inContact Inc. (SAAS) Sees Strong Trading Volume
Shares of inContact Inc. (NASDAQ:SAAS) saw strong trading volume on Friday . 1,890,384 shares were traded 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 equities analysts recently commented on the company. Jefferies Group reissued a “buy” rating and set a $13.00 price target (up from $12.00) on shares of inContact in a research note on Sunday, May 8th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of inContact in a research note on Sunday, May 22nd. Zacks Investment Research lowered inContact from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Summit Research lowered inContact from a “buy” rating to a “hold” rating in a research note on Wednesday, May 18th. Finally, Benchmark Co. dropped their price target on inContact from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. inContact has a consensus rating of “Hold” and an average price target of $12.75.
The firm’s market cap is $864.45 million. The firm has a 50 day moving average of $13.85 and a 200 day moving average of $10.79.
inContact (NASDAQ:SAAS) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.05. The business earned $62.40 million during the quarter, compared to analysts’ expectations of $60.39 million. During the same quarter in the prior year, the firm earned ($0.10) EPS. inContact’s revenue for the quarter was up 21.6% on a year-over-year basis. Analysts anticipate that inContact Inc. will post ($0.25) EPS for the current year.
An institutional investor recently raised its position in inContact stock. California State Teachers Retirement System raised its stake in shares of inContact Inc. (NASDAQ:SAAS) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 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.