Connecture Inc. (CNXR) Trading 2.7% Higher
Connecture Inc. (NASDAQ:CNXR) shares traded up 2.7% on Thursday . The company traded as high as $2.35 and last traded at $2.32, with a volume of 50,927 shares changing hands. The stock had previously closed at $2.26.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of 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 report on Tuesday, May 10th.
The stock has a 50 day moving average price of $2.26 and a 200-day moving average price of $2.37. The company’s market capitalization is $51.93 million.
Connecture (NASDAQ:CNXR) last issued its quarterly earnings data on Monday, May 9th. The company reported ($0.33) earnings per share (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 analyst estimates of $20.70 million. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. Analysts forecast that Connecture Inc. will post ($0.22) EPS for the current fiscal year.
In other Connecture news, Director David A. Jr/Ky Jones bought 57,696 shares of Connecture stock in a transaction dated Monday, June 13th. The shares were purchased at an average cost of $1.64 per share, with a total value of $94,621.44. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Francisco Partners Gp Iv Manag bought 1,550,286 shares of Connecture stock in a transaction dated Monday, June 13th. The stock was acquired at an average cost 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.