Connecture Inc. (NASDAQ:CNXR) shares fell 4.6% during trading on Tuesday . The company traded as low as $2.26 and last traded at $2.27, with a volume of 80,080 shares trading hands. The stock had previously closed at $2.38.

A number of research firms have commented on CNXR. Wells Fargo & Co. restated a “buy” rating on shares of Connecture in a research note on Tuesday, May 10th. Zacks Investment Research upgraded shares of Connecture from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th.

The stock’s market cap is $50.16 million. The stock has a 50-day moving average price of $2.17 and a 200 day moving average price of $2.38.

Connecture (NASDAQ:CNXR) last posted 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 had revenue of $17.60 million for the quarter, compared to analysts’ expectations of $20.70 million. The business’s quarterly revenue was down 14.6% compared to the same quarter last year. Equities research analysts predict that Connecture Inc. will post ($0.22) EPS for the current year.

In related news, major shareholder Francisco Partners Gp Iv Manag acquired 1,550,286 shares of Connecture stock in a transaction on Monday, June 13th. The shares were purchased at an average cost of $1.27 per share, for a total transaction of $1,968,863.22. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jeff Surges acquired 75,000 shares of Connecture stock in a transaction on Monday, June 13th. The shares were bought at an average price of $1.69 per share, for a total transaction of $126,750.00. Following the completion of the purchase, the chief executive officer now directly owns 618,549 shares in the company, valued at $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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