Coveo Solutions Inc. (TSE:CVO – Get Free Report) shares fell 2.1% during trading on Wednesday . The company traded as low as C$9.19 and last traded at C$9.19. 36,570 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 97,843 shares. The stock had previously closed at C$9.39.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on CVO. Eight Capital increased their price target on Coveo Solutions from C$13.50 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Stifel Nicolaus upped their price objective on Coveo Solutions from C$14.00 to C$15.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Scotiabank upped their price objective on Coveo Solutions from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. TD Securities upped their price objective on Coveo Solutions from C$13.50 to C$15.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Finally, Royal Bank of Canada upped their price objective on Coveo Solutions from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Coveo Solutions currently has a consensus rating of “Buy” and a consensus price target of C$13.75.
Read Our Latest Analysis on Coveo Solutions
Coveo Solutions Trading Down 2.1 %
Coveo Solutions (TSE:CVO – Get Free Report) last posted its earnings results on Monday, February 5th. The company reported C($0.08) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.04). The business had revenue of C$43.24 million during the quarter, compared to analyst estimates of C$43.26 million. Coveo Solutions had a negative net margin of 21.85% and a negative return on equity of 13.31%. As a group, equities analysts predict that Coveo Solutions Inc. will post -0.2144225 EPS for the current fiscal year.
Coveo Solutions Company Profile
Coveo Solutions Inc provides AI platforms that enable individualized, connected, and trusted digital experiences. The Relevance Cloud platform, an AI solution that integrates AI search, recommendations, GenAI answering, AI models, and analytics across various digital domains; and is designed for scale, security, and compliance and integrates into enterprise ecosystems as a cloud-native SaaS, multi-tenant, API-first, and headless platform.
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