Connecture Inc. (CNXR) Sees Unusually-High Trading Volume
Connecture Inc. (NASDAQ:CNXR) saw unusually-high trading volume on Monday . Approximately 125,587 shares changed hands during mid-day trading, an increase of 48% from the previous session’s volume of 84,833 shares.The stock last traded at $2.44 and had previously closed at $2.52.
CNXR has been the topic of several recent analyst reports. Zacks Investment Research raised Connecture from a “sell” rating to a “hold” rating in a report on Tuesday, April 19th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Connecture in a report on Tuesday, May 10th.
The firm’s market cap is $53.93 million. The firm’s 50 day moving average is $2.44 and its 200-day moving average is $2.33.
Connecture (NASDAQ:CNXR) last issued its quarterly earnings data on Monday, May 9th. The company reported ($0.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by $0.14. The company earned $17.60 million during the quarter, compared to the consensus estimate of $20.70 million. Connecture’s revenue for the quarter was down 14.6% on a year-over-year basis. Equities analysts forecast that Connecture Inc. will post ($0.22) earnings per share for the current year.
In other news, Director David A. Jr/Ky Jones acquired 57,696 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The stock was bought at an average price of $1.64 per share, with a total value of $94,621.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Francisco Partners Gp Iv Manag acquired 1,550,286 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The stock was purchased at an average cost of $1.27 per share, with a total value of $1,968,863.22. 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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