Connecture, Inc. (NASDAQ:CNXR) Releases Earnings Results, Misses Expectations By $0.11 EPS
Connecture, Inc. (NASDAQ:CNXR) issued its quarterly earnings data on Monday. The technology company reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.11, Briefing.com reports. The firm had revenue of $18.30 million for the quarter, compared to analyst estimates of $17.16 million. During the same period last year, the firm earned ($0.47) EPS. The company’s revenue was down 2.2% compared to the same quarter last year.
Shares of Connecture (NASDAQ CNXR) traded down 7.35% during mid-day trading on Tuesday, hitting $0.63. 43,409 shares of the stock were exchanged. Connecture has a 12-month low of $0.48 and a 12-month high of $2.64. The firm has a 50-day moving average price of $0.73 and a 200 day moving average price of $1.19. The company’s market capitalization is $14.25 million.
Separately, Zacks Investment Research upgraded shares of Connecture from a “sell” rating to a “hold” rating and set a $1.00 price objective for the company in a research note on Monday, May 15th.
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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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