Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest update is out from Pivotree ( (TSE:PVT) ).
Pivotree Inc. announced the results of its annual and special meeting of shareholders, where all proposed resolutions were passed, including the election of eight directors and the appointment of BDO Canada LLP as auditor. The company also approved its omnibus equity incentive plan and amended employee share purchase plan. Additionally, Pivotree granted 720,000 stock options to executive officers and 182,735 deferred share units to non-executive officers, aligning with its strategic focus on incentivizing leadership and enhancing shareholder value.
The most recent analyst rating on (TSE:PVT) stock is a Hold with a C$1.25 price target. To see the full list of analyst forecasts on Pivotree stock, see the TSE:PVT Stock Forecast page.
Spark’s Take on TSE:PVT Stock
According to Spark, TipRanks’ AI Analyst, TSE:PVT is a Neutral.
Pivotree’s overall stock score reflects a challenging financial position with declining revenues and negative profitability. However, recent strategic initiatives and improved EBITDA show potential for operational improvement, which is reinforced by stable technical indicators. The negative valuation metrics highlight ongoing challenges in achieving profitability.
To see Spark’s full report on TSE:PVT stock, click here.
More about Pivotree
Pivotree is a leader in frictionless commerce, providing digital commerce, data management, and supply chain solutions for over 150 major retailers and branded manufacturers globally. The company offers a portfolio of digital products, managed, and professional services, delivering end-to-end solutions to businesses of all sizes. Headquartered in Toronto, Canada, Pivotree operates in the Americas, EMEA, and APAC regions, partnering with top brands across various industries.
Average Trading Volume: 12,912
Technical Sentiment Signal: Hold
Current Market Cap: C$32.44M
For detailed information about PVT stock, go to TipRanks’ Stock Analysis page.