Connecture, Inc. (NASDAQ:CNXR) issued 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 firm had revenue of $18.30 million during the quarter, compared to analyst estimates of $17.16 million. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.47) earnings per share.
Shares of Connecture (NASDAQ:CNXR) traded down 8.088% during mid-day trading on Tuesday, hitting $0.625. The stock had a trading volume of 45,609 shares. The stock’s market capitalization is $14.14 million. Connecture has a 12-month low of $0.48 and a 12-month high of $2.64. The stock’s 50-day moving average price is $0.73 and its 200-day moving average price is $1.19.
Separately, Zacks Investment Research raised Connecture from a “sell” rating to a “hold” rating and set a $1.00 target price for the company in a research 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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