November 30, 2016 - By Nellie Frank · 0 Comments
The stock of Connecture Incorporated (NASDAQ:CNXR) registered a decrease of 1.52% in short interest. CNXR’s total short interest was 161,700 shares in November as published by FINRA. Its down 1.52% from 164,200 shares, reported previously. With 37,200 shares average volume, it will take short sellers 4 days to cover their CNXR’s short positions. The short interest to Connecture Incorporated’s float is 2.02%. The stock decreased 2.66% or $0.05 on November 29, hitting $1.83. Connecture Inc (NASDAQ:CNXR) has declined 28.52% since April 27, 2016 and is downtrending. It has underperformed by 33.74% the S&P500.
Connecture, Inc. provides a Web-based consumer shopping, enrollment and retention platform for health insurance distribution. The company has a market cap of $39.04 million. The Firm caters its services to health insurance marketplace operators, such as health plans, brokers and exchange operators. It currently has negative earnings. It operates through four divisions: Enterprise/Commercial, Enterprise/State, Medicare and Private Exchange.
Out of 3 analysts covering Connecture Inc (NASDAQ:CNXR), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Connecture Inc has been the topic of 4 analyst reports since November 17, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Tuesday, November 17 by JP Morgan. The stock of Connecture Inc (NASDAQ:CNXR) earned “Market Perform” rating by Raymond James on Tuesday, August 9. Morgan Stanley downgraded Connecture Inc (NASDAQ:CNXR) rating on Tuesday, August 9. Morgan Stanley has “Equal-Weight” rating and $2 price target.
Connecture, Inc., incorporated on July 30, 1999, provides a Web consumer shopping, enrollment and retention platform for health insurance distribution. The Firm caters its services to health insurance marketplace operators, such as health plans, brokers and exchange operators. The Firm operates through four divisions: Enterprise/Commercial, Enterprise/State, Medicare and Private Exchange. The Enterprise/Commercial segment offers the Company’s insurance distribution solutions to health plans. The Enterprise/State segment offers the Company’s sales automation solutions to state Governments, which allow its state Government clients to offer customized individual and small group exchanges. The Medicare segment offers Web Medicare plan comparison, prescription drug comparison and enrollment tools for health plans, pharmacy benefit managers, pharmacies, field marketing organizations and call centers. The Private Exchange segment offers defined-contribution benefit exchange solutions to benefit consultants, brokers, exchange operators and aggregators.
More notable recent Connecture Inc (NASDAQ:CNXR) news were published by: Jsonline.com which released: “Connecture Inc. buys Chicago benefits technology company” on June 07, 2016, also Jsonline.com with their article: “Investors pump $52 million into Connecture Inc.” published on March 16, 2016, Marketwatch.com published: “Connecture downgraded to market perform from strong buy at Raymond James” on December 12, 2014. More interesting news about Connecture Inc (NASDAQ:CNXR) were released by: Globenewswire.com and their article: “Connecture, Inc. Announces $52 Million Investment Led By Francisco Partners” published on March 14, 2016 as well as Prnewswire.com‘s news article titled: “Connecture, Inc. Investigated For Securities Fraud By Block & Leviton After …” with publication date: August 10, 2016.
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By Nellie Frank