Cnova NV (NASDAQ:CNV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “Cnova NV operates as an e-commerce company. The Company’s product lines include appliances, customer electronics, computers, home furnishings, leisure, and personal goods. Its brands include sites Extra.com.br, Pontofrio.com, Casasbahia.com.br., Comptoirsante.com, Moncornerdeco.com, Monshowroom.com and Barateiro.com.br. Cnova also offers B2B solutions, such as eHub, an e-commerce platform solution for third parties. The Company offers its services through direct sales and marketplaces. It has operations in Brazil, France, Colombia, Ecuador, Thailand, Vietnam, Ivory Coast, Belgium and Senegal. Cnova, N.V. is based in Eindhoven, the Netherlands. “
Shares of Cnova NV (NASDAQ:CNV) opened at 5.37 on Tuesday. The company’s market capitalization is $2.37 billion. The company has a 50-day moving average of $5.29 and a 200 day moving average of $4.49. Cnova NV has a 52-week low of $2.02 and a 52-week high of $5.40.
Cnova NV (NASDAQ:CNV) last issued its quarterly earnings data on Tuesday, July 26th. The company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.14. Cnova NV had a negative net margin of 11.39% and a negative return on equity of 212.82%. Analysts predict that Cnova NV will post ($0.24) earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in shares of Cnova NV during the second quarter valued at approximately $418,000. Geode Capital Management LLC boosted its position in shares of Cnova NV by 4.9% in the first quarter. Geode Capital Management LLC now owns 177,102 shares of the company’s stock valued at $531,000 after buying an additional 8,229 shares during the period. FMR LLC boosted its position in shares of Cnova NV by 4.8% in the second quarter. FMR LLC now owns 1,729,633 shares of the company’s stock valued at $8,562,000 after buying an additional 79,160 shares during the period. Finally, Boussard & Gavaudan Investment Management LLP boosted its position in shares of Cnova NV by 138.4% in the second quarter. Boussard & Gavaudan Investment Management LLP now owns 1,830,594 shares of the company’s stock valued at $9,153,000 after buying an additional 1,062,702 shares during the period. 1.97% of the stock is owned by institutional investors and hedge funds.
Cnova NV Company Profile
Cnova N.V. is an e-commerce company with operations in Europe, Latin America, Asia and Africa. The Company operates in two segments: Cdiscount and Cnova Brazil. Cdiscount segment consists of amounts earned from retail sales of consumer products through Cdiscount.com and monshowroom.com Websites in France and other Websites created by Cdiscount outside of France.
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