Pivotree (CVE:PVT) Raised to Moderate Buy at Cormark

Pivotree (CVE:PVT) was upgraded by analysts at Cormark from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports. Cormark also issued estimates for Pivotree’s FY2025 earnings at $0.18 EPS.

Separately, Canaccord Genuity Group upgraded shares of Pivotree from a “hold” rating to a “speculative buy” rating and increased their price objective for the stock from C$1.50 to C$1.75 in a research note on Thursday, May 22nd.

Pivotree Price Performance

Shares of CVE:PVT opened at C$1.39 on Friday. The firm’s 50 day moving average price is C$1.25 and its 200-day moving average price is C$1.15. Pivotree has a twelve month low of C$0.73 and a twelve month high of C$1.50. The company has a quick ratio of 1.95, a current ratio of 2.10 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of C$36.71 million, a PE ratio of -2.81 and a beta of 0.22.

Pivotree Company Profile

Pivotree Inc designs, integrates, deploys, and manages digital platforms in commerce, data management, and supply chain for retail and branded manufacturers in Canada and internationally. The company offers infrastructure deployment, data transaction, subscription license, system and application triage and support, configuration management, and security services, as well as provides web and application hosting services.