Connecture Inc. (NASDAQ:CNXR) shares fell 2.5% on Tuesday . The company traded as low as $2.25 and last traded at $2.32, with a volume of 62,083 shares traded. The stock had previously closed at $2.38.

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

The company has a 50 day moving average price of $2.32 and a 200 day moving average price of $2.34. The company’s market cap is $50.60 million.

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

In other news, Director David A. Jr/Ky Jones bought 57,696 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was acquired at an average cost of $1.64 per share, with a total value of $94,621.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeff Surges bought 75,000 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was purchased at an average cost of $1.69 per share, with a total value of $126,750.00. Following the completion of the transaction, the chief executive officer now directly owns 618,549 shares of the company’s stock, 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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