inContact Inc. (SAAS) Reaches New 1-Year High at $13.98
inContact Inc. (NASDAQ:SAAS) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $13.98 and last traded at $13.94, with a volume of 687,278 shares. The stock had previously closed at $13.89.
Several research analysts have recently commented on the company. Jefferies Group reiterated a “buy” rating and set a $13.00 price target (up previously from $12.00) on shares of inContact in a report on Sunday, May 8th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of inContact in a report on Sunday, May 22nd. Zacks Investment Research upgraded inContact from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. Benchmark Co. reduced their price target on inContact from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, May 18th. Finally, Lake Street Capital lowered inContact from a “buy” rating to a “hold” rating and lifted their price target for the stock from $13.00 to $14.00 in a report on Wednesday, May 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.75.
The stock’s market capitalization is $871.74 million. The firm’s 50-day moving average is $13.85 and its 200-day moving average is $11.71.
inContact (NASDAQ:SAAS) last posted its earnings results on Thursday, August 4th. The company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.15. The firm earned $63.80 million during the quarter, compared to analyst estimates of $62.43 million. During the same period last year, the company posted ($0.12) EPS. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, analysts anticipate that inContact Inc. will post ($0.25) earnings per share for the current year.
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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