Connecture Inc. (CNXR) Trading 3% Higher
Shares of Connecture Inc. (NASDAQ:CNXR) 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 recently issued reports on CNXR. Zacks Investment Research raised Connecture from a “sell” rating to a “hold” rating in a research report on Tuesday, April 19th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Connecture in a research report on Tuesday, May 10th.
The stock’s market cap is $55.93 million. The firm has a 50-day moving average price of $2.42 and a 200 day moving average price of $2.34.
Connecture (NASDAQ:CNXR) last posted its earnings results on Monday, May 9th. The company reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.14. The firm had revenue of $17.60 million for the quarter, compared to the consensus estimate of $20.70 million. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. Equities research analysts expect that Connecture Inc. will post ($0.22) EPS for the current year.
In other 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 stock was bought at an average cost of $1.27 per share, for a total transaction of $1,968,863.22. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Jr/Ky Jones bought 57,696 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were purchased at an average price 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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