Constant Contact Inc. Hits New 52-Week High at $24.00 (CTCT)
Shares of Constant Contact (NASDAQ:CTCT) hit a new 52-week high on Friday, Analyst Ratings Network reports. The company traded as high as $24.00 and last traded at $23.98, with a volume of 249,812 shares trading hands. The stock had previously closed at $23.32.
A number of analysts have recently weighed in on CTCT shares. Analysts at Robert W. Baird raised their price target on shares of Constant Contact (NASDAQ:CTCT) from $18.00 to $23.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Janney Montgomery Scott upgraded shares of Constant Contact (NASDAQ:CTCT) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 12th. They now have a $25.00 price target on the stock, up previously from $18.00. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Constant Contact presently has an average rating of “Hold” and an average price target of $20.91.
Constant Contact has a 1-year low of $11.50 and a 1-year high of $23.35. The stock has a 50-day moving average of $19.73 and a 200-day moving average of $16.33. The company has a market cap of $736.0 million and a P/E ratio of 57.30.
Constant Contact (NASDAQ:CTCT) last announced its earnings results on Thursday, July 25th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, analysts predict that Constant Contact will post $0.67 earnings per share for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.