Connecture Inc. (CNXR) Shares Up 3%
Connecture Inc. (NASDAQ:CNXR) shares shot up 3% during mid-day trading on Thursday . The company traded as high as $2.47 and last traded at $2.38, with a volume of 59,219 shares trading hands. The stock had previously closed at $2.31.
A number of research firms have issued reports on CNXR. Zacks Investment Research upgraded shares of Connecture from a “sell” rating to a “hold” rating in a research report on Tuesday, April 19th. Wells Fargo & Co. restated a “buy” rating on shares of Connecture in a research report on Tuesday, May 10th.
The stock’s market cap is $52.38 million. The firm’s 50 day moving average price is $2.38 and its 200 day moving average price is $2.34.
Connecture (NASDAQ:CNXR) last posted 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. Connecture’s quarterly revenue was down 14.6% on a year-over-year basis. Analysts predict that Connecture Inc. will post ($0.22) earnings per share for the current fiscal year.
In related news, CEO Jeff Surges purchased 75,000 shares of the company’s stock in a transaction that occurred on Monday, June 13th. The stock was acquired at an average price of $1.69 per share, with a total value of $126,750.00. Following the completion of the purchase, the chief executive officer now directly owns 618,549 shares in the company, valued at $1,045,347.81. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Jr/Ky Jones purchased 57,696 shares of the company’s stock in a transaction that occurred on Monday, June 13th. The stock was bought at an average cost of $1.64 per share, with a total value of $94,621.44. 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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