inContact Insider Hemant Gosain Sells 5,000 Shares (SAAS)
inContact (NASDAQ:SAAS) Insider Hemant Gosain unloaded 5,000 shares of inContact stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $8.52, for a total value of $42,600.00. Following the sale, the insider now directly owns 9,950 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Benchmark Co. downgraded shares of inContact (NASDAQ:SAAS) from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 9th. They now have a $9.00 price target on the stock, down previously from $10.00.
Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. inContact presently has a consensus rating of “Buy” and a consensus target price of $9.20.
inContact (NASDAQ:SAAS) traded up 2.22% during mid-day trading on Friday, hitting $8.76. 169,340 shares of the company’s stock traded hands. inContact has a one year low of $4.74 and a one year high of $9.77. The stock has a 50-day moving average of $8.56 and a 200-day moving average of $7.98. The company’s market cap is $478.8 million.
inContact (NASDAQ:SAAS) last announced its earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.04) by $0.01. The company had revenue of $31.10 million for the quarter, compared to the consensus estimate of $32.30 million. During the same quarter last year, the company posted ($0.04) earnings per share. inContact’s revenue was up 19.2% compared to the same quarter last year. Analysts expect that inContact will post $-0.13 EPS for the current fiscal year.
inContact, Inc (NASDAQ:SAAS) is a provider of cloud-based contact center solutions.
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