Should I buy or sell Cannae stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cannae in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CNNE shares. View CNNE analyst ratings or view top-rated stocks .

What is Cannae's stock price target for 2024?

3 Wall Street research analysts have issued 1-year price objectives for Cannae's shares. Their CNNE share price targets range from $26.00 to $30.00. On average, they anticipate the company's stock price to reach $27.67 in the next year. This suggests a possible upside of 38.4% from the stock's current price. View analysts price targets for CNNE or view top-rated stocks among Wall Street analysts .

How have CNNE shares performed in 2024?

Cannae's stock was trading at $19.51 on January 1st, 2024. Since then, CNNE shares have increased by 2.5% and is now trading at $19.99. View the best growth stocks for 2024 here .

Are investors shorting Cannae?

Cannae saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,300,000 shares, a drop of 36.3% from the March 15th total of 2,040,000 shares. Based on an average trading volume of 782,400 shares, the days-to-cover ratio is currently 1.7 days. Currently, 2.0% of the company's stock are sold short. View Cannae's Short Interest .

When is Cannae's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our CNNE earnings forecast .

How were Cannae's earnings last quarter?

Cannae Holdings, Inc. (NYSE:CNNE) posted its earnings results on Wednesday, February, 21st. The company reported ($0.83) EPS for the quarter, missing the consensus estimate of ($0.66) by $0.17. The company had revenue of $119.30 million for the quarter, compared to the consensus estimate of $133.50 million. Cannae had a negative net margin of 53.86% and a negative trailing twelve-month return on equity of 12.31%.

What ETF holds Cannae's stock?

Invesco Global Listed Private Equity ETF holds 80,709 shares of CNNE stock, representing 0.70% of its portfolio.

What other stocks do shareholders of Cannae own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cannae investors own include NVIDIA (NVDA) , General Motors (GM) , Advanced Micro Devices (AMD) , Enphase Energy (ENPH) , Pure Storage (PSTG) , QUALCOMM (QCOM) , Block (SQ) , Twilio (TWLO) , Vista Outdoor (VSTO) and Zynga (ZNGA) .

Who are Cannae's major shareholders?

Cannae's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Triad Investment Management (0.28%), Confluence Investment Management LLC (0.19%) and Park Avenue Securities LLC (0.02%). Insiders that own company stock include Barry B Moullet, Bryan D Coy , Cannae Holdings, Inc and Richard N Massey. View institutional ownership trends .

How do I buy shares of Cannae?

Shares of CNNE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:CNNE

Cannae (CNNE) Stock Price, News & Analysis

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Free CNNE Stock Alerts

$19.99

-0.35 (-1.72%)

(As of 04/15/2024 ET)

Compare

Today's Range: $19.78
▼
$20.49
50-Day Range: $19.99
▼
$22.53
52-Week Range: $15.93
▼
$22.99

Volume: 712,101 shs
Average Volume: 779,944 shs
Market Capitalization: $1.45 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $27.67

Get Cannae alerts:

Cannae MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 38.4% Upside
$27.67 Price Target
Short Interest: Healthy
1.97% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.49
Upright™ Environmental Score
News Sentiment: 0.65
Based on 11 Articles This Week
Insider Trading: Selling Shares
$1.52 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.93) to ($0.63) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.48 out of 5 stars

Finance Sector

185th out of 879 stocks

Eating & Drinking Places Industry

3rd out of 7 stocks

3.5

Analyst's Opinion

Consensus Rating
Cannae has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Cannae has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.97% of the float of Cannae has been sold short.
Short Interest Ratio / Days to Cover
Cannae has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Cannae has recently decreased by 36.27%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Cannae does not currently pay a dividend.
Dividend Growth
Cannae does not have a long track record of dividend growth.

2.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Cannae has received a 15.05% net impact score from Upright. Cannae seems to create the most significant positive value in categories "Jobs", "Taxes", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is false driven by its "Discretionary investment management services" product. See details.
Environmental Sustainability
The Environmental Impact score for Cannae is -0.49.

