Should I buy or sell Coveo Solutions stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coveo Solutions in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CVO shares. View CVO analyst ratings or view top-rated stocks .

What is Coveo Solutions' stock price target for 2024?

8 Wall Street analysts have issued 1 year price objectives for Coveo Solutions' stock. Their CVO share price targets range from C$7.50 to C$14.00. On average, they anticipate the company's share price to reach C$12.69 in the next twelve months. This suggests a possible upside of 20.4% from the stock's current price. View analysts price targets for CVO or view top-rated stocks among Wall Street analysts .

How have CVO shares performed in 2023?

Coveo Solutions' stock was trading at C$9.08 at the beginning of 2023. Since then, CVO stock has increased by 16.1% and is now trading at C$10.54. View the best growth stocks for 2023 here .

When is Coveo Solutions' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 5th 2024. View our CVO earnings forecast .

How were Coveo Solutions' earnings last quarter?

Coveo Solutions Inc. (TSE:CVO) issued its quarterly earnings results on Monday, November, 6th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by $0.05. The business had revenue of $41.88 million for the quarter, compared to analysts' expectations of $42.10 million. Coveo Solutions had a negative net margin of 25.71% and a negative trailing twelve-month return on equity of 15.17%.

How do I buy shares of Coveo Solutions?

Shares of CVO stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

Coveo Solutions Stock Price, News & Analysis (TSE:CVO)

C$10.54

-0.20 (-1.86%)

(As of 11/29/2023 ET)

Compare

Today's Range: C$10.54
▼
C$10.98
50-Day Range: C$9.68
▼
C$11.85
52-Week Range: C$6.02
▼
C$12.16

Volume: 56,148 shs
Average Volume: 73,846 shs
Market Capitalization: C$544.07 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: C$12.69

Stock Analysis Analyst Forecasts Chart Competitors Earnings Headlines

Coveo Solutions MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.88 Rating Score
Upside/Downside: 20.4% Upside
C$12.69 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.41
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

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

2.19 out of 5 stars

3.4

Analyst's Opinion

Consensus Rating
Coveo Solutions has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$12.69, Coveo Solutions has a forecasted upside of 20.4% from its current price of C$10.54.
Amount of Analyst Coverage
Coveo Solutions has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for CVO.

0.0

Dividend Strength

Dividend Yield
Coveo Solutions does not currently pay a dividend.
Dividend Growth
Coveo Solutions does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CVO.

3.0

News and Social Media Coverage

News Sentiment
Coveo Solutions has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Coveo Solutions this week, compared to 0 articles on an average week.
Search Interest
2 people have searched for CVO on MarketBeat in the last 30 days.
MarketBeat Follows
3 people have added Coveo Solutions to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Coveo Solutions insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.54% of the stock of Coveo Solutions is held by insiders.
Percentage Held by Institutions
72.74% of the stock of Coveo Solutions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Coveo Solutions is -26.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Coveo Solutions is -26.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Coveo Solutions has a PEG Ratio of 0.09. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Coveo Solutions has a P/B Ratio of 5.95. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Coveo Solutions Stock (TSE:CVO)

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. Its Relevance Generative Answering capability unifies LLM technology with its platform, ensuring scalable relevance, factuality, and traceable data sources, as well as addresses the unique challenges of deploying generative AI for enterprise use cases, enabling global brands to achieve tangible financial value through digital experiences. The company serves high tech, healthcare, manufacturing, financial services, retail, and telecommunication industries. Coveo Solutions Inc. has strategic relationships with Salesforce, Adobe, SAP, ServiceNow, Zendesk, Sitecore, AppDirect, and commercetools. The company was formerly known as Copernic Business Solutions Inc. and changed its name to Coveo Solutions Inc. in October 2004. Coveo Solutions Inc. was incorporated in 2004 and is headquartered in Quebec, Canada.

CVO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CVO Stock News Headlines

November 29, 2023 | americanbankingnews.com

Coveo Solutions (TSE:CVO) Given a C$14.00 Price Target at Stifel Nicolaus

November 23, 2023 | americanbankingnews.com

Coveo Solutions Inc. (TSE:CVO) Receives Average Recommendation of "Moderate Buy" from Brokerages

November 30, 2023 | Autonomix (Ad)

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October 30, 2023 | finance.yahoo.com

Coveo recognized as a Leader in the 2023 IDC MarketScape: Worldwide General-Purpose Knowledge Discovery Software Assessment

October 24, 2023 | finance.yahoo.com

Coveo to Host November 2023 Capital Markets Day

October 18, 2023 | baystreet.ca

Natural Resources, Coveo, ADF at 52-Week Highs

October 17, 2023 | finance.yahoo.com

Coveo Announces Date of Fiscal Second Quarter 2024 Conference Call

September 17, 2023 | finance.yahoo.com

While hedge funds own 25% of Coveo Solutions Inc. (TSE:CVO), private equity firms are its largest shareholders with 25% ownership

November 30, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

September 15, 2023 | finanznachrichten.de

Coveo Solutions Inc.: Coveo Announces Election of Jill Denham to Board of Directors and Voting Results for 2023 Annual General Meeting of Shareholders

September 14, 2023 | finance.yahoo.com

Coveo Announces Election of Jill Denham to Board of Directors and Voting Results for 2023 Annual General Meeting of Shareholders

August 8, 2023 | finance.yahoo.com

Coveo Reports First Quarter Fiscal 2024 Financial Results

August 1, 2023 | finance.yahoo.com

Coveo to Participate at Upcoming August 2023 Investor Conferences

July 27, 2023 | finance.yahoo.com

Customers Name Coveo Best Enterprise Search Vendor for the Third Consecutive Year in SoftwareReviews' 2023 Emotional Footprint Report

