inContact Inc. (SAAS) Sees Large Volume Increase
inContact Inc. (NASDAQ:SAAS) shares saw unusually-strong trading volume on Friday . Approximately 1,890,384 shares traded hands during trading, an increase of 165% from the previous session’s volume of 712,706 shares.The stock last traded at $13.92 and had previously closed at $13.86.
A number of analysts have recently commented on SAAS shares. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $11.00 price objective on shares of inContact in a report on Saturday, April 16th. Zacks Investment Research downgraded inContact from a “buy” rating to a “hold” rating in a report on Thursday, May 12th. Summit Research downgraded inContact from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th. Craig Hallum downgraded inContact from a “buy” rating to a “hold” rating and set a $14.00 price objective for the company. in a report on Thursday, May 19th. Finally, Lake Street Capital downgraded inContact from a “buy” rating to a “hold” rating and upped their price objective for the stock from $13.00 to $14.00 in a report on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $12.75.
The stock’s 50 day moving average is $13.85 and its 200 day moving average is $10.79. The company’s market capitalization is $864.45 million.
inContact (NASDAQ:SAAS) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.05. During the same quarter last year, the firm posted ($0.10) EPS. The business earned $62.40 million during the quarter, compared to analyst estimates of $60.39 million. The company’s quarterly revenue was up 21.6% compared to the same quarter last year. Analysts anticipate that inContact Inc. will post ($0.25) earnings per share for the current year.
A hedge fund recently raised its stake in inContact stock. California State Teachers Retirement System raised its stake in inContact Inc. (NASDAQ:SAAS) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,902 shares of the company’s stock after buying an additional 2,004 shares during the period. California State Teachers Retirement System owned about 0.18% of inContact worth $1,087,000 as of its most recent SEC filing.
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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