Connecture (CNXR) EPS Estimated At $-0.19; Powershares QQQ (QQQ) Shorts Up By 1.84%

October 2, 2017 - By Adrian Mccoy

Powershares QQQ (NASDAQ:QQQ) had an increase of 1.84% in short interest. QQQ’s SI was 68.21M shares in October as released by FINRA. Its up 1.84% from 66.98 million shares previously. With 36.53 million avg volume, 2 days are for Powershares QQQ (NASDAQ:QQQ)’s short sellers to cover QQQ’s short positions. About 1.59M shares traded. PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) has risen 30.89% since October 2, 2016 and is uptrending. It has outperformed by 14.19% the S&P500.

Analysts expect Connecture Inc (NASDAQ:CNXR) to report $-0.19 EPS on November, 6.They anticipate $0.01 EPS change or 5.56% from last quarter’s $-0.18 EPS. After having $-0.30 EPS previously, Connecture Inc’s analysts see -36.67% EPS growth. About 20 shares traded. Connecture Inc (NASDAQ:CNXR) has declined 37.31% since October 2, 2016 and is downtrending. It has underperformed by 54.01% the S&P500.

Among 3 analysts covering Connecture Inc (NASDAQ:CNXR), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Connecture Inc had 4 analyst reports since November 17, 2015 according to SRatingsIntel. On Tuesday, August 9 the stock rating was downgraded by Raymond James to “Market Perform”. JP Morgan initiated Connecture Inc (NASDAQ:CNXR) on Tuesday, November 17 with “Neutral” rating. The stock of Connecture Inc (NASDAQ:CNXR) has “Equal-Weight” rating given on Tuesday, August 9 by Morgan Stanley.

Connecture, Inc. provides a Web-based consumer shopping, enrollment and retention platform for health insurance distribution. The company has market cap of $15.50 million. The Firm caters its services to health insurance marketplace operators, such as health plans, brokers and exchange operators. It currently has negative earnings. It operates through four divisions: Enterprise/Commercial, Enterprise/State, Medicare and Private Exchange.

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The ETF has market cap of $52.59 billion. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. It currently has negative earnings. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

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