Constant Contact Upgraded to Buy by Janney Montgomery Scott (CTCT)
Constant Contact (NASDAQ:CTCT) was upgraded by analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.
CTCT has been the subject of a number of other recent research reports. Analysts at Lazard Capital Markets upgraded shares of Constant Contact (NASDAQ:CTCT) from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, August 13th. Separately, analysts at Oppenheimer raised their price target on shares of Constant Contact (NASDAQ:CTCT) from $18.00 to $22.00 in a research note to investors on Friday, July 26th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks downgraded shares of Constant Contact (NASDAQ:CTCT) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, July 8th. They now have a $18.30 price target on the stock.
One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $19.88.
Shares of Constant Contact (NASDAQ:CTCT) opened at 20.80 on Thursday. Constant Contact has a one year low of $11.50 and a one year high of $20.98. The stock’s 50-day moving average is $18.71 and its 200-day moving average is $15.72. The company has a market cap of $638.1 million and a P/E ratio of 51.11.
Constant Contact (NASDAQ:CTCT) last released its earnings data on Thursday, July 25th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.02. The company had revenue of $70.20 million for the quarter, compared to the consensus estimate of $70.12 million. During the same quarter last year, the company posted $0.11 earnings per share. Constant Contact’s revenue was up 13.0% compared to the same quarter last year. On average, analysts predict that Constant Contact will post $0.67 earnings per share for the current fiscal year.
In other Constant Contact news, VP Robert P. Nault sold 6,000 shares of the stock on the open market in a transaction dated Thursday, September 5th. The shares were sold at an average price of $20.00, for a total value of $120,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Constant Contact, Inc (NASDAQ:CTCT) is a provider of on-demand engagement marketing tools that are designed for small organizations, including small businesses, associations and non-profits.
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