Coveo Solutions (TSE:CVO) Stock Price Up 3.8% – Here’s What Happened

Coveo Solutions Inc. (TSE:CVO) shares rose 3.8% on Monday . The stock traded as high as C$4.54 and last traded at C$4.42. Approximately 240,368 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 238,478 shares. The stock had previously closed at C$4.26.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CVO shares. National Bank Financial cut their price objective on shares of Coveo Solutions from C$7.00 to C$5.50 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. TD reduced their target price on Coveo Solutions from C$9.50 to C$6.50 and set a “buy” rating for the company in a research note on Thursday, May 28th. Stifel Nicolaus decreased their target price on Coveo Solutions from C$11.00 to C$9.00 and set a “buy” rating for the company in a research report on Friday, May 29th. Finally, BMO Capital Markets dropped their price target on Coveo Solutions from C$10.00 to C$6.00 and set an “outperform” rating on the stock in a research note on Thursday, May 28th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$8.50.

Coveo Solutions Stock Performance

The company has a 50-day moving average of C$4.32 and a 200-day moving average of C$5.11. The company has a market cap of C$410.26 million, a PE ratio of -14.73, a PEG ratio of 0.09 and a beta of 1.57. The company has a quick ratio of 3.14, a current ratio of 1.42 and a debt-to-equity ratio of 16.57.

Coveo Solutions (TSE:CVO) last announced its earnings results on Wednesday, May 27th. The company reported C($0.03) EPS for the quarter. Coveo Solutions had a negative net margin of 19.27% and a negative return on equity of 26.89%. The firm had revenue of C$54.02 million during the quarter. As a group, analysts anticipate that Coveo Solutions Inc. will post -0.2144225 earnings per share for the current year.

About Coveo Solutions

Coveo brings superior AI-Relevance to every point-of-experience, transforming how enterprises connect with their customers and employees to maximize business outcomes. Relevance is about moving from persona to person, the degree to which the enterprise-wide content, products, recommendations, and advice presented to a person online aligns easily with their context, needs, preferences, behavior and intent, setting the competitive experience gold standard. Every person’s journey is unique, and only AI can solve the complexity of tailoring experiences across massive, diverse audiences and large volumes and variety of content and products.