Constant Contact SVP Sells $172,144 in Stock (CTCT)
Constant Contact (NASDAQ:CTCT) SVP Christopher Litster sold 5,800 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $29.68, for a total transaction of $172,144.00. Following the completion of the transaction, the senior vice president now directly owns 9,208 shares of the company’s stock, valued at approximately $273,293. The sale was disclosed in a legal filing with the SEC, which is available at this link.
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, June 4th. Separately, analysts at Zacks downgraded shares of Constant Contact from an “outperform” rating to a “neutral” rating in a research note on Monday, June 2nd. They now have a $32.00 price target on the stock. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $31.64.
Shares of Constant Contact (NASDAQ:CTCT) traded up 2.68% on Tuesday, hitting $30.25. 287,418 shares of the company’s stock traded hands. Constant Contact has a 52 week low of $15.41 and a 52 week high of $32.91. The stock’s 50-day moving average is $27.86 and its 200-day moving average is $27.69. The company has a market cap of $949.5 million and a price-to-earnings ratio of 106.35.
Constant Contact (NASDAQ:CTCT) last announced its 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. On average, analysts predict that Constant Contact will post $1.02 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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