Insider Selling: Gail F. Goodman Unloads 5,000 Shares of Constant Contact Stock (CTCT)
Constant Contact (NASDAQ:CTCT) CEO Gail F. Goodman sold 5,000 shares of Constant Contact stock on the open market in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $26.41, for a total transaction of $132,050.00. Following the completion of the sale, the chief executive officer now directly owns 608,357 shares of the company’s stock, valued at approximately $16,066,708. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on CTCT shares. 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 given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $30.05.
Shares of Constant Contact (NASDAQ:CTCT) traded down 0.08% on Thursday, hitting $25.67. The stock had a trading volume of 381,627 shares. 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 posted its quarterly earnings results on Friday, January 31st. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters 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.
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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