Connecture Inc. (CNXR) Shares Up 2.7%
Connecture Inc. (NASDAQ:CNXR) shot up 2.7% during trading on Thursday . The company traded as high as $2.35 and last traded at $2.32, with a volume of 50,927 shares trading hands. The stock had previously closed at $2.26.
A number of research firms have recently commented on CNXR. Zacks Investment Research upgraded Connecture from a “sell” rating to a “hold” rating in a research report on Tuesday, April 19th. Wells Fargo & Co. restated a “buy” rating on shares of Connecture in a research report on Tuesday, May 10th.
The firm’s 50-day moving average price is $2.23 and its 200 day moving average price is $2.38. The company’s market cap is $51.71 million.
Connecture (NASDAQ:CNXR) last issued its quarterly 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 firm had revenue of $17.60 million for the quarter, compared to analyst estimates of $20.70 million. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. On average, equities research analysts anticipate that Connecture Inc. will post ($0.22) earnings per share for the current fiscal year.
In other news, CEO Jeff Surges purchased 75,000 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were acquired at an average cost 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 approximately $1,045,347.81. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Francisco Partners Gp Iv Manag purchased 1,550,286 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were purchased at an average price of $1.27 per share, for a total transaction 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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