IPO Year: 1987
Exchange: NASDAQ
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 |
4 - CVENT HOLDING CORP. (0001827075) (Issuer)
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4 - CVENT HOLDING CORP. (0001827075) (Issuer)
4 - CVENT HOLDING CORP. (0001827075) (Issuer)
4 - CVENT HOLDING CORP. (0001827075) (Issuer)
4 - CVENT HOLDING CORP. (0001827075) (Issuer)
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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
The highly anticipated annual Top Lists, published for the first time since the pandemic, spotlight top performing group business hotels and sought after meeting destinations Cvent, an industry-leading meetings, events, and hospitality technology provider, today released its lists of the Top Meeting Destinations and Top Meeting Hotels for meetings and events worldwide. These lists – which are broken out regionally by North America, Europe, Asia Pacific, and the Middle East & Africa – were compiled based on sourcing activity through the Cvent Supplier Network, one of the world's largest venue-sourcing platforms. This is the first time Cvent has published the annual lists since the COVID-19
Cvent, an industry leading meetings, events, and hospitality technology provider, is helping to advance accessibility for the event industry by completing Voluntary Product Accessibility Templates (VPAT®) for several of its event management solutions. VPATs contain details about the accessibility features of a product or technology and are considered the industry standard for customers and stakeholders looking to prioritize solutions that meet the highest levels of accessibility compliance. "Events, at their core, are all about bringing people together, but this is only possible when the experience (and supporting technology) are accessible to all," said David Quattrone, Cvent Co-Founde
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
This year's virtual event, featuring keynote speakers, hospitality executive Bart Berkey and seven-time Paralympic medalist Dan Cnossen, helps corporate travel buyers, procurement leaders, and travel executives make the most of their travel programs Cvent, a market-leading meetings, events, travel, and hospitality technology provider, will host its third annual Cvent Travel Summit on Wednesday, April 19th. The complimentary virtual event, hosted on the Cvent Attendee Hub, is curated for travel executives, global corporate travel buyers, travel management companies (TMC), and hoteliers looking to maximize the impact of their travel programs. This year's content is sponsored by the Travel a
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
Purchase Price of $8.50 Per Share Represents a 52% Premium Over 90-day VWAP of Unaffected Share Price Cvent Holding Corp. ("Cvent") (NASDAQ:CVT), an industry-leading meetings, events and hospitality technology provider, today announced that it has entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone ("Blackstone") in a transaction valued at an enterprise value of approximately $4.6 billion. Under the terms of the agreement, Cvent stockholders will receive $8.50 per share in cash, representing a premium of 52 percent to the volume weighted average share price over the 90 days prior to January 30, 2023 – the day before media report
Recognition highlights Cvent's best-in-class technology to support the event marketing and management needs of organizations of all types and sizes, as well as the Company's continued dedication to customer satisfaction. Cvent, a market-leading meetings, events, and hospitality technology provider, today announced it has been named to six G2 2023 Best Software Awards lists, including: Top 100 Software Products, 50 Best Marketing & Digital Advertising Products, Top 100 Highest Satisfaction Products, Top 50 Products for Enterprise, Top 50 Products for Mid-Market, and Top 50 Products for Small Business. This is the fourth time Cvent received a G2 Best Software Award. As the world's largest an
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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
JP Morgan initiated coverage of Cvent with a rating of Neutral and set a new price target of $8.00
Citigroup initiated coverage of Cvent with a rating of Neutral and set a new price target of $9.00
William Blair initiated coverage of Cvent Holding with a rating of Outperform
Needham initiated coverage of Cvent Holding with a rating of Buy and set a new price target of $11.00
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-
Cvent (NASDAQ:CVT), a market-leading meetings, events, and hospitality technology provider, today announced that it will release its third quarter 2022 financial results on Thursday, November 3, 2022, after market close. On that day, management will hold a conference call and webcast at 5:00 p.m. ET to review and discuss its results. To listen to the audio webcast of the live conference call, please visit https://events.q4inc.com/attendee/971255067. The live conference call can also be accessed by dialing the following: 1-888-440-5667 (Domestic) 1-646-960-0476 (International) Conference ID: 7981326 A webcast replay of the call will be available at https://investors.cvent.com/ after the c
31% Year-over-Year Revenue Growth Underscores Strength of Cvent's All-In-One Platform Highest Quarterly Revenue in Company History as Industry Continues to Recover and Evolve Strong Balance Sheet Positions Company for Continued Growth and Expansion Cvent Holding Corp. ("Cvent") (NASDAQ:CVT), a market-leading meetings, events and hospitality technology provider, today announced financial results for the second quarter ended June 30, 2022. "Our strong second quarter growth was driven by a healthier and more dynamic events industry, where in-person events are quickly returning and interest in virtual events continues," said Reggie Aggarwal, CEO & Founder of Cvent. "In this more complex eve
