Constant Contact CFO Unloads $93,000 in Stock (CTCT)
Constant Contact (NASDAQ:CTCT) CFO Harpreet Grewal sold 3,000 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $31.00, for a total value of $93,000.00. Following the sale, the chief financial officer now directly owns 6,661 shares in the company, valued at approximately $206,491. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Constant Contact (NASDAQ:CTCT) traded up 0.62% during mid-day trading on Thursday, hitting $30.72. 506,649 shares of the company’s stock traded hands. Constant Contact has a one year low of $15.97 and a one year high of $32.91. The stock’s 50-day moving average is $29.17 and its 200-day moving average is $27.98. The company has a market cap of $964.3 million and a price-to-earnings ratio of 110.22.
Constant Contact (NASDAQ:CTCT) last posted its quarterly earnings results 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. On average, analysts predict that Constant Contact will post $1.02 EPS for the current fiscal year.
CTCT has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus 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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