Research Analysts Set Expectations for Pivotree Inc.’s Q1 2024 Earnings (CVE:PVT)

Pivotree Inc. (CVE:PVT) – Equities research analysts at National Bank Financial issued their Q1 2024 earnings per share estimates for shares of Pivotree in a report released on Wednesday, April 17th. National Bank Financial analyst J. Shao anticipates that the company will earn ($0.05) per share for the quarter. The consensus estimate for Pivotree’s current full-year earnings is $0.08 per share.

Other equities analysts have also issued reports about the company. Canaccord Genuity Group lowered Pivotree from a “speculative buy” rating to a “hold” rating and reduced their price objective for the company from C$3.25 to C$1.50 in a report on Thursday, March 28th. Cormark dropped their price target on Pivotree from C$5.00 to C$3.50 in a research note on Monday, April 1st. Finally, National Bankshares lowered their target price on Pivotree from C$3.50 to C$3.00 and set an “outperform” rating for the company in a research note on Thursday, March 28th.

Pivotree Stock Performance

Shares of Pivotree stock opened at C$1.45 on Friday. The company has a quick ratio of 1.95, a current ratio of 3.72 and a debt-to-equity ratio of 1.65. The company has a market cap of C$38.41 million, a PE ratio of -5.37 and a beta of 0.35. The business has a 50 day moving average price of C$1.59 and a 200-day moving average price of C$1.70. Pivotree has a 52 week low of C$1.19 and a 52 week high of C$3.21.

Pivotree Company Profile

Pivotree Inc designs, integrates, deploys, and manages digital platforms in commerce, data management, and supply chain for retail and branded manufacturers in Canada and internationally. It operates in two segments, Professional Services and Managed Services. The company offers a combination of application support and managed hosting with digital strategy and software implementation services.