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) remained flat at $5.38 during mid-day trading on Tuesday. The stock’s 50 day moving average is $5.28 and its 200-day moving average is $4.48. Cnova NV has a one year low of $2.02 and a one year high of $5.40. The firm’s market cap is $2.37 billion.
Cnova NV (NASDAQ:CNV) last posted its earnings results on Tuesday, July 26th. The company reported ($0.19) EPS for the quarter, missing the 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%. On average, equities research analysts expect that Cnova NV will post ($0.24) EPS for the current fiscal year.
A number of large investors have recently modified their holdings of CNV. FMR LLC increased its stake 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 worth $8,562,000 after buying an additional 79,160 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Cnova NV during the second quarter worth about $418,000. Boussard & Gavaudan Investment Management LLP increased its stake 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 worth $9,153,000 after buying an additional 1,062,702 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake 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 worth $531,000 after buying an additional 8,229 shares in the last quarter. 1.97% of the stock is currently 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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