Constant Contact VP Robert P. Nault Sells 8,000 Shares (CTCT)
Constant Contact (NASDAQ:CTCT) VP Robert P. Nault unloaded 8,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $26.14, for a total value of $209,120.00. Following the sale, the vice president now directly owns 4,196 shares in the company, valued at approximately $109,683. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Constant Contact (NASDAQ:CTCT) traded down 0.08% on Thursday, hitting $25.67. 381,627 shares of the company’s stock traded hands. Constant Contact has a 52 week low of $11.75 and a 52 week high of $32.91. The stock has a 50-day moving average of $29.7 and a 200-day moving average of $24.50. The company has a market cap of $793.2 million and a price-to-earnings ratio of 111.70.
Constant Contact (NASDAQ:CTCT) last issued its quarterly earnings data 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 $0.96 earnings per share for the current fiscal year.
A number of research firms have recently commented on CTCT. Analysts at Dougherty & Co raised their price target on shares of Constant Contact from $13.00 to $22.00 in a research note to investors on Friday, January 31st. They now have a “sell” rating on the stock. Separately, analysts at Needham & Company raised their price target on shares of Constant Contact to $39.00 in a research note to investors on Friday, January 31st. Finally, 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, January 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $30.05.
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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