Connecture Inc. (NASDAQ:CNXR) has earned a consensus rating of “Hold” from the five brokerages that are presently covering the firm. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $5.00.

CNXR has been the subject of a number of analyst reports. Morgan Stanley lowered Connecture from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $6.00 to $2.00 in a research report on Tuesday, August 9th. Zacks Investment Research upgraded Connecture from a “strong sell” rating to a “hold” rating and set a $2.25 price target for the company in a research report on Monday, October 10th. Finally, Raymond James Financial Inc. lowered Connecture from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, August 9th.

In other Connecture news, Director Ezra Perlman purchased 443,593 shares of Connecture stock in a transaction on Thursday, August 25th. The stock was bought at an average price of $1.65 per share, for a total transaction of $731,928.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 58.10% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Spark Investment Management LLC increased its stake in Connecture by 70.9% in the second quarter. Spark Investment Management LLC now owns 83,900 shares of the company’s stock worth $189,000 after buying an additional 34,800 shares in the last quarter. Keel Point LLC increased its stake in Connecture by 101.6% in the third quarter. Keel Point LLC now owns 75,600 shares of the company’s stock worth $142,000 after buying an additional 38,100 shares in the last quarter. Suntrust Banks Inc. increased its stake in Connecture by 202.4% in the third quarter. Suntrust Banks Inc. now owns 75,600 shares of the company’s stock worth $142,000 after buying an additional 50,600 shares in the last quarter. BBR Partners LLC purchased a new stake in Connecture during the second quarter worth approximately $130,000. Finally, Guggenheim Capital LLC increased its stake in Connecture by 104.5% in the second quarter. Guggenheim Capital LLC now owns 135,366 shares of the company’s stock worth $306,000 after buying an additional 69,164 shares in the last quarter. 43.66% of the stock is currently owned by institutional investors.

Shares of Connecture (NASDAQ:CNXR) opened at 1.90 on Friday. The firm’s market cap is $42.45 million. Connecture has a 1-year low of $1.15 and a 1-year high of $4.60. The company’s 50 day moving average price is $1.91 and its 200-day moving average price is $1.95.

Connecture (NASDAQ:CNXR) last released its quarterly earnings data on Monday, November 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.06. The company earned $24.70 million during the quarter, compared to analyst estimates of $20.31 million. During the same period in the prior year, the company earned ($0.11) EPS. Connecture’s revenue for the quarter was up 8.8% on a year-over-year basis. Equities analysts expect that Connecture will post ($0.56) EPS for the current fiscal year.

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.

5 Day Chart for NASDAQ:CNXR

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