Coveo Solutions (TSE:CVO) Trading Up 10% – Still a Buy?

Coveo Solutions Inc. (TSE:CVO) was up 10% during trading on Monday . The company traded as high as C$4.46 and last traded at C$4.42. Approximately 168,093 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 241,311 shares. The stock had previously closed at C$4.02.

Analyst Ratings Changes

A number of equities research analysts recently commented on CVO shares. BMO Capital Markets lowered their price target on Coveo Solutions from C$10.00 to C$6.00 and set an “outperform” rating for the company in a research report on Thursday, May 28th. TD lowered their price target on Coveo Solutions from C$9.50 to C$6.50 and set a “buy” rating for the company in a research report on Thursday, May 28th. National Bank Financial lowered their price target on Coveo Solutions from C$7.00 to C$5.50 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Finally, Stifel Nicolaus lowered their price target on Coveo Solutions from C$11.00 to C$9.00 and set a “buy” rating for the company in a research report on Friday, May 29th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$8.50.

Coveo Solutions Trading Down 5.6%

The stock has a market capitalization of C$406.55 million, a PE ratio of -14.60, a price-to-earnings-growth ratio of 0.09 and a beta of 1.33. The firm has a 50-day moving average price of C$4.40 and a 200-day moving average price of C$5.48. The company has a current ratio of 1.42, a quick ratio of 3.14 and a debt-to-equity ratio of 16.57.

Coveo Solutions (TSE:CVO) last announced its earnings results on Wednesday, May 27th. The company reported C($0.03) earnings per share (EPS) for the quarter. Coveo Solutions had a negative net margin of 19.24% and a negative return on equity of 26.86%. The business had revenue of C$54.02 million for the quarter. As a group, equities analysts forecast that Coveo Solutions Inc. will post -0.2144225 EPS for the current fiscal year.

Coveo Solutions Company Profile

Coveo brings superior AI-Relevance to every point-of-experience, transforming how enterprises connect with their customers and employees to maximize business outcomes. Relevance is about moving from persona to person, the degree to which the enterprise-wide content, products, recommendations, and advice presented to a person online aligns easily with their context, needs, preferences, behavior and intent, setting the competitive experience gold standard. Every person’s journey is unique, and only AI can solve the complexity of tailoring experiences across massive, diverse audiences and large volumes and variety of content and products.