Connecture, Inc. (CNXR) Rating Lowered to Sell at Zacks Investment Research

Connecture, Inc. (NASDAQ:CNXR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.

According to Zacks, “Connecture, Inc. provides web-based consumer shopping, enrollment and retention platform for health insurance distribution. It operates primarily in the United States. Connecture, Inc. is based in Brookfield, United States. “

Connecture (NASDAQ:CNXR) opened at 0.67 on Monday. Connecture has a 1-year low of $0.48 and a 1-year high of $2.44. The firm has a 50-day moving average price of $0.69 and a 200-day moving average price of $0.78. The firm’s market cap is $15.33 million.

Connecture (NASDAQ:CNXR) last posted its quarterly earnings data on Monday, August 7th. The technology company reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.11). The business had revenue of $18.30 million during the quarter, compared to analysts’ expectations of $17.16 million. During the same quarter in the previous year, the business posted ($0.47) EPS. Connecture’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, analysts expect that Connecture will post ($0.76) earnings per share for the current fiscal year.

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About Connecture

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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