CVENT (NYSE:CVT) Analyst Rating Consensus

CVENT (NYSE:CVT) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.26 by 5 Brokerage Firm. 4 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, JMP Securities downgrades its outlook on CVENT (NYSE:CVT). The current rating of the shares is Market Perform, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on May 9, 2016.

CVENT (NYSE:CVT): According to 4 Analysts, The short term target price has been estimated at $ 33.75.The target price could deviate by a maximum of $5.19 from the forecast price. In the near term, the target price could hit a high of $40 and a low of $ 29.

CVENT (NYSE:CVT) witnessed a decline in the market cap on Tuesday as its shares dropped 0.03% or 0.01 points. After the session commenced at $35.82, the stock reached the higher end at $35.83 while it hit a low of $35.75. With the volume soaring to 904,329 shares, the last trade was called at $35.78. The company has a 52-week high of $37.25. The company has a market cap of $1,510 million and there are 42,197,390 shares in outstanding. The 52-week low of the share price is $17.85.

Shares of Cvent, Inc. rose by 0.25% in the last five trading days and 0.08% for the last 4 weeks. Cvent, Inc. is up 66.65% in the last 3-month period. Year-to-Date the stock performance stands at 2.49%.

Cvent, Inc. is a cloud-based enterprise event management platform. The Company provides solutions for both sides of the events and meetings value chain, such as event and meeting planners, and hotels and venues. The Companys integrated, cloud-based solution is used in the entire event lifecycle by allowing event and meeting planners to organize, market and manage their meetings, conferences, tradeshows and other events. Its hospitality cloud provides hotels and venues with a solution suite to generate, manage and measure their demand for group meetings. For the event and meeting planner side of the value chain, which includes corporations, associations, not-for-profits, Government agencies and universities, and events and meetings? It offers six product categories, which include event management software, enterprise solutions software, mobile event apps, pre- and post-event feedback management software, ticketing software and the Hospitality Cloud, which includes CSN.

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