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

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

Wall Street Analyst Weigh In

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

Coveo Solutions Stock Up 10.7%

The firm has a 50 day moving average of C$4.40 and a 200 day moving average of C$5.49. The firm has a market cap of C$413.05 million, a price-to-earnings ratio of -14.83, a PEG ratio of 0.09 and a beta of 1.33. The company has a quick ratio of 3.14, a current ratio of 1.42 and a debt-to-equity ratio of 16.57.

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

About Coveo Solutions

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.