2.6

News and Social Media Coverage

News Sentiment
Cannae has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Cannae this week, compared to 2 articles on an average week.
Search Interest
1 people have searched for CNNE on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added Cannae to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cannae insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,515,138.00 in company stock.
Percentage Held by Insiders
Only 7.40% of the stock of Cannae is held by insiders.
Percentage Held by Institutions
88.12% of the stock of Cannae is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Cannae are expected to grow in the coming year, from ($0.93) to ($0.63) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cannae is -4.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cannae is -4.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Cannae has a P/B Ratio of 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Cannae Stock (NYSE:CNNE)

Cannae Holdings, Inc. is a principal investment firm. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more. It takes both minority and majority stakes. Cannae Holdings, Inc. was founded in 2014 and is based in Las Vegas, Nevada.

CNNE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CNNE Stock News Headlines

April 12, 2024 | insidertrades.com

Cannae Holdings, Inc. (NYSE:CNNE) CEO Sells $1,041,000.00 in Stock

April 10, 2024 | insidertrades.com

Cannae Holdings, Inc. (NYSE:CNNE) CEO Sells $474,138.50 in Stock

April 16, 2024 | InvestorPlace (Ad)

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April 13, 2024 | finance.yahoo.com

Cannae Holdings Insider Ups Holding By 13% During Year

April 13, 2024 | americanbankingnews.com

Richard N. Massey Sells 50,000 Shares of Cannae Holdings, Inc. (NYSE:CNNE) Stock

April 10, 2024 | americanbankingnews.com

Cannae Holdings, Inc. (NYSE:CNNE) CEO Richard N. Massey Sells 23,050 Shares of Stock

April 4, 2024 | businesswire.com

Cannae Holdings, Inc. Announces Final Results of Modified Dutch Auction Tender Offer

April 2, 2024 | businesswire.com

Cannae Holdings, Inc. Announces Preliminary Results of Modified Dutch Auction Tender Offer

April 16, 2024 | The Bull Report (Ad)

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Cannae Holdings Inc (CNNE)

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March 3, 2024 | finance.yahoo.com

Cannae Holdings Full Year 2023 Earnings: Misses Expectations

March 1, 2024 | businesswire.com

Cannae Holdings, Inc. Commences Cash Tender Offer to Purchase Up to $200 Million in Value of Shares of its Common Stock

February 27, 2024 | businesswire.com

Cannae Holdings, Inc. Expands Board of Directors

February 27, 2024 | finance.yahoo.com

Cannae Holdings, Inc. Announces Agreement to Wind Down Management Services Agreement

February 27, 2024 | businesswire.com

Cannae Holdings, Inc. Announces Agreement to Wind Down Management Services Agreement

February 26, 2024 | cnn.com

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February 24, 2024 | finance.yahoo.com

Cannae Holdings, Inc. (NYSE:CNNE) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

February 23, 2024 | cnn.com

Fox Corporation Class B

February 22, 2024 | finance.yahoo.com

Cannae Holdings, Inc. (NYSE:CNNE) Q4 2023 Earnings Call Transcript

February 21, 2024 | finance.yahoo.com

Cannae Holdings, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

February 21, 2024 | finance.yahoo.com

Cannae Holdings, Inc. Announces Strategic Partnership With JANA Partners

February 21, 2024 | businesswire.com

Cannae Holdings, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

February 21, 2024 | businesswire.com

Cannae Holdings, Inc. Announces Strategic Partnership With JANA Partners

See More Headlines

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Company Calendar

Last Earnings: 2/21/2024
Today: 4/15/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Eating & drinking places
Sub-Industry: N/A
Current Symbol: NYSE:CNNE
CUSIP: N/A
CIK: 1704720
Web: www.cannaeholdings.com
Phone: (833) 856-8534
Fax: N/A
Employees: 7,741
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $27.67
High Stock Price Target: $30.00
Low Stock Price Target: $26.00
Potential Upside/Downside: +37.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($4.22)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-313,400,000.00
Net Margins: -53.86%
Pretax Margin: -36.33%
Return on Equity: -12.31%
Return on Assets: -10.60%

