inContact Inc. (NASDAQ:SAAS) Given Consensus Rating of “Hold” by Analysts
Shares of inContact Inc. (NASDAQ:SAAS) have been given an average recommendation of “Hold” by the nine research firms that are currently covering the firm. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $13.40.
Separately, Zacks Investment Research raised shares of inContact from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Group LTD boosted its position in inContact by 63.5% in the first quarter. BlackRock Group LTD now owns 20,847 shares of the company’s stock valued at $185,000 after buying an additional 8,097 shares during the last quarter. State Street Corp boosted its position in inContact by 3.2% in the first quarter. State Street Corp now owns 1,022,894 shares of the company’s stock valued at $9,095,000 after buying an additional 31,716 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in inContact by 22.3% in the first quarter. UBS Asset Management Americas Inc. now owns 800,702 shares of the company’s stock valued at $7,118,000 after buying an additional 145,883 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in inContact by 995.8% in the first quarter. Goldman Sachs Group Inc. now owns 312,328 shares of the company’s stock valued at $2,777,000 after buying an additional 283,826 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in inContact by 1.3% in the first quarter. Geode Capital Management LLC now owns 423,672 shares of the company’s stock valued at $3,766,000 after buying an additional 5,309 shares during the last quarter. 94.43% of the stock is owned by hedge funds and other institutional investors.
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inContact (NASDAQ:SAAS) remained flat at $13.94 on Tuesday. The company had a trading volume of 279,591 shares. The firm’s market capitalization is $871.74 million. The company’s 50-day moving average price is $13.88 and its 200-day moving average price is $12.15. inContact has a one year low of $6.25 and a one year high of $13.99.
inContact (NASDAQ:SAAS) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.15. inContact had a negative net margin of 7.86% and a negative return on equity of 12.85%. The company earned $63.80 million during the quarter, compared to analysts’ expectations of $62.43 million. During the same period last year, the company posted ($0.12) EPS. inContact’s revenue was up 20.2% on a year-over-year basis. On average, analysts forecast that inContact will post ($0.25) earnings per share for the current fiscal year.
inContact, Inc (inContact) is a provider of cloud contact center software solutions. The Company provides a range of cloud contact center call routing, self-service and agent optimization solutions. The Company operates through two business segments: Software and Network connectivity. inContact’s Software segment includes the services related to the delivery of its cloud contact center software solutions.
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