the fourth quarter. US Bancorp DE now owns 28,670 shares of the company’s stock worth $1,002,000 after buying an additional 15,452 shares during the last quarter. TD Asset Management Inc. raised its position in shares of Cvent by 21.0% in the fourth quarter. TD Asset Management Inc. now owns 28,810 shares of the company’s stock worth $1,006,000 after buying an additional 5,000 shares during the last quarter. Turner Investments L.P. raised its position in shares of Cvent by 100.0% in the fourth quarter. Turner Investments L.P. now owns 40,000 shares of the company’s stock worth $1,396,000 after buying an additional 20,000 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Cvent by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 43,358 shares of the company’s stock worth $1,514,000 after buying an additional 754 shares during the last quarter. Finally, Russell Frank Co raised its position in shares of Cvent by 1,397.7% in the fourth quarter. Russell Frank Co now owns 87,465 shares of the company’s stock worth $3,067,000 after buying an additional 81,625 shares during the last quarter.

Cvent, Inc is a cloud-based enterprise event management company. The Company provides solutions for both sides of the events and meetings value chain, such as event and meeting planners, through its Event Cloud, and hoteliers and venues, through its Hospitality Cloud. The Company offers planners a platform that addresses the entire lifecycle of events and meetings, including budgeting, planning, venue sourcing, marketing, management and measurement of meetings.

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