Somewhat Favorable News Coverage Somewhat Unlikely to Affect Connecture (CNXR) Share Price
News headlines about Connecture (NASDAQ:CNXR) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Connecture earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 47.9685390315424 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Separately, Zacks Investment Research upgraded Connecture from a “sell” rating to a “hold” rating and set a $1.00 target price on the stock in a research note on Monday, May 15th.
Shares of Connecture (NASDAQ:CNXR) traded up 4.48% during midday trading on Friday, hitting $0.70. The stock had a trading volume of 93,490 shares. Connecture has a 52 week low of $0.48 and a 52 week high of $2.44. The firm’s market cap is $16.01 million. The company’s 50 day moving average is $0.71 and its 200 day moving average is $1.00.
Connecture (NASDAQ:CNXR) last announced its quarterly earnings data on Monday, August 7th. The technology company reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.11. The business had revenue of $18.30 million during the quarter, compared to analysts’ expectations of $17.16 million. During the same period in the previous year, the business earned ($0.47) earnings per share. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities analysts predict that Connecture will post ($0.76) earnings per share for the current fiscal year.
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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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