Constant Contact SVP Unloads $75,000 in Stock (CTCT)
Constant Contact (NASDAQ:CTCT) SVP Ellen Brezniak sold 2,500 shares of Constant Contact stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $30.00, for a total value of $75,000.00. Following the completion of the sale, the senior vice president now directly owns 8,403 shares in the company, valued at approximately $252,090. 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 up 2.68% during mid-day trading on Tuesday, hitting $30.25. 287,418 shares of the company’s stock traded hands. Constant Contact has a 1-year low of $15.41 and a 1-year high of $32.91. The stock has a 50-day moving average of $27.86 and a 200-day moving average of $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 issued its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter 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.
A number of analysts have recently weighed in on CTCT shares. 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 equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $31.64.
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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