Pivotree (CVE:PVT) Price Target Lowered to C$1.00 at Canaccord Genuity Group

Pivotree (CVE:PVT) had its price objective reduced by equities researchers at Canaccord Genuity Group from C$1.25 to C$1.00 in a research note issued on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 7.53% from the company’s previous close.

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

Pivotree Stock Performance

Shares of CVE PVT opened at C$0.93 on Thursday. The company’s fifty day moving average price is C$1.08 and its 200 day moving average price is C$1.25. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.95 and a current ratio of 2.80. Pivotree has a 1 year low of C$0.88 and a 1 year high of C$2.20. The company has a market capitalization of C$24.47 million, a PE ratio of -2.58 and a beta of 0.22.

Pivotree (CVE:PVT) last announced its earnings results on Tuesday, August 13th. The company reported C($0.12) earnings per share (EPS) for the quarter. Pivotree had a negative net margin of 11.79% and a negative return on equity of 17.41%. The business had revenue of C$20.26 million for the quarter, compared to analysts’ expectations of C$20.75 million. On average, research analysts predict that Pivotree will post 0.0800215 earnings per share for the current year.

About Pivotree

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.