Conversant Receives Consensus Rating of “Hold” from Brokerages (NASDAQ:CNVR)
Conversant (NASDAQ:CNVR) has earned a consensus rating of “Hold” from the eighteen ratings firms that are covering the company, Stock Ratings Network.com reports. Four research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $24.57.
A number of analysts have recently weighed in on CNVR shares. Analysts at B. Riley raised their price target on shares of Conversant from $27.00 to $29.00 in a research note on Thursday. Separately, analysts at Craig Hallum upgraded shares of Conversant from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, analysts at Ned Davis Research upgraded shares of Conversant from a “neutral” rating to a “buy” rating in a research note on Monday, December 30th.
Conversant (NASDAQ:CNVR) opened at 25.055 on Thursday. Conversant has a 52 week low of $18.62 and a 52 week high of $32.25. The stock has a 50-day moving average of $22.50 and a 200-day moving average of $21.47. The company has a market cap of $1.673 billion and a P/E ratio of 20.83.
Conversant (NASDAQ:CNVR) last announced its earnings results on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.10. The company had revenue of $176.40 million for the quarter, compared to the consensus estimate of $168.68 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts predict that Conversant will post $1.48 earnings per share for the current fiscal year.
Conversant Inc, formerly ValueClick, Inc, is a digital marketing services company. The Company offers a suite of products and services that enable marketers to engage with their potential customers online and through mobile devices to spread brand awareness and generate leads and sales.
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