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Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce
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DOW   33,336.67
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Why Invest in High-Yield Dividend Stocks?
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US Dollar Replaced By "Biden Bucks"? (Ad)
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce
Closing prices for crude oil, gold and other commodities
US Dollar Replaced By "Biden Bucks"? (Ad)
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
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Why Invest in High-Yield Dividend Stocks?
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US Dollar Replaced By "Biden Bucks"? (Ad)
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce
Closing prices for crude oil, gold and other commodities
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NYSE:CNNE

Cannae - CNNE Stock Forecast, Price & News

$23.14
-0.15 (-0.64%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$23.05
$23.70
50-Day Range
$17.22
$23.80
52-Week Range
$17.11
$36.50
Volume
343,938 shs
Average Volume
589,651 shs
Market Capitalization
$1.96 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$40.00

Cannae MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
72.9% Upside
$40.00 Price Target
Short Interest
Healthy
2.66% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.49
Upright™ Environmental Score
News Sentiment
0.20mentions of Cannae in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$109.68 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.48) to $0.06 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.28 out of 5 stars

Finance Sector

522nd out of 920 stocks

Eating & Drinking Places Industry

4th out of 6 stocks

CNNE stock logo

About Cannae (NYSE:CNNE) Stock

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. is based in Las Vegas, Nevada.

Cannae Price Performance

Shares of NYSE:CNNE traded down $0.15 during mid-day trading on Thursday, hitting $23.14. 343,938 shares of the stock traded hands, compared to its average volume of 589,651. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.69 and a quick ratio of 0.33. Cannae has a twelve month low of $17.11 and a twelve month high of $36.50. The company has a market cap of $1.96 billion, a PE ratio of -2.68 and a beta of 0.80. The firm has a 50 day simple moving average of $20.36 and a two-hundred day simple moving average of $22.94.

Cannae (NYSE:CNNE - Get Rating) last released its quarterly earnings data on Monday, May 9th. The company reported ($2.88) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($2.68). Cannae had a negative net margin of 104.42% and a negative return on equity of 17.80%. The firm had revenue of $167.40 million for the quarter, compared to analyst estimates of $193.00 million. During the same period last year, the business earned ($2.55) EPS. As a group, equities research analysts forecast that Cannae will post -2.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Stephens lifted their price target on Cannae from $41.00 to $42.00 and gave the company an "overweight" rating in a research note on Tuesday. Oppenheimer decreased their price target on Cannae from $41.00 to $36.00 in a research note on Tuesday, May 10th. Finally, TheStreet downgraded Cannae from a "c-" rating to a "d" rating in a report on Tuesday.

Insider Activity at Cannae

In other Cannae news, Director Cannae Holdings, Inc. sold 7,871,685 shares of Cannae stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $13.81, for a total transaction of $108,707,969.85. Following the transaction, the director now directly owns 80,406,356 shares of the company's stock, valued at approximately $1,110,411,776.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 7,959,929 shares of company stock valued at $109,675,055 in the last 90 days. 6.10% of the stock is owned by corporate insiders.

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CNNE Stock News Headlines

Most profitable less than $5 stock in the world?
This virtually unknown stock trades under a secret name, brings in more cash than IBM, Facebook and Tesla, and trades for just under $5. Find out why in this "leaked" footage from a former Wall Street money manager. pixel
Most profitable less than $5 stock in the world?
This virtually unknown stock trades under a secret name, brings in more cash than IBM, Facebook and Tesla, and trades for just under $5. Find out why in this "leaked" footage from a former Wall Street money manager. pixel
Cannae (CNNE) Set to Announce Quarterly Earnings on Monday
See More Headlines
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CNNE Company Calendar

Last Earnings
11/09/2021
Today
8/11/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Eating & drinking places
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
12,938
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$40.00
High Stock Price Forecast
$42.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+72.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-287,000,000.00
Net Margins
-104.42%
Pretax Margin
-124.74%

Debt

Sales & Book Value

Annual Sales
$742.20 million
Book Value
$33.77 per share

Miscellaneous

Free Float
79,736,000
Market Cap
$1.96 billion
Optionable
Optionable
Beta
0.80














CNNE Stock - Frequently Asked Questions

Should I buy or sell Cannae stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cannae in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CNNE shares.
View CNNE analyst ratings
or view top-rated stocks.

What is Cannae's stock price forecast for 2022?

2 Wall Street research analysts have issued 1-year target prices for Cannae's shares. Their CNNE share price forecasts range from $36.00 to $42.00. On average, they predict the company's share price to reach $40.00 in the next twelve months. This suggests a possible upside of 73.4% 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 2022?

Cannae's stock was trading at $35.15 at the start of the year. Since then, CNNE shares have decreased by 34.4% and is now trading at $23.07.
View the best growth stocks for 2022 here
.

Are investors shorting Cannae?

Cannae saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,110,000 shares, an increase of 12.2% from the July 15th total of 1,880,000 shares. Based on an average daily trading volume, of 644,500 shares, the days-to-cover ratio is presently 3.3 days. Approximately 2.7% of the company's shares are short sold.
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, November 8th 2022.
View our CNNE earnings forecast
.

How were Cannae's earnings last quarter?

Cannae Holdings, Inc. (NYSE:CNNE) released its quarterly earnings data on Tuesday, November, 9th. The company reported ($1.36) EPS for the quarter, missing the consensus estimate of ($0.17) by $1.19. The firm had revenue of $186 million for the quarter, compared to analysts' expectations of $194.70 million. Cannae had a negative net margin of 104.42% and a negative trailing twelve-month return on equity of 17.80%. During the same period in the previous year, the company posted $1.44 earnings per share.

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).

What is Cannae's stock symbol?

Cannae trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNNE."

Who are Cannae's major shareholders?

Cannae's stock is owned by many different institutional and retail investors. Top institutional shareholders include DAVENPORT & Co LLC (8.13%), River Road Asset Management LLC (6.54%), Marathon Asset Management Ltd (1.96%), Thompson Siegel & Walmsley LLC (1.22%), Confluence Investment Management LLC (0.74%) and Wedge Capital Management L L P NC (0.61%). Insiders that own company stock include Barry B Moullet, Brent B Bickett, Bryan D Coy, Cannae Holdings, Inc, Frank P Willey, Michael L Gravelle, Richard L Cox 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cannae's stock price today?

One share of CNNE stock can currently be purchased for approximately $23.07.

How much money does Cannae make?

Cannae (NYSE:CNNE) has a market capitalization of $1.85 billion and generates $742.20 million in revenue each year. The company earns $-287,000,000.00 in net income (profit) each year or ($8.63) on an earnings per share basis.

How many employees does Cannae have?

The company employs 12,938 workers across the globe.

How can I contact Cannae?

Cannae's mailing address is 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV, 89134. The official website for the company is www.cannaeholdings.com. The company can be reached via phone at (702) 323-7330.

This page (NYSE:CNNE) was last updated on 8/12/2022 by MarketBeat.com Staff

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