Coveo Solutions Inc. (TSE:CVO – Get Free Report) shares traded down 2.1% on Wednesday . The company traded as low as C$9.19 and last traded at C$9.19. 36,570 shares were traded during mid-day trading, a decline of 63% from the average session volume of 97,843 shares. The stock had previously closed at C$9.39.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the company. TD Securities lifted their price target on Coveo Solutions from C$13.50 to C$15.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Scotiabank lifted their price target on Coveo Solutions from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Eight Capital lifted their price target on Coveo Solutions from C$13.50 to C$16.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Royal Bank of Canada lifted their price target on Coveo Solutions from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Finally, Stifel Nicolaus lifted their price target on Coveo Solutions from C$14.00 to C$15.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$13.75.
Check Out Our Latest Report on Coveo Solutions
Coveo Solutions Trading Down 2.6 %
Coveo Solutions (TSE:CVO – Get Free Report) last announced its quarterly earnings results on Monday, February 5th. The company reported C($0.08) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.04). The firm had revenue of C$43.24 million during the quarter, compared to the consensus estimate of C$43.26 million. Coveo Solutions had a negative net margin of 21.85% and a negative return on equity of 13.31%. Sell-side analysts forecast that Coveo Solutions Inc. will post -0.2144225 EPS for the current year.
About Coveo Solutions
Coveo Solutions Inc provides AI platforms that enable individualized, connected, and trusted digital experiences. The Relevance Cloud platform, an AI solution that integrates AI search, recommendations, GenAI answering, AI models, and analytics across various digital domains; and is designed for scale, security, and compliance and integrates into enterprise ecosystems as a cloud-native SaaS, multi-tenant, API-first, and headless platform.
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