Cvent (NASDAQ:CVT), a market-leading meetings, events, and hospitality technology provider, today announced that it will release its second quarter 2022 financial results on Thursday, August 4, 2022, after market close. On that day, management will hold a conference call and webcast at 5:00 p.m. ET to review and discuss its results. To listen to the audio webcast of the live conference call, please visit https://events.q4inc.com/attendee/730463585. The live conference call can also be accessed by dialing the following: 1-888-440-5667 (Domestic) 1-646-960-0476 (International) Conference ID: 7981326 A webcast replay of the call will be available at https://investors.cvent.com/ after the co
Revenue Exceeds High End of Guidance by 2.9% Fiscal Year 2022 Revenue Guidance Increased Q1 growth reflects the increasing value the Cvent platform delivers as organizations return to in-person, while continuing to leverage virtual and hybrid experiences to drive overall event program impact Cvent Holding Corp. ("Cvent") (NASDAQ:CVT), a market-leading meetings, events and hospitality technology provider, today announced financial results for the first quarter ended March 31, 2022. "In-person events continued to recover while virtual and hybrid events remained core to our revenue growth in the first quarter," said Reggie Aggarwal, CEO & Founder of Cvent. "Our market position has been b
Cvent (NASDAQ:CVT), a market-leading meetings, events, and hospitality technology provider, today announced that it will release its first quarter 2022 financial results on Monday, May 9, 2022, after market close. On that day, management will hold a conference call and webcast at 5:00 p.m. ET to review and discuss its results. To listen to the audio webcast of the live conference call, please visit https://events.q4inc.com/attendee/756293519. The live conference call can also be accessed by dialing the following: 1-888-440-5667 (Domestic) 1-646-960-0476 (International) Conference ID: 7981326 A webcast replay of the call will be available at https://investors.cvent.com/ after the conclusi
Fourth Quarter 2021 Revenue of $144.7 Million Grows 25.3% Year-Over-Year Reaffirms Fiscal Year 2022 Revenue Guidance of $622.6M Increases Fiscal Year 2022 Adjusted EBITDA Margin Guidance to 16.9% Cvent Holding Corp. ("Cvent") (NASDAQ:CVT), a market-leading meetings, events and hospitality technology provider, today announced financial results for the fourth quarter and full fiscal year ended December 31, 2021. "Cvent's strong performance in 2021 highlights our ability to grow revenue in an increasingly dynamic and digitized meetings and events environment that includes in-person, virtual and hybrid events," said Reggie Aggarwal, Cvent CEO & Founder. "Our consistent momentum enabled us t
Cvent (NASDAQ:CVT), a market-leading meetings, events, and hospitality technology provider, today announced that it will release its fourth quarter and fiscal year 2021 financial results on Thursday, March 3, 2022, after market close. On that day, management will hold a conference call and webcast at 5:00 p.m. ET to review and discuss its results. To listen to the audio webcast of the live conference call, please visit https://investors.cvent.com/. The live conference call can also be accessed by dialing the following: 1-888-440-5667 (Domestic) 1-646-960-0476 (International) Conference ID: 7981326 A webcast replay of the call will be available at https://investors.cvent.com/ after the co
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.
The most overbought stocks in the information technology sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the href="https://www.benzinga.com/topic/rsi"> RSI is above 70. Here’s the latest list of major overbought players in this sector. eMagin Corporation (NYSE:EMAN) eMagin reported fourth-quarter FY22 revenue growth of 17% year-on-year to $8.39 million. “W
The most overbought stocks in the information technology sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Insight Enterprises, Inc. (NASDAQ:NSIT) Insight Enterprises reported better-than-expected Q4 adjusted EPS. "It is my pleasure to report that we ended 2022 with an ou
Needham analyst Scott Berg downgrades Cvent Holding (NASDAQ:CVT) from Buy to Hold.
Gainers Ainos, Inc. (NASDAQ:AIMD) shares jumped 69.3% to $1.27 after the company announced it signed a Memorandum of Understanding with Merdury Biopharmaceutical to jointly explore and develop a strategic business relationship. First Republic Bank (NYSE:FRC) surged 45% to $45.24 as part of what appears to be a relief rally in the financial sector as several bank names bounce back after facing heavy selling pressure over the last few trading sessions. PacWest Bancorp (NASDAQ:PACW) shares jumped 44.7% to $14.11 after multiple insider buys by Officers, Directors reported late Monday. Several bank names bounced back after facing heavy selling pressure over the last few trading sessions. M
U.S. stocks traded higher, with the Nasdaq Composite gaining more than 200 points on Tuesday. Here are some big stocks recording gains in today’s session. First Republic Bank (NYSE:FRC) gained 45% to $45.24 as part of what appears to be a relief rally in the financial sector as several bank names bounce back after facing heavy selling pressure over the last few trading sessions. PacWest Bancorp (NASDAQ:PACW) shares gained 44.7% to $14.11 after multiple insider buys by Officers, Directors reported late Monday. Several bank names bounced back after facing heavy selling pressure over the last few trading sessions. Multiple insider buys by Officers, Directors reported late Monday. Western
Blackstone Inc (NYSE:BX) affiliates agreed to acquire Cvent Holding Corp (NASDAQ:CVT) in a transaction worth approximately $4.6 billion enterprise value. Cvent stockholders will receive $8.50 per share in cash, representing a premium of 29.4% to Jan. 30, 2023, closing price of $6.57, the day before media published reports of a potential transaction. A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will be a significant minority investor alongside Blackstone. Vista Equity Partners, a global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses and majority stockholder of Cvent, has agreed to invest a portion of its pro