inContact Inc. (SAAS) Hits New 12-Month High at $13.98
inContact Inc. (NASDAQ:SAAS) shares reached a new 52-week high during trading on Thursday . The company traded as high as $13.98 and last traded at $13.94, with a volume of 687,278 shares changing hands. The stock had previously closed at $13.89.
A number of research firms have recently commented on SAAS. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of inContact in a research report on Sunday, May 22nd. Craig Hallum downgraded inContact from a “buy” rating to a “hold” rating and set a $14.00 price target for the company. in a research report on Thursday, May 19th. Zacks Investment Research downgraded inContact from a “hold” rating to a “sell” rating in a research report on Wednesday, August 10th. Jefferies Group restated a “buy” rating and issued a $13.00 price target (up from $12.00) on shares of inContact in a research report on Sunday, May 8th. Finally, Benchmark Co. lowered their price target on inContact from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, May 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $12.75.
The stock’s market cap is $870.49 million. The company’s 50-day moving average is $13.85 and its 200 day moving average is $11.73.
inContact (NASDAQ:SAAS) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.15. The firm had revenue of $63.80 million for the quarter, compared to analysts’ expectations of $62.43 million. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. Equities research analysts forecast that inContact Inc. will post ($0.25) EPS 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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