Share on StockTwits

Shares of Constant Contact (NASDAQ:CTCT) were the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 1,680,765 shares, an increase of 35.2% from the April 30th total of 1,242,763 shares, Stock Ratings reports. Based on an average daily volume of 633,411 shares, the days-to-cover ratio is presently 2.7 days. Approximately 5.5% of the company’s shares are short sold.

A number of research firms have recently commented on CTCT. Analysts at TheStreet upgraded shares of Constant Contact from a “hold” rating to a “buy” rating in a research note on Wednesday. Separately, analysts at Zacks downgraded shares of Constant Contact from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $32.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $31.64.

Constant Contact (NASDAQ:CTCT) opened at 28.56 on Thursday. Constant Contact has a 52 week low of $15.41 and a 52 week high of $32.91. The stock has a 50-day moving average of $27.64 and a 200-day moving average of $27.64. The company has a market cap of $896.5 million and a price-to-earnings ratio of 103.25.

Constant Contact (NASDAQ:CTCT) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.03. The company had revenue of $78.90 million for the quarter, compared to the consensus estimate of $78.60 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. Analysts expect that Constant Contact will post $1.02 EPS 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.