Pivotree (CVE:PVT) PT Lowered to C$2.50 at Cormark

Pivotree (CVE:PVT) had its target price lowered by Cormark from C$3.50 to C$2.50 in a research report released on Wednesday, BayStreet.CA reports. Cormark also issued estimates for Pivotree’s FY2024 earnings at ($0.28) EPS and FY2025 earnings at ($0.03) EPS.

A number of other research analysts also recently issued reports on PVT. Canaccord Genuity Group raised their price target on shares of Pivotree from C$1.50 to C$1.70 and gave the stock a hold rating in a research report on Monday, May 13th. Paradigm Capital reduced their price target on shares of Pivotree from C$4.25 to C$4.00 and set a buy rating on the stock in a research report on Monday, May 13th. National Bank Financial downgraded shares of Pivotree from a strong-buy rating to a hold rating in a research report on Friday, May 10th. Finally, National Bankshares downgraded shares of Pivotree from an outperform rating to a sector perform rating and reduced their price target for the stock from C$3.00 to C$2.00 in a research report on Monday, May 13th.

Pivotree Trading Up 6.7 %

Pivotree stock opened at C$1.12 on Wednesday. The firm’s 50-day moving average is C$1.25 and its 200-day moving average is C$1.48. 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$1.01 and a 1 year high of C$2.35. The company has a market cap of C$29.47 million, a P/E ratio of -3.73 and a beta of 0.26.

Pivotree Company Profile

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.