Zacks Investment Research Lowers Connecture, Inc. (CNXR) to Sell

Connecture, Inc. (NASDAQ:CNXR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

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. “

Shares of Connecture (NASDAQ CNXR) traded up 4.62% during midday trading on Monday, reaching $0.68. The company’s stock had a trading volume of 90,892 shares. The stock’s 50 day moving average price is $0.69 and its 200 day moving average price is $0.78. Connecture has a one year low of $0.48 and a one year high of $2.44. The firm’s market cap is $15.56 million.

Connecture (NASDAQ:CNXR) last released its earnings results on Monday, August 7th. The technology company reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.11). The business had revenue of $18.30 million for the quarter, compared to analyst estimates of $17.16 million. During the same quarter last year, the business earned ($0.47) earnings per share. Connecture’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts predict that Connecture will post ($0.76) earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Zacks Investment Research Lowers Connecture, Inc. (CNXR) to Sell” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://ledgergazette.com/2017/10/09/zacks-investment-research-lowers-connecture-inc-cnxr-to-sell.html.

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: Ent

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. “

Shares of Connecture (NASDAQ CNXR) traded up 4.62% during midday trading on Monday, reaching $0.68. The company’s stock had a trading volume of 90,892 shares. The stock’s 50 day moving average price is $0.69 and its 200 day moving average price is $0.78. Connecture has a one year low of $0.48 and a one year high of $2.44. The firm’s market cap is $15.56 million.

Connecture (NASDAQ:CNXR) last released its earnings results on Monday, August 7th. The technology company reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.11). The business had revenue of $18.30 million for the quarter, compared to analyst estimates of $17.16 million. During the same quarter last year, the business earned ($0.47) earnings per share. Connecture’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts predict that Connecture will post ($0.76) earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Zacks Investment Research Lowers Connecture, Inc. (CNXR) to Sell” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://ledgergazette.com/2017/10/09/zacks-investment-research-lowers-connecture-inc-cnxr-to-sell.html.

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.

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