Debt

Debt-to-Equity Ratio: 0.04
Current Ratio: 1.65
Quick Ratio: 1.65

Sales & Book Value

Annual Sales: $570 million
Price / Sales: 2.56
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $32.66 per share
Price / Book: 0.62

Miscellaneous

Outstanding Shares: 72,480,000
Free Float: 67,118,000
Market Cap: $1.46 billion
Optionable: Optionable
Beta: 0.89

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Key Executives

Mr. William Patrick Foley II (Age 79)
CEO, Chief Investment Officer & Chairman
Comp: $12.12M
Mr. Bryan D. Coy (Age 54)
Chief Financial Officer
Comp: $182k
Mr. Michael Louis Gravelle (Age 62)
EVP, General Counsel & Corporate Secretary
Comp: $1.08M
Mr. Ryan Richard Caswell (Age 41)
President
Brett A. Correia
Chief Accounting Officer
Mr. Peter Tadeusz Sadowski (Age 69)
Executive VP & Chief Legal Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CNNE Stock Analysis - Frequently Asked Questions

Should I buy or sell Cannae stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cannae in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CNNE shares.
View CNNE analyst ratings or view top-rated stocks.
What is Cannae's stock price target for 2024?: 3 Wall Street research analysts have issued 1-year price objectives for Cannae's shares. Their CNNE share price targets range from $26.00 to $30.00. On average, they anticipate the company's stock price to reach $27.67 in the next year. This suggests a possible upside of 38.4% from the stock's current price.
View analysts price targets for CNNE or view top-rated stocks among Wall Street analysts.
How have CNNE shares performed in 2024?: Cannae's stock was trading at $19.51 on January 1st, 2024. Since then, CNNE shares have increased by 2.5% and is now trading at $19.99.
View the best growth stocks for 2024 here.
Are investors shorting Cannae?: Cannae saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,300,000 shares, a drop of 36.3% from the March 15th total of 2,040,000 shares. Based on an average trading volume of 782,400 shares, the days-to-cover ratio is currently 1.7 days. Currently, 2.0% of the company's stock are sold short.
View Cannae's Short Interest.
When is Cannae's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our CNNE earnings forecast.
How were Cannae's earnings last quarter?: Cannae Holdings, Inc. (NYSE:CNNE) posted its earnings results on Wednesday, February, 21st. The company reported ($0.83) EPS for the quarter, missing the consensus estimate of ($0.66) by $0.17. The company had revenue of $119.30 million for the quarter, compared to the consensus estimate of $133.50 million. Cannae had a negative net margin of 53.86% and a negative trailing twelve-month return on equity of 12.31%.

What ETF holds Cannae's stock?: Invesco Global Listed Private Equity ETF holds 80,709 shares of CNNE stock, representing 0.70% of its portfolio.
What other stocks do shareholders of Cannae own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Cannae investors own include NVIDIA (NVDA), General Motors (GM), Advanced Micro Devices (AMD), Enphase Energy (ENPH), Pure Storage (PSTG), QUALCOMM (QCOM), Block (SQ), Twilio (TWLO), Vista Outdoor (VSTO) and Zynga (ZNGA).
Who are Cannae's major shareholders?: Cannae's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Triad Investment Management (0.28%), Confluence Investment Management LLC (0.19%) and Park Avenue Securities LLC (0.02%). Insiders that own company stock include Barry B Moullet, Bryan D Coy, Cannae Holdings, Inc and Richard N Massey.
View institutional ownership trends.
How do I buy shares of Cannae?: Shares of CNNE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CNNE) was last updated on 4/16/2024 by MarketBeat.com Staff

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