Connecture Inc. (NASDAQ:CNXR) fell 4.3% during mid-day trading on Friday . The stock traded as low as $2.42 and last traded at $2.44, with a volume of 126,353 shares. The stock had previously closed at $2.55.

Several research firms have issued reports on CNXR. Zacks Investment Research cut shares of Connecture from a “hold” rating to a “strong sell” rating in a research note on Monday. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Connecture in a research note on Tuesday, May 10th.

The stock has a 50 day moving average of $2.47 and a 200-day moving average of $2.34. The stock’s market cap is $54.15 million.

Connecture (NASDAQ:CNXR) last posted its earnings results on Monday, May 9th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by $0.14. The business earned $17.60 million during the quarter, compared to the consensus estimate of $20.70 million. The company’s revenue 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 fiscal year.

In related news, 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 shares were acquired at an average cost of $1.27 per share, for a total transaction of $1,968,863.22. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 shares were bought at an average price of $1.64 per share, for a total transaction 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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