Coveo Solutions (TSE:CVO) Stock Price Down 2.1%

Shares of Coveo Solutions Inc. (TSE:CVO - Get Free Report) fell 2.1% during mid-day trading on Wednesday . The stock traded as low as C$9.19 and last traded at C$9.19. 36,570 shares traded hands during trading, a decline of 63% from the average session volume of 97,843 shares. The stock had previously closed at C$9.39.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Scotiabank raised their price target on shares of Coveo Solutions from C$13.00 to C$14.00 and gave the company an "outperform" rating in a research note on Wednesday, January 31st. Royal Bank of Canada raised their price target on shares of Coveo Solutions from C$14.00 to C$15.00 and gave the stock an "outperform" rating in a report on Tuesday, February 6th. TD Securities raised their price target on shares of Coveo Solutions from C$13.50 to C$15.00 and gave the stock a "buy" rating in a report on Tuesday, February 6th. Eight Capital lifted their target price on shares of Coveo Solutions from C$13.50 to C$16.00 and gave the company a "buy" rating in a report on Wednesday, February 21st. Finally, Stifel Nicolaus boosted their price objective on Coveo Solutions from C$14.00 to C$15.00 and gave the company a "buy" rating in a report on Tuesday, February 6th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Coveo Solutions currently has a consensus rating of "Buy" and an average price target of C$13.75.

Coveo Solutions Stock Performance

The company has a debt-to-equity ratio of 5.37, a current ratio of 2.44 and a quick ratio of 3.14. The firm has a 50 day moving average of C$10.41 and a two-hundred day moving average of C$10.15. The stock has a market cap of C$494.28 million, a PE ratio of -23.77, a PEG ratio of 0.09 and a beta of 1.05.

Coveo Solutions (TSE:CVO - Get Free Report) last issued its quarterly earnings data on Monday, February 5th. The company reported C($0.08) earnings per share for the quarter, missing analysts' consensus estimates of C($0.04) by C($0.04). Coveo Solutions had a negative net margin of 21.85% and a negative return on equity of 13.31%. The firm had revenue of C$43.24 million during the quarter, compared to analysts' expectations of C$43.26 million. Research analysts predict that Coveo Solutions Inc. will post -0.2144225 EPS for the current fiscal year.

About Coveo Solutions

Coveo Solutions Inc provides AI platforms that enable individualized, connected, and trusted digital experiences. The Relevance Cloud platform, an AI solution that integrates AI search, recommendations, GenAI answering, AI models, and analytics across various digital domains; and is designed for scale, security, and compliance and integrates into enterprise ecosystems as a cloud-native SaaS, multi-tenant, API-first, and headless platform.