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

CNXR has been the subject of a number of recent research reports. Wells Fargo & Co. restated a “buy” rating on shares of Connecture in a research note on Tuesday, May 10th. Zacks Investment Research upgraded Connecture from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th.

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

Connecture (NASDAQ:CNXR) last announced its quarterly earnings data 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 business earned $17.60 million during the quarter, compared to the consensus estimate of $20.70 million. The firm’s quarterly revenue was down 14.6% on a year-over-year basis. Equities research analysts expect that Connecture Inc. will post ($0.22) earnings per share for the current fiscal year.

In related news, Director David A. Jr/Ky Jones bought 57,696 shares of the company’s stock in a transaction dated 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 filing with the SEC, which is available at this link. Also, CEO Jeff Surges bought 75,000 shares of the company’s stock in a transaction dated Monday, June 13th. The stock was bought at an average cost of $1.69 per share, with a total value of $126,750.00. Following the completion of the acquisition, the chief executive officer now owns 618,549 shares in the company, valued at approximately $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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