Credit Suisse initiated coverage on Cvent with a new price target
$CVT
Computer Software: Prepackaged Software
Technology
Credit Suisse initiated coverage of Cvent with a rating of Outperform and set a new price target of $8.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/23/2022 | $8.00 | Outperform | Credit Suisse |
| 6/17/2022 | $5.50 | Equal-Weight | Morgan Stanley |
| 3/8/2022 | $11.00 | Buy | Colliers Securities |
| 2/9/2022 | $8.00 | Neutral | JP Morgan |
| 1/10/2022 | $9.00 | Neutral | Citigroup |
| 1/10/2022 | Outperform | William Blair | |
| 1/10/2022 | $11.00 | Buy | Needham |
Cvent, an industry-leading meetings, events, and hospitality technology provider, is proud to collaborate with the NYU School of Professional Studies (NYU SPS) Jonathan M. Tisch Center of Hospitality. As part of the Tisch Center's Hospitality Innovation Hub Experiential Learning Lab (HI Hub Lab), the engagement aims to provide students with real-world experience in the events industry, through access to Cvent's innovative technology and industry recognized Cvent Certification and training opportunities. In addition, Cvent CEO & Founder, Reggie Aggarwal, will join the 45th Annual NYU International Hospitality Industry Investment Conference today, June 5th, as an expert panelist alongside s
Latest research from GBTA and Cvent explores the critical and evolving role of travel managers including reshaped responsibilities, compensation insights, DE&I advances, and career satisfaction Like most of us, corporate travel managers can divide their careers into two distinct eras: before COVID and after COVID. And like most professions, the ongoing adjustments for travel managers to their responsibilities, compensation, and job satisfaction reflect an industry that's ripe for change while still adhering to some past truths. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230601005312/en/ This is according to a new report –
Innovative new offering leverages cutting-edge generative AI technology to help event professionals quickly create high-quality content Cvent, an industry-leading meetings, events, and hospitality technology provider, has announced the launch of its AI Writing Assistant. This innovative tool, incorporated directly within the Cvent platform, leverages the power of generative AI to streamline the content creation process, helping event professionals and marketers produce on-brand, engaging event content in a fraction of the time. The AI Writing Assistant expands Cvent's growing suite of AI-powered products, which includes session and attendee recommendations. Cvent's AI Writing Assistant
4 - CVENT HOLDING CORP. (0001827075) (Issuer)
4 - CVENT HOLDING CORP. (0001827075) (Issuer)
4 - CVENT HOLDING CORP. (0001827075) (Issuer)
Credit Suisse initiated coverage of Cvent with a rating of Outperform and set a new price target of $8.00
Morgan Stanley initiated coverage of Cvent with a rating of Equal-Weight and set a new price target of $5.50
Colliers Securities initiated coverage of Cvent with a rating of Buy and set a new price target of $11.00
SC 13D/A - CVENT HOLDING CORP. (0001827075) (Subject)
SC 13D/A - CVENT HOLDING CORP. (0001827075) (Subject)
SC 13D/A - CVENT HOLDING CORP. (0001827075) (Subject)
15-12G - CVENT HOLDING CORP. (0001827075) (Filer)
8-K/A - CVENT HOLDING CORP. (0001827075) (Filer)
EFFECT - CVENT HOLDING CORP. (0001827075) (Filer)
Revenue Increases 21.0% Year-over-Year Cvent Holding Corp. ("Cvent") (NASDAQ:CVT), an industry-leading meetings, events and hospitality technology provider, today announced financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Highlights Revenue Total revenue was $166.2 million for the first quarter of 2023, an increase of 21.0% from the comparable period in 2022. Event Cloud revenue was $114.7 million for the first quarter of 2023, an increase of 20.7% from the comparable period in 2022. Hospitality Cloud revenue was $51.5 million for the first quarter of 2023, an increase of 21.6% from the comparable period in 2022. Net Loss and Adjus
Revenue Exceeds High End of Guidance Full Year Revenue Grows 21.5% Cvent Holding Corp. ("Cvent") (NASDAQ:CVT), an industry-leading meetings, events and hospitality technology provider, today announced financial results for the fourth quarter and full fiscal year ended December 31, 2022. Fourth Quarter 2022 Financial Highlights Revenue Total revenue was $170.9 million for the fourth quarter of 2022, an increase of 18.2% from the comparable period in 2021, and $0.6 million higher than the high end of our guidance. Event Cloud revenue was $120.6 million for the fourth quarter of 2022, an increase of 17.2% from the comparable period in 2021. Hospitality Cloud revenue was $50.3 million
Revenue Exceeds High End of Guidance Fiscal Year 2022 Revenue Guidance Increased Due to Solid Third Quarter Revenue Cvent Holding Corp. ("Cvent") (NASDAQ:CVT), a market-leading meetings, events and hospitality technology provider, today announced financial results for the third quarter ended September 30, 2022. "Momentum in the meetings and events industry continued in the third quarter of 2022, especially for in-person events. Organizations increasingly seek a comprehensive platform that can manage events of all formats and types, which helped drive our positive financial results in Q3," said Reggie Aggarwal, CEO & Founder of Cvent. "We believe the versatility of our platform across in-
Benzinga Pro data, Cvent Holding (NASDAQ:CVT) reported Q1 sales of $166.21 million. Earnings fell to a loss of $32.64 million, resulting in a 70.49% decrease from last quarter. In Q4, Cvent Holding brought in $170.92 million in sales but lost $19.15 million in earnings. What Is Return On Capital Employed? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q1, Cvent Holding posted an ROCE
Cvent Holding (NASDAQ:CVT) reported quarterly losses of $(0.07) per share which missed the analyst consensus estimate of $0.03 by 333.33 percent. This is unchanged from the same period last year. The company reported quarterly sales of $166.20 million which beat the analyst consensus estimate of $162.40 million by 2.34 percent. This is a 21.00 percent increase over sales of $137.36 million the same period last year.
Citigroup analyst Tyler Radke maintains Cvent Holding (NASDAQ:CVT) with a Neutral and raises the price target from $6 to $8.5.