In a report released yesterday, Anne Samuel from J.P. Morgan maintained a Hold rating on Convey Holding Parent (CNVY – Research Report), with a price target of $10.50. The company’s shares closed last Tuesday at $10.30.
According to TipRanks.com, Samuel is a 4-star analyst with an average return of 16.5% and a 44.4% success rate. Samuel covers the Technology sector, focusing on stocks such as Definitive Healthcare Corp, Health Catalyst, and Signify Health.
Currently, the analyst consensus on Convey Holding Parent is a Hold with an average price target of $9.83, which is a -4.6% downside from current levels. In a report released yesterday, Canaccord Genuity also downgraded the stock to Hold.
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Based on Convey Holding Parent’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $96.71 million and GAAP net loss of $1.15 million. In comparison, last year the company earned revenue of $82.63 million and had a GAAP net loss of $934K.
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Convey Holding Parent Inc is a healthcare platform that utilizes technology and processes to improve government-sponsored health plans, including Medicare Advantage. It operates in two segments: Technology-Enabled Solutions, in which it provides technology and support solutions to clients, and Advisory Services, in which it provides project-based consulting services through its long-tenured subject matter experts.
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