Convey Health Solutions Holdings, Inc. (NYSE:CNVY) Given Average Rating of “Buy” by Analysts

Convey Health Solutions Holdings, Inc. (NYSE:CNVYGet Rating) has received a consensus recommendation of “Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $13.50.

A number of research firms have weighed in on CNVY. Zacks Investment Research cut shares of Convey Health Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, April 6th. Barclays lowered their price objective on Convey Health Solutions from $16.00 to $12.00 in a report on Monday, February 7th. The Goldman Sachs Group reduced their target price on Convey Health Solutions from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, March 24th. Canaccord Genuity Group lowered their price target on Convey Health Solutions from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, March 24th. Finally, Guggenheim assumed coverage on Convey Health Solutions in a research note on Wednesday, April 6th. They issued a “buy” rating and a $12.00 price objective for the company.

Shares of Convey Health Solutions stock opened at $6.79 on Wednesday. Convey Health Solutions has a twelve month low of $4.85 and a twelve month high of $14.29. The company has a quick ratio of 1.68, a current ratio of 1.88 and a debt-to-equity ratio of 0.35. The company has a 50-day simple moving average of $6.08.

Convey Health Solutions (NYSE:CNVYGet Rating) last posted its quarterly earnings data on Wednesday, March 23rd. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.06). Convey Health Solutions had a negative net margin of 2.96% and a positive return on equity of 0.41%. Analysts forecast that Convey Health Solutions will post 0.34 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the business. Strs Ohio acquired a new position in shares of Convey Health Solutions during the 3rd quarter valued at about $26,000. Citigroup Inc. boosted its holdings in Convey Health Solutions by 123.7% in the 4th quarter. Citigroup Inc. now owns 3,434 shares of the company’s stock valued at $29,000 after purchasing an additional 1,899 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Convey Health Solutions in the 4th quarter valued at approximately $51,000. California State Teachers Retirement System acquired a new stake in shares of Convey Health Solutions during the 3rd quarter worth approximately $61,000. Finally, American International Group Inc. purchased a new stake in shares of Convey Health Solutions during the 3rd quarter valued at approximately $62,000. Institutional investors own 92.82% of the company’s stock.

Convey Health Solutions Company Profile (Get Rating)

Convey Health Solutions Holdings, Inc provides technology enabled solutions and advisory services to assist its clients with workflows across product developments, sales, member experience, clinical management, core operations, and business intelligence and analytics. It operates through two segments, Technology Enabled Solutions and Advisory Services.

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Analyst Recommendations for Convey Health Solutions (NYSE:CNVY)

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