Connecture Inc (CNXR) Releases Earnings Results, Misses Expectations By $-0.14 EPS

Connecture Inc (CNXR) reported quarterly earnings results on Monday, May-9-2016. The company reported $-0.33 earnings per share for the quarter, missing the analyst consensus estimate by $-0.14. Analysts had a consensus of $-0.19. The company posted revenue of $17.60 million in the period, compared to analysts expectations of $20.70 million. The company’s revenue was down -14.6% compared to the same quarter last year.

Many Wall Street Analysts have commented on Connecture Inc. First Analysis Sec Initiated Connecture Inc on Feb 17, 2016 to “Equal-Weight”, Price Target of the shares are set at $8.

Connecture Inc closed down -0.06 points or -2.76% at $2.11 with 1,09,070 shares getting traded on Friday. Post opening the session at $2.22, the shares hit an intraday low of $2.02 and an intraday high of $2.3282 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 3, 2015, Robert Douglas Schneider (CEO) purchased 6,500 shares at $7.13 per share price.

Connecture Inc. provides a Web-based consumer shopping enrollment and retention platform for health insurance distribution. The Company operates through four segments: 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 customers to offer customized individual and small group exchanges. The Medicare segment offers Web-based 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.

Connecture Inc

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