Connecture Inc (NASDAQ:CNXR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday.

According to Zacks, “Connecture, Inc. provides web-based consumer shopping, enrollment and retention platform for health insurance distribution. It operates primarily in the United States. Connecture, Inc. is based in Brookfield, United States. “

Connecture (NASDAQ:CNXR) opened at 1.322 on Friday. Connecture has a 52-week low of $1.15 and a 52-week high of $3.24. The stock has a 50 day moving average of $1.93 and a 200-day moving average of $1.85. The company’s market cap is $29.65 million.

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Hedge funds have recently bought and sold shares of the company. Great Point Partners LLC purchased a new stake in shares of Connecture during the third quarter valued at about $7,759,000. Francisco Partners Management LP bought a new stake in shares of Connecture during the fourth quarter valued at $6,088,000. Suntrust Banks Inc. boosted its stake in shares of Connecture by 202.4% in the third quarter. Suntrust Banks Inc. now owns 75,600 shares of the company’s stock valued at $142,000 after buying an additional 50,600 shares during the last quarter. Finally, Keel Point LLC boosted its stake in shares of Connecture by 101.6% in the third quarter. Keel Point LLC now owns 75,600 shares of the company’s stock valued at $142,000 after buying an additional 38,100 shares during the last quarter. 40.69% of the stock is owned by institutional investors and hedge funds.

Connecture Company Profile

Connecture, Inc provides a Web-based consumer shopping, enrollment and retention platform for health insurance distribution. The Company caters its services to health insurance marketplace operators, such as health plans, brokers and exchange operators. It operates through four segments: Enterprise/Commercial, Enterprise/State, Medicare and Private Exchange.

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