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Stock analysts at Dougherty & Co lifted their price objective on shares of Constant Contact (NASDAQ:CTCT) from $13.00 to $22.00 in a report issued on Friday, AnalystRatings.Net reports. The firm currently has a “sell” rating on the stock. Dougherty & Co’s price target indicates a potential downside of 29.15% from the company’s current price.

A number of other firms have also recently commented on CTCT. Analysts at Needham & Company raised their price target on shares of Constant Contact to $39.00 in a research note to investors on Friday. Separately, analysts at BMO Capital Markets raised their price target on shares of Constant Contact from $22.00 to $28.00 in a research note to investors on Friday. Finally, analysts at Zacks upgraded shares of Constant Contact from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $33.60 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $30.05.

Shares of Constant Contact (NASDAQ:CTCT) traded down 8.60% during mid-day trading on Friday, hitting $28.38. The stock had a trading volume of 313,666 shares. Constant Contact has a 1-year low of $11.75 and a 1-year high of $32.91. The stock has a 50-day moving average of $29.85 and a 200-day moving average of $24.18. The company has a market cap of $870.2 million and a P/E ratio of 103.85.

Constant Contact (NASDAQ:CTCT) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.03. The company had revenue of $74.90 million for the quarter, compared to the consensus estimate of $74.89 million. On average, analysts predict that Constant Contact will post $0.73 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.

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