July 24, 2023 | msn.com

I’d Aim for $1 Million Buying Just These 3 TSX Stocks

July 12, 2023 | finance.yahoo.com

Coveo's Relevance AI Platform Wins Coveted Best LLM Application Award in 2023 AI Breakthrough Awards, reinforcing its AI Leadership and Paving the Way for its New groundbreaking GenAI Solution

June 28, 2023 | finance.yahoo.com

Coveo's AI Platform Earns Coveted ISO 27001 Certification: Setting the Standard for Security and Trust

June 20, 2023 | finance.yahoo.com

Coveo Research Finds A Growing Generational Gap That Could Affect Innovative Talent

June 16, 2023 | finance.yahoo.com

Coveo Solutions (TSE:CVO) Is In A Strong Position To Grow Its Business

June 8, 2023 | msn.com

NATIONAL BANK FINANCIAL Maintains Coveo Solutions Inc (TSE:CVO) Outperform Recommendation

June 8, 2023 | finance.yahoo.com

Coveo Unleashes Groundbreaking GenAI Enterprise Product with Customer Design Partners and Exclusive Pricing Offer for Early Adopters

June 6, 2023 | finance.yahoo.com

Coveo Report: Bad Self-Service is Worse Than No Self-Service

June 1, 2023 | markets.businessinsider.com

Eight Capital Keeps a Buy Rating on Coveo Solutions (CVO)

May 30, 2023 | finance.yahoo.com

Coveo Reports Fourth Quarter and Fiscal 2023 Financial Results

May 25, 2023 | finance.yahoo.com

Coveo Services Now Available in the Amazon Web Service (AWS) Canada Region

May 25, 2023 | finance.yahoo.com

Coveo Services Now Available in the Amazon Web Service (AWS) Canada Region

May 11, 2023 | finance.yahoo.com

Coveo Report: Could Case Swarming Be The Answer to Swivel Chair Syndrome?

See More Headlines

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Company Calendar

Last Earnings: 11/06/2023
Today: 11/29/2023
Next Earnings (Estimated): 2/05/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Software - Infrastructure
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: TSE:CVO
CUSIP: N/A
CIK: N/A
Web: www.coveo.com
Phone: 418 263 1111
Fax: N/A
Employees: 743
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$12.69
High Stock Price Target: C$14.00
Low Stock Price Target: C$7.50
Potential Upside/Downside: +20.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.88
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($0.40)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: 0.09
Net Income: C$-30,690,000.00
Net Margins: -25.71%
Pretax Margin: N/A
Return on Equity: -15.17%
Return on Assets: -7.91%

Debt

Debt-to-Equity Ratio: 5.48
Current Ratio: 2.62
Quick Ratio: 3.14

Sales & Book Value

Annual Sales: C$119.36 million
Price / Sales: 4.56
Cash Flow: C$2.98 per share
Price / Cash Flow: 3.54
Book Value: C$1.77 per share
Price / Book: 5.95

Miscellaneous

Outstanding Shares: 51,620,000
Free Float: N/A
Market Cap: C$544.07 million
Optionable: Not Optionable
Beta: 1.15

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Key Executives

Mr. Louis Tetu B.E. (Age 58)
B.Eng., ICD.D, Chairman & CEO
Comp: $704.04k
Mr. Laurent Simoneau (Age 50)
Co-Founder, President, CTO & Director
Comp: $468.89k
Mr. Nicholas S. Goode
Chief Business Officer
Mr. Tom Melzl
Chief Revenue Officer
Mr. Richard Tessier
Co-Founder & Senior VP of Products
Mr. Marc Sanfacon
Co-Founder & Senior VP of Technology
Mr. Brandon Blair Nussey CPA
CFO & Corporate Secretary
Mr. Dominic Lajoie
Chief Information Officer
Mr. Paul Moon
Head of Investor Relations
Ms. Anne Theriault
VP of Legal & Assistant Secretary

Key Competitors

View All Competitors

CVO Stock Analysis - Frequently Asked Questions

Should I buy or sell Coveo Solutions stock right now?: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coveo Solutions in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CVO shares.
View CVO analyst ratings or view top-rated stocks.
What is Coveo Solutions' stock price target for 2024?: 8 Wall Street analysts have issued 1 year price objectives for Coveo Solutions' stock. Their CVO share price targets range from C$7.50 to C$14.00. On average, they anticipate the company's share price to reach C$12.69 in the next twelve months. This suggests a possible upside of 20.4% from the stock's current price.
View analysts price targets for CVO or view top-rated stocks among Wall Street analysts.
How have CVO shares performed in 2023?: Coveo Solutions' stock was trading at C$9.08 at the beginning of 2023. Since then, CVO stock has increased by 16.1% and is now trading at C$10.54.
View the best growth stocks for 2023 here.
When is Coveo Solutions' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, February 5th 2024.
View our CVO earnings forecast.

How were Coveo Solutions' earnings last quarter?: Coveo Solutions Inc. (TSE:CVO) issued its quarterly earnings results on Monday, November, 6th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by $0.05. The business had revenue of $41.88 million for the quarter, compared to analysts' expectations of $42.10 million. Coveo Solutions had a negative net margin of 25.71% and a negative trailing twelve-month return on equity of 15.17%.
How do I buy shares of Coveo Solutions?: Shares of CVO stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:CVO) was last updated on 11/30/2023 by MarketBeat.com Staff

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Coveo Solutions Stock Price, News & Analysis (TSE:CVO)

Coveo Solutions MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Coveo Solutions Stock (TSE:CVO)

CVO Stock Price History

CVO Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

CVO Stock Analysis - Frequently Asked Questions

Overall MarketRank^™