Connecture Inc. (CNXR) Shares Up 4.5%
Connecture Inc. (NASDAQ:CNXR) shot up 4.5% on Monday . The company traded as high as $2.56 and last traded at $2.55, with a volume of 82,112 shares traded. The stock had previously closed at $2.44.
A number of research firms recently weighed in on CNXR. Zacks Investment Research lowered shares of Connecture from a “hold” rating to a “strong sell” rating in a report on Monday, August 1st. Wells Fargo & Co. reiterated a “buy” rating on shares of Connecture in a research note on Tuesday, May 10th.
The stock’s market capitalization is $56.37 million. The company’s 50 day moving average is $2.48 and its 200-day moving average is $2.34.
Connecture (NASDAQ:CNXR) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by $0.25. The business had revenue of $18.70 million for the quarter, compared to analyst estimates of $18.21 million. The business’s revenue for the quarter was down 19.9% on a year-over-year basis. Equities research analysts forecast that Connecture Inc. will post ($0.22) earnings per share for the current year.
In related news, CEO Jeff Surges bought 75,000 shares of the business’s stock in a transaction dated Monday, June 13th. The shares were purchased at an average price of $1.69 per share, with a total value of $126,750.00. Following the purchase, the chief executive officer now owns 618,549 shares of the company’s stock, valued at approximately $1,045,347.81. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David A. Jr/Ky Jones bought 57,696 shares of the business’s stock in a transaction dated Monday, June 13th. The shares were bought at an average cost 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.