Cvent Inc. (NYSE:CVT)’s share price fell 2.2% during trading on Thursday . The company traded as low as $33.25 and last traded at $33.30, with a volume of 671,311 shares. The stock had previously closed at $34.04.

A number of research firms have commented on CVT. Zacks Investment Research upgraded Cvent from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Monday, July 11th. Needham & Company LLC lowered Cvent from a “buy” rating to a “hold” rating in a research note on Tuesday, April 19th. William Blair assumed coverage on Cvent in a research note on Friday, April 8th. They issued an “outperform” rating on the stock. Stifel Nicolaus lowered Cvent from a “buy” rating to a “hold” rating in a research note on Monday, April 18th. Finally, JMP Securities lowered Cvent from an “outperform” rating to a “market perform” rating in a research note on Monday, May 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $35.25.

The firm’s market capitalization is $1.37 billion. The firm has a 50-day moving average of $35.14 and a 200-day moving average of $29.10.

Cvent (NYSE:CVT) last announced its earnings results on Thursday, May 5th. The company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.11. The business had revenue of $52.30 million for the quarter, compared to the consensus estimate of $51.40 million. On average, equities research analysts predict that Cvent Inc. will post ($0.01) earnings per share for the current year.

Other large investors have recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of Cvent by 116.9% in the fourth quarter. US Bancorp DE now owns 28,670 shares of the company’s stock valued at $1,002,000 after buying an additional 15,452 shares during the period. Turner Investments L.P. increased its stake 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 valued at $1,396,000 after buying an additional 20,000 shares during the period. TD Asset Management Inc. increased its stake 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 valued at $1,006,000 after buying an additional 5,000 shares during the period. California State Teachers Retirement System increased its stake 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 valued at $1,514,000 after buying an additional 754 shares during the period. Finally, Russell Frank Co increased its stake 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 valued at $3,067,000 after buying an additional 81,625 shares during the period.

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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