NYSE:CNNE

Cannae (CNNE) Stock Price, News & Analysis

$20.23
+0.50 (+2.53%)
(As of 12:28 PM ET)
Today's Range
$19.85
$20.26
50-Day Range
$19.43
$22.53
52-Week Range
$15.93
$22.99
Volume
90,644 shs
Average Volume
755,582 shs
Market Capitalization
$1.29 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$27.67

Cannae MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
36.8% Upside
$27.67 Price Target
Short Interest
Healthy
1.97% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.49
Upright™ Environmental Score
News Sentiment
0.87mentions of Cannae in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$2.10 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.93) to ($0.63) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.57 out of 5 stars

Finance Sector

142nd out of 838 stocks

Eating & Drinking Places Industry

3rd out of 7 stocks

CNNE stock logo

About Cannae Stock (NYSE:CNNE)

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. was founded in 2014 and is based in Las Vegas, Nevada.

CNNE Stock Price History

CNNE Stock News Headlines

SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Cannae Holdings Insider Ups Holding By 13% During Year
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
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Company Calendar

Last Earnings
2/21/2024
Today
4/23/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Eating & drinking places
Sub-Industry
N/A
Fax
N/A
Employees
7,741
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$27.67
High Stock Price Target
$30.00
Low Stock Price Target
$26.00
Potential Upside/Downside
+40.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-313,400,000.00
Pretax Margin
-36.33%

Debt

Sales & Book Value

Annual Sales
$570 million
Book Value
$32.66 per share

Miscellaneous

Free Float
59,189,000
Market Cap
$1.26 billion
Optionable
Optionable
Beta
0.89
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CNNE Stock Analysis - Frequently Asked Questions

Should I buy or sell Cannae stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cannae in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CNNE shares.
View CNNE analyst ratings
or view top-rated stocks.

What is Cannae's stock price target for 2024?

3 Wall Street analysts have issued 1-year target prices for Cannae's stock. Their CNNE share price targets range from $26.00 to $30.00. On average, they predict the company's share price to reach $27.67 in the next year. This suggests a possible upside of 36.8% 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 2024?

Cannae's stock was trading at $19.51 at the start of the year. Since then, CNNE stock has increased by 3.7% and is now trading at $20.23.
View the best growth stocks for 2024 here
.

Are investors shorting Cannae?

Cannae saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,300,000 shares, a drop of 36.3% from the March 15th total of 2,040,000 shares. Based on an average daily volume of 782,400 shares, the days-to-cover ratio is currently 1.7 days. Currently, 2.0% of the company's stock are sold short.
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, May 14th 2024.
View our CNNE earnings forecast
.

How were Cannae's earnings last quarter?

Cannae Holdings, Inc. (NYSE:CNNE) released its quarterly earnings data on Wednesday, February, 21st. The company reported ($0.83) EPS for the quarter, missing analysts' consensus estimates of ($0.66) by $0.17. The company had revenue of $119.30 million for the quarter, compared to analyst estimates of $133.50 million. Cannae had a negative trailing twelve-month return on equity of 12.31% and a negative net margin of 53.86%.

What ETF holds Cannae's stock?

Invesco Global Listed Private Equity ETF holds 80,709 shares of CNNE stock, representing 0.70% of its portfolio.

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).

Who are Cannae's major shareholders?

Cannae's stock is owned by many different retail and institutional investors. Top institutional investors include Raymond James & Associates (0.52%), Triad Investment Management (0.28%), Confluence Investment Management LLC (0.19%), Redmont Wealth Advisors LLC (0.05%), Park Avenue Securities LLC (0.02%) and Financial Management Professionals Inc. (0.00%). Insiders that own company stock include Barry B Moullet, Bryan D Coy, Cannae Holdings, Inc 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CNNE) was last updated on 4/23/2024 by MarketBeat.com Staff

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