Convey Holding Parent (NYSE:CNVY) Trading Up 3.8%

Convey Holding Parent, Inc. (NYSE:CNVY)’s stock price was up 3.8% during trading on Thursday . The company traded as high as $8.28 and last traded at $8.28. Approximately 2,653 shares traded hands during trading, a decline of 99% from the average daily volume of 345,132 shares. The stock had previously closed at $7.98.

A number of equities research analysts have recently commented on CNVY shares. Truist Securities started coverage on Convey Holding Parent in a research report on Monday, July 12th. They set a “buy” rating and a $16.00 price objective for the company. JPMorgan Chase & Co. started coverage on Convey Holding Parent in a research report on Monday, July 12th. They set a “neutral” rating and a $12.00 price objective for the company. Canaccord Genuity started coverage on Convey Holding Parent in a research report on Monday, July 12th. They set a “buy” rating and a $18.00 price objective for the company. Truist initiated coverage on Convey Holding Parent in a research report on Monday, July 12th. They set a “buy” rating and a $16.00 price objective for the company. Finally, Bank of America initiated coverage on Convey Holding Parent in a report on Monday, July 12th. They issued a “buy” rating and a $15.00 target price for the company. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $14.86.

In other Convey Holding Parent news, EVP Kyle Stern bought 38,760 shares of the stock in a transaction on Friday, June 18th. The shares were purchased at an average cost of $13.12 per share, with a total value of $508,531.20. Also, CEO Stephen C. Farrell bought 45,000 shares of the stock in a transaction on Friday, June 18th. The shares were acquired at an average cost of $13.00 per share, for a total transaction of $585,000.00.

Convey Holding Parent Company Profile (NYSE:CNVY)

Convey Holding Parent, Inc, together with its subsidiaries, 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 in the United States.

Further Reading: Lock-Up Period Expiration

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