Coveo Solutions (TSE:CVO) Trading 3.8% Higher – Still a Buy?

Coveo Solutions Inc. (TSE:CVO) shot up 3.8% during mid-day trading on Monday . The company traded as high as C$4.54 and last traded at C$4.42. 240,368 shares traded hands during trading, an increase of 1% from the average daily volume of 238,478 shares. The stock had previously closed at C$4.26.

Analyst Ratings Changes

CVO has been the subject of several analyst reports. BMO Capital Markets cut their price target on Coveo Solutions from C$10.00 to C$6.00 and set an “outperform” rating for the company in a report on Thursday, May 28th. National Bank Financial decreased their price objective on 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. Stifel Nicolaus decreased their price objective on Coveo Solutions from C$11.00 to C$9.00 and set a “buy” rating on the stock in a report on Friday, May 29th. Finally, TD lowered their price objective 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. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$8.50.

Coveo Solutions Price Performance

The company’s 50-day moving average is C$4.32 and its 200-day moving average is C$5.10. The company has a debt-to-equity ratio of 16.57, a current ratio of 1.42 and a quick ratio of 3.14. The firm has a market capitalization of C$396.34 million, a price-to-earnings ratio of -14.23, a PEG ratio of 0.09 and a beta of 1.57.

Coveo Solutions (TSE:CVO) last issued its quarterly earnings results on Wednesday, May 27th. The company reported C($0.03) EPS for the quarter. The company had revenue of C$54.02 million for the quarter. Coveo Solutions had a negative return on equity of 26.89% and a negative net margin of 19.27%. On average, research analysts expect 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.