Constant Contact Given Average Rating of "Hold" by Analysts (NASDAQ:CTCT)

Constant Contact (NASDAQ:CTCT) has been assigned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the stock, Analyst Ratings.Net reports. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $35.38.

Shares of Constant Contact (NASDAQ:CTCT) traded down 0.80% during midday trading on Wednesday, hitting $24.74. 412,955 shares of the company were exchanged. The company has a market capitalization of $796.33 million and a P/E ratio of 43.63. Constant Contact has a one year low of $22.75 and a one year high of $43.18. The company has a 50-day moving average of $24.74 and a 200 day moving average of $29.62.

Constant Contact (NASDAQ:CTCT) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.07. During the same period last year, the firm earned $0.22 earnings per share. The company had revenue of $91.50 million for the quarter, compared to the consensus estimate of $91.79 million. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities research analysts expect that Constant Contact will post $1.32 earnings per share for the current fiscal year.

In other news, SVP Robert P. Nault sold 12,500 shares of Constant Contact stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $25.00, for a total transaction of $312,500.00. Following the completion of the sale, the senior vice president now owns 8,883 shares in the company, valued at approximately $222,075. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Christopher Litster sold 8,151 shares of Constant Contact stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $24.30, for a total value of $198,069.30. Following the sale, the senior vice president now owns 7,896 shares of the company’s stock, valued at approximately $191,872.80. The disclosure for this sale can be found here.

A number of brokerages have recently issued reports on CTCT. Zacks downgraded Constant Contact from a “buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. Credit Suisse started coverage on Constant Contact in a research note on Tuesday, September 8th. They set a “neutral” rating and a $29.00 target price for the company. Northland Securities initiated coverage on Constant Contact in a research note on Friday, July 31st. They issued a “market perform” rating and a $27.00 price objective for the company. Roth Capital reiterated a “buy” rating on shares of Constant Contact in a report on Saturday, July 25th. Finally, Canaccord Genuity cut their price target on Constant Contact from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, July 24th.

Constant Contact, Inc. (NASDAQ:CTCT) is a supplier of online marketing tools for small organizations, including small businesses, associations and nonprofits. The tools of the Business include EventSpot Email Marketing, Societal Campaigns, SaveLocal, SinglePlatform and Survey. Endless Contact Toolkit, which is an internet marketing platform is also provided by it. Toolkit functions the small organizations to find and participate with customers across various marketing channels, including electronic mail, mobile, societal and Web. Toolkit is available to customers in three packages: Personal Marketer, Email Plus and E-Mail. Its E-Mail offering is for the customers of email marketing product. Its Email Plus includes accessibility to its other marketing offerings, including managing occasions online, running promotions and offers, conducting surveys and getting comments, as well as email marketing product. Its Personal Marketer package contains various Toolkit offerings in Email Plus.

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Constant Contact Given Average Rating of "Hold" by Analysts (NASDAQ:CTCT)