Zacks Investment Research upgraded shares of Connecture Inc. (NASDAQ:CNXR) from a strong sell rating to a hold rating in a research report released on Monday morning.

According to Zacks, “Connecture, Inc. provides web-based consumer shopping, enrollment and retention platform for health insurance distribution. It operates primarily in the United States. Connecture, Inc. is based in Brookfield, United States. “

Several other equities analysts also recently weighed in on the company. Morgan Stanley downgraded Connecture from an overweight rating to an equal weight rating and lowered their target price for the company from $6.00 to $2.00 in a research report on Tuesday, August 9th. Raymond James Financial Inc. downgraded Connecture from a strong-buy rating to a market perform rating in a research report on Tuesday, August 9th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Connecture presently has a consensus rating of Hold and a consensus price target of $6.00.

Shares of Connecture (NASDAQ:CNXR) traded down 0.96% during trading on Monday, hitting $2.07. The stock had a trading volume of 7,953 shares. The company’s market cap is $46.25 million. The stock has a 50 day moving average of $1.77 and a 200 day moving average of $2.05. Connecture has a 12 month low of $1.15 and a 12 month high of $6.26.

Connecture (NASDAQ:CNXR) last released its earnings results on Monday, August 8th. The company reported ($0.47) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by $0.25. The company earned $18.70 million during the quarter, compared to the consensus estimate of $18.21 million. The company’s quarterly revenue was down 19.9% compared to the same quarter last year. Equities analysts forecast that Connecture will post ($0.56) EPS for the current fiscal year.

In related news, Director Ezra Perlman acquired 72,143 shares of Connecture stock in a transaction on Tuesday, September 13th. The shares were bought at an average cost of $1.65 per share, with a total value of $119,035.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 58.10% of the company’s stock.

A number of large investors have recently modified their holdings of CNXR. Spark Investment Management LLC boosted its stake in shares of Connecture by 9.1% in the first quarter. Spark Investment Management LLC now owns 49,100 shares of the company’s stock valued at $125,000 after buying an additional 4,100 shares during the last quarter. BBR Partners LLC bought a new stake in shares of Connecture during the second quarter valued at $130,000. Guggenheim Capital LLC boosted its stake in shares of Connecture by 104.5% in the second quarter. Guggenheim Capital LLC now owns 135,366 shares of the company’s stock valued at $306,000 after buying an additional 69,164 shares during the last quarter. Finally, Francisco Partners Management LP bought a new stake in shares of Connecture during the second quarter valued at $3,504,000. 45.21% of the stock is currently owned by institutional investors.

About Connecture

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.

5 Day Chart for NASDAQ:CNXR

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