Connecture, Inc. (NASDAQ:CNXR) announced its earnings results on Monday. The technology company reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by $0.11, Briefing.com reports. The company had revenue of $18.30 million during the quarter, compared to analyst estimates of $17.16 million. During the same quarter in the previous year, the firm earned ($0.47) EPS. Connecture’s revenue was down 2.2% compared to the same quarter last year.
Shares of Connecture (CNXR) traded down 7.35% during mid-day trading on Tuesday, reaching $0.63. The company had a trading volume of 44,309 shares. The firm’s market capitalization is $14.25 million. Connecture has a 12-month low of $0.48 and a 12-month high of $2.64. The stock has a 50 day moving average price of $0.73 and a 200 day moving average price of $1.19.
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 report on Monday, May 15th.
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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