Coveo Solutions Inc. (TSE:CVO – Get Free Report) was down 1.4% during trading on Monday . The stock traded as low as C$7.78 and last traded at C$7.79. Approximately 177,977 shares traded hands during mid-day trading, an increase of 50% from the average daily volume of 118,436 shares. The stock had previously closed at C$7.90.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on CVO shares. Stifel Nicolaus dropped their target price on shares of Coveo Solutions from C$15.00 to C$12.00 and set a “buy” rating for the company in a report on Tuesday, June 4th. Royal Bank of Canada dropped their target price on shares of Coveo Solutions from C$15.00 to C$13.00 and set an “outperform” rating for the company in a report on Wednesday, June 5th. BMO Capital Markets dropped their target price on shares of Coveo Solutions from C$12.50 to C$10.50 and set an “outperform” rating for the company in a report on Tuesday, June 4th. Scotiabank dropped their target price on shares of Coveo Solutions from C$14.00 to C$11.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. Finally, National Bankshares dropped their target price on shares of Coveo Solutions from C$14.00 to C$10.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$11.71.
Get Our Latest Analysis on Coveo Solutions
Coveo Solutions Price Performance
Coveo Solutions (TSE:CVO – Get Free Report) last issued its quarterly earnings results on Monday, June 3rd. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.02) by C($0.03). The business had revenue of C$41.44 million for the quarter, compared to analyst estimates of C$44.79 million. Coveo Solutions had a negative return on equity of 13.31% and a negative net margin of 21.85%. On average, equities research analysts anticipate that Coveo Solutions Inc. will post -0.2144225 EPS for the current fiscal 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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