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Constant Contact (NASDAQ:CTCT)’s share price reached a new 52-week low during trading on Friday after TheStreet downgraded the stock from a buy rating to a hold rating, StockRatingsNetwork reports. The stock traded as low as $25.00 and last traded at $26.74, with a volume of 3,669,699 shares changing hands. The stock had previously closed at $34.85.


A number of other analysts have also recently weighed in on CTCT. Analysts at Canaccord Genuity lowered their price target on shares of Constant Contact from $46.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday. Analysts at Rosenblatt Securities downgraded shares of Constant Contact from a “buy” rating to a “neutral” rating in a research note on Friday. Analysts at Citigroup Inc. lowered their price target on shares of Constant Contact to $34.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, analysts at Credit Suisse Group AG downgraded shares of Constant Contact from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $40.00 to $30.00 in a research note on Friday. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Constant Contact currently has a consensus rating of “Buy” and a consensus target price of $38.51.


The stock’s 50-day moving average is $38. and its 200-day moving average is $36.. The company has a market cap of $883.92 million and a P/E ratio of 62.52.


Constant Contact (NASDAQ:CTCT) last announced its earnings results on Thursday, April 30th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $90.40 million for the quarter, compared to the consensus estimate of $91.10 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, analysts predict that Constant Contact will post $1.37 earnings per share for the current fiscal year.


Constant Contact, Inc (NASDAQ:CTCT) is a provider of on-demand engagement marketing tools that are designed for small organizations, including small businesses, associations and non-profits. The Company’s tools include its email marketing, social media marketing, event marketing, local deals and survey products.


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