inContact Inc. (SAAS) Sees Large Volume Increase
inContact Inc. (NASDAQ:SAAS) saw an uptick in trading volume on Friday . 886,617 shares traded hands during 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 brokerages recently weighed in on SAAS. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of inContact in a research report on Sunday, May 22nd. Craig Hallum lowered shares of inContact from a “buy” rating to a “hold” rating and set a $14.00 price objective on the stock. in a report on Thursday, May 19th. Zacks Investment Research upgraded shares of inContact from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Wednesday, May 11th. Jefferies Group reiterated a “buy” rating and issued a $13.00 price objective (up previously from $12.00) on shares of inContact in a report on Sunday, May 8th. Finally, Summit Research lowered shares of inContact from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $12.75.
The company’s market cap is $858.86 million. The stock’s 50 day moving average price is $13.85 and its 200 day moving average price is $10.60.
inContact (NASDAQ:SAAS) last released its earnings results on Thursday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.05. During the same quarter in the previous year, the company earned ($0.10) EPS. The company earned $62.40 million during the quarter, compared to analysts’ expectations of $60.39 million. The firm’s quarterly revenue was up 21.6% compared to the same quarter last year. Equities research analysts forecast that inContact Inc. will post ($0.25) earnings per share for the current year.
An institutional investor recently raised its position 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 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.
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