Shares of Coveo Solutions Inc. (TSE:CVO – Get Free Report) fell 1.4% on Monday . The company traded as low as C$7.78 and last traded at C$7.79. 177,977 shares traded hands during mid-day trading, an increase of 50% from the average session volume of 118,436 shares. The stock had previously closed at C$7.90.
Wall Street Analyst Weigh In
CVO has been the subject of several recent analyst reports. Scotiabank dropped their price objective on shares of Coveo Solutions from C$14.00 to C$11.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. National Bankshares dropped their price objective on shares of Coveo Solutions from C$14.00 to C$10.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. Royal Bank of Canada lowered 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 research note on Wednesday, June 5th. BMO Capital Markets lowered 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 research note on Tuesday, June 4th. Finally, TD Securities lowered 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 research note on Tuesday, June 4th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$11.71.
View Our Latest Analysis on CVO
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 for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.03). Coveo Solutions had a negative return on equity of 13.31% and a negative net margin of 21.85%. The business had revenue of C$41.44 million for the quarter, compared to analysts’ expectations of C$44.79 million. As a group, equities analysts expect that Coveo Solutions Inc. will post -0.2144225 earnings per share 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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