Cvent Inc. (CVT) Receives $43.00 Consensus Target Price from Analysts
Cvent Inc. (NYSE:CVT) has been assigned an average recommendation of “Buy” from the six analysts that are covering the stock. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $39.00.
Separately, Zacks Investment Research raised shares of Cvent from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a report on Monday, November 14th.
Large investors have recently added to or reduced their stakes in the stock. Omni Partners LLP bought a new position in Cvent during the second quarter worth approximately $200,000. CNH Partners LLC bought a new position in Cvent during the second quarter worth approximately $51,877,000. Alpine Associates Management Inc. bought a new position in Cvent during the second quarter worth approximately $47,482,000. BlackRock Fund Advisors raised its position in Cvent by 7.0% in the third quarter. BlackRock Fund Advisors now owns 770,908 shares of the company’s stock worth $24,445,000 after buying an additional 50,388 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in Cvent by 5.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 676,158 shares of the company’s stock worth $21,441,000 after buying an additional 33,983 shares in the last quarter. 58.23% of the stock is currently owned by institutional investors.
Shares of Cvent (NYSE:CVT) opened at 35.97 on Monday. The company has a 50-day moving average price of $31.18 and a 200-day moving average price of $33.22. The stock’s market cap is $1.53 billion. Cvent has a 1-year low of $17.85 and a 1-year high of $37.25.
Cvent Company Profile
Cvent, Inc is a cloud-based enterprise event management company. The Company provides solutions for both sides of the events and meetings value chain, such as event and meeting planners, through its Event Cloud, and hoteliers and venues, through its Hospitality Cloud. The Company offers planners a platform that addresses the entire lifecycle of events and meetings, including budgeting, planning, venue sourcing, marketing, management and measurement of meetings.
Receive News & Stock Ratings for Cvent Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cvent Inc. and related stocks with our FREE daily email newsletter.