inContact Inc. (NASDAQ:SAAS) Receives $13.40 Consensus PT from Analysts
inContact Inc. (NASDAQ:SAAS) has been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the firm. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $13.40.
Separately, Zacks Investment Research upgraded shares of inContact from a “sell” rating to a “hold” rating in a report on Tuesday, September 6th.
Shares of inContact (NASDAQ:SAAS) opened at 13.94 on Tuesday. inContact has a 12 month low of $6.25 and a 12 month high of $13.99. The firm’s market cap is $871.74 million. The company’s 50 day moving average is $13.89 and its 200-day moving average is $12.21.
inContact (NASDAQ:SAAS) last issued its earnings results on Thursday, August 4th. The company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.15. The business had revenue of $63.80 million for the quarter, compared to the consensus estimate of $62.43 million. inContact had a negative net margin of 7.86% and a negative return on equity of 12.85%. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.12) earnings per share. Equities research analysts predict that inContact will post ($0.25) EPS for the current year.
Large investors have recently made changes to their positions in the stock. BlackRock Advisors LLC boosted its stake in shares of inContact by 0.7% in the second quarter. BlackRock Advisors LLC now owns 29,517 shares of the company’s stock worth $409,000 after buying an additional 194 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of inContact by 9.2% in the second quarter. Teacher Retirement System of Texas now owns 8,240 shares of the company’s stock worth $114,000 after buying an additional 696 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of inContact by 16.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 28,516 shares of the company’s stock worth $395,000 after buying an additional 3,985 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of inContact by 1.3% in the first quarter. Geode Capital Management LLC now owns 423,672 shares of the company’s stock worth $3,766,000 after buying an additional 5,309 shares during the last quarter. Finally, Paloma Partners Management Co boosted its stake in shares of inContact by 25.4% in the second quarter. Paloma Partners Management Co now owns 35,445 shares of the company’s stock worth $491,000 after buying an additional 7,180 shares during the last quarter. 94.43% of the stock is owned by institutional investors.
inContact Company Profile
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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