ValuEngine Lowers ConvergeOne (CVON) to Hold

ValuEngine downgraded shares of ConvergeOne (NASDAQ:CVON) from a buy rating to a hold rating in a research note released on Wednesday morning.

A number of other equities analysts also recently weighed in on the company. BTIG Research assumed coverage on ConvergeOne in a research report on Wednesday, March 21st. They set a buy rating and a $12.00 price target on the stock. William Blair assumed coverage on ConvergeOne in a research report on Monday, March 19th. They set an outperform rating on the stock. Finally, Needham & Company LLC assumed coverage on ConvergeOne in a research report on Monday, March 19th. They set a buy rating and a $12.00 price target on the stock.

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Shares of NASDAQ CVON opened at $9.24 on Wednesday. ConvergeOne has a twelve month low of $7.95 and a twelve month high of $10.83.

In other news, Director Richard Katzman bought 125,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were bought at an average price of $8.00 per share, with a total value of $1,000,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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About ConvergeOne

Forum Merger Corporation is a blank check company. The Company focuses on acquiring, through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, recapitalization, exchangeable share transaction or other similar business transaction, one or more businesses or assets that it has not yet identified.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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