Canaccord Genuity Group Has Lowered Expectations for Pivotree (CVE:PVT) Stock Price

by · The Cerbat Gem

Pivotree (CVE:PVT – Get Free Report) had its price objective dropped by research analysts at Canaccord Genuity Group from C$1.25 to C$1.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s price objective points to a potential upside of 11.11% from the stock’s current price.

Separately, Cormark decreased their price target on Pivotree from C$3.50 to C$2.50 in a report on Wednesday, August 14th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$2.38.

View Our Latest Stock Report on Pivotree

Pivotree Stock Down 10.0 %

Shares of PVT stock traded down C$0.10 during mid-day trading on Thursday, hitting C$0.90. 45,925 shares of the stock traded hands, compared to its average volume of 7,694. The stock has a market cap of C$23.68 million, a P/E ratio of -2.50 and a beta of 0.22. Pivotree has a 52-week low of C$0.90 and a 52-week high of C$2.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.80 and a quick ratio of 1.95. The stock’s fifty day moving average is C$1.10 and its two-hundred day moving average is C$1.26.

Pivotree (CVE:PVT – Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C($0.12) EPS for the quarter. Pivotree had a negative return on equity of 17.41% and a negative net margin of 11.79%. The firm had revenue of C$20.26 million for the quarter, compared to analyst estimates of C$20.75 million. Equities analysts predict that Pivotree will post 0.0800215 EPS for the current year.

About Pivotree

(Get Free Report)

Pivotree Inc designs, integrates, deploys, and manages digital platforms in commerce, data management, and supply chain for retail and branded manufacturers in Canada and internationally. The company offers infrastructure deployment, data transaction, subscription license, system and application triage and support, configuration management, and security services, as well as provides web and application hosting services.

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