inContact Inc. (SAAS) Sees Unusually-High Trading Volume
Shares of inContact Inc. (NASDAQ:SAAS) saw an uptick in trading volume on Friday . 886,617 shares changed hands during mid-day trading, an increase of 6% from the previous session’s volume of 836,273 shares.The stock last traded at $13.80 and had previously closed at $13.78.
A number of research firms have recently commented on SAAS. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of inContact in a report on Sunday, May 22nd. Craig Hallum downgraded inContact from a “buy” rating to a “hold” rating and set a $14.00 price objective on the stock. in a research report on Thursday, May 19th. Benchmark Co. lowered their price objective on inContact from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, May 18th. Summit Research downgraded inContact from a “buy” rating to a “hold” rating in a research report on Wednesday, May 18th. Finally, Lake Street Capital downgraded inContact from a “buy” rating to a “hold” rating and increased their price objective for the stock from $13.00 to $14.00 in a research report on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. inContact presently has a consensus rating of “Hold” and an average target price of $12.75.
The firm’s 50 day moving average price is $13.85 and its 200-day moving average price is $10.58. The stock’s market cap is $858.86 million.
inContact (NASDAQ:SAAS) last announced its earnings results on Thursday, May 5th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.05. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. The company had revenue of $62.40 million for the quarter, compared to analysts’ expectations of $60.39 million. inContact’s quarterly revenue was up 21.6% on a year-over-year basis. Analysts forecast that inContact Inc. will post ($0.25) EPS for the current fiscal year.
A hedge fund recently raised its stake in inContact stock. California State Teachers Retirement System boosted its stake in inContact Inc. (NASDAQ:SAAS) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 approximately 0.18% of inContact worth $1,087,000 as of its most recent filing with the SEC.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.