TeleTech (NASDAQ:TTEC) Director Steven Anenen Sells 4,000 Shares of Stock

TeleTech Holdings, Inc. (NASDAQ:TTEC) Director Steven Anenen sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $3.85, for a total transaction of $15,400.00. Following the sale, the director directly owned 53,314 shares in the company, valued at $205,258.90. This represents a 6.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

TeleTech Stock Performance

NASDAQ:TTEC opened at $3.70 on Friday. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a market cap of $179.64 million, a PE ratio of -9.74, a P/E/G ratio of 0.42 and a beta of 1.09. The firm has a 50 day simple moving average of $3.34 and a 200-day simple moving average of $3.96. TeleTech Holdings, Inc. has a 1-year low of $2.48 and a 1-year high of $5.60.

TeleTech (NASDAQ:TTEC) last announced its earnings results on Thursday, November 6th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The firm had revenue of $519.14 million for the quarter, compared to analyst estimates of $497.92 million. TeleTech had a positive return on equity of 8.95% and a negative net margin of 0.84%.TeleTech has set its FY 2025 guidance at 0.950-1.200 EPS. On average, equities analysts expect that TeleTech Holdings, Inc. will post 0.33 EPS for the current year.

Institutional Trading of TeleTech

A number of institutional investors and hedge funds have recently bought and sold shares of TTEC. PharVision Advisers LLC acquired a new position in TeleTech during the third quarter valued at approximately $297,000. Voleon Capital Management LP purchased a new position in shares of TeleTech in the 3rd quarter valued at $353,000. Verition Fund Management LLC lifted its holdings in shares of TeleTech by 60.9% during the 3rd quarter. Verition Fund Management LLC now owns 55,507 shares of the business services provider’s stock valued at $187,000 after acquiring an additional 21,011 shares in the last quarter. Quarry LP purchased a new stake in TeleTech during the 3rd quarter worth $56,000. Finally, Prelude Capital Management LLC increased its holdings in TeleTech by 9.4% in the 3rd quarter. Prelude Capital Management LLC now owns 86,019 shares of the business services provider’s stock valued at $289,000 after purchasing an additional 7,403 shares in the last quarter. Institutional investors and hedge funds own 38.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wall Street Zen downgraded TeleTech from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TeleTech in a research note on Wednesday, October 8th. Finally, William Blair lowered shares of TeleTech from an “outperform” rating to a “market perform” rating in a report on Monday, November 10th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $3.50.

About TeleTech

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.