Connecture, Inc. (CNXR) Announces Quarterly Earnings Results, Misses Estimates By $0.11 EPS
Connecture, Inc. (NASDAQ:CNXR) posted its quarterly earnings results on Monday. The technology company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.11, Briefing.com reports. The company had revenue of $18.30 million during the quarter, compared to analyst estimates of $17.16 million. During the same quarter last year, the firm posted ($0.47) EPS. Connecture’s revenue was down 2.2% compared to the same quarter last year.
Shares of Connecture (NASDAQ CNXR) traded down 7.35% during midday trading on Tuesday, hitting $0.63. The stock had a trading volume of 44,309 shares. The company’s market cap is $14.25 million. The company’s 50 day moving average is $0.73 and its 200 day moving average is $1.19. Connecture has a 52-week low of $0.48 and a 52-week high of $2.64.
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Separately, Zacks Investment Research upgraded Connecture from a “sell” rating to a “hold” rating and set a $1.00 price target on the stock in a research report on Monday, May 15th.
Connecture Company Profile
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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