Cannae - CNNE Stock Forecast, Price & News

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

2 Wall Street analysts have issued 12-month target prices for Cannae's shares. Their CNNE share price forecasts range from $32.00 to $42.00. On average, they predict the company's share price to reach $36.67 in the next year. This suggests a possible upside of 91.8% from the stock's current price.
View analysts price targets for CNNE or view top-rated stocks among Wall Street analysts.

Cannae's stock was trading at $20.65 at the start of the year. Since then, CNNE stock has decreased by 7.4% and is now trading at $19.12.
View the best growth stocks for 2023 here.

Cannae saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 1,170,000 shares, an increase of 44.2% from the February 13th total of 811,500 shares. Based on an average daily volume of 407,000 shares, the short-interest ratio is currently 2.9 days. Approximately 1.7% of the company's shares are short sold.
View Cannae's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our CNNE earnings forecast.

Cannae Holdings, Inc. (NYSE:CNNE) released its quarterly earnings data on Tuesday, November, 9th. The company reported ($1.36) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by $1.19. The business earned $186 million during the quarter, compared to analysts' expectations of $194.70 million. Cannae had a negative trailing twelve-month return on equity of 8.84% and a negative net margin of 64.66%. During the same quarter last year, the business posted $1.44 earnings per share.

ETFs with the largest weight of Cannae (NYSE:CNNE) stock in their portfolio include Invesco Global Listed Private Equity ETF (PSP), Etho Climate Leadership US ETF (ETHO), First Trust Active Factor Small Cap ETF (AFSM) and Avantis U.S. Small Cap Equity ETF (AVSC).Dimensional US Small Cap Value ETF (DFSV).

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).

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

Cannae's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include DAVENPORT & Co LLC (7.99%), River Road Asset Management LLC (7.32%), Nitorum Capital L.P. (4.18%), Dimensional Fund Advisors LP (2.87%), Geode Capital Management LLC (1.66%) and Marathon Asset Management Ltd (1.36%). Insiders that own company stock include Barry B Moullet, Brent B Bickett, Bryan D Coy, Cannae Holdings, Inc, Frank P Willey, Michael L Gravelle and Richard N Massey.
View institutional ownership trends.

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.

One share of CNNE stock can currently be purchased for approximately $19.12.

Cannae (NYSE:CNNE) has a market capitalization of $1.46 billion and generates $662.10 million in revenue each year. The company earns $-428,100,000.00 in net income (profit) each year or ($4.99) on an earnings per share basis.

The company employs 11,988 workers across the globe.

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 (833) 856-8534.