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

Pivotree (CVE:PVT) had its price target reduced by Canaccord Genuity Group from C$1.25 to C$1.00 in a report issued on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 11.11% from the company’s previous close.

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

Pivotree Trading Down 10.0 %

Shares of CVE PVT traded down C$0.10 during midday trading on Thursday, reaching C$0.90. The company had a trading volume of 45,925 shares, compared to its average volume of 7,694. The firm’s fifty day moving average price is C$1.10 and its 200-day moving average price is C$1.26. Pivotree has a one year low of C$0.90 and a one year high of C$2.20. The company has a quick ratio of 1.95, a current ratio of 2.80 and a debt-to-equity ratio of 0.73. The stock has a market cap of C$23.68 million, a PE ratio of -2.50 and a beta of 0.22.

Pivotree (CVE:PVT) last posted its earnings results on Tuesday, August 13th. The company reported C($0.12) earnings per share for the quarter. The firm had revenue of C$20.26 million for the quarter, compared to analysts’ expectations of C$20.75 million. Pivotree had a negative return on equity of 17.41% and a negative net margin of 11.79%. On average, equities research analysts anticipate 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.