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)

Shutterstock Raised to "Hold" at Zacks (SSTK)

Zacks upgraded shares of Shutterstock (NYSE:SSTK) from a sell rating to a hold rating in a research report sent to investors on Monday, MarketBeat reports.

According to Zacks, “Shutterstock, Inc. is a global marketplace for digital imagery. It provides licensed photographs, vectors, illustrations and videos to businesses, marketing agencies and media organizations around the world. The Company’s online marketplace provides a freely searchable library of commercial digital images that the users can pay to license, download and incorporate into their work. Shutterstock, Inc. is headquartered in New York. “

In other news, CEO Jonathan Oringer acquired 100,000 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was bought at an average cost of $34.02 per share, for a total transaction of $3,402,000.00. Following the acquisition, the chief executive officer now directly owns 16,256,327 shares in the company, valued at $553,040,244.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Shutterstock (NYSE:SSTK) traded down 0.33% on Monday, hitting $30.14. The stock had a trading volume of 843,752 shares. The company has a 50-day moving average of $32.33 and a 200 day moving average of $54.95. Shutterstock has a 52 week low of $28.96 and a 52 week high of $84.06. The company has a market capitalization of $1.09 billion and a price-to-earnings ratio of 52.06.

Shutterstock (NYSE:SSTK) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $104.40 million for the quarter, compared to analyst estimates of $105.36 million. During the same period last year, the company posted $0.25 earnings per share. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. On average, equities research analysts predict that Shutterstock will post $1.16 EPS for the current year.

SSTK has been the subject of several other reports. Cantor Fitzgerald reaffirmed a buy rating and set a $100.00 price target on shares of Shutterstock in a research report on Sunday, July 12th. Morgan Stanley started coverage on Shutterstock in a report on Tuesday, July 14th. They set an underweight rating and a $40.00 price objective for the company. Topeka Capital Markets assumed coverage on Shutterstock in a report on Thursday, May 28th. They issued a buy rating and a $92.00 price target for the company. Jefferies Group lowered Shutterstock from a buy rating to a hold rating and dropped their price objective for the company from $90.00 to $39.00 in a research note on Friday, August 7th. Finally, TheStreet downgraded Shutterstock from a hold rating to a sell rating in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $64.70.

Shutterstock, Inc. (NYSE:SSTK) runs a worldwide marketplace for commercial digital content, including images, video and music. The Organization ‘s commercial digital imagery consists of video clips and accredited photos, illustrations that companies use inside their visual communications, for example corporate communications, digital and print marketing materials, Websites, books, publications and video content while commercial music includes music tracks. The need for music and commercial digital vision comes from businesses, advertising services and media organizations. It reaches new customers through a set of marketing channels, including email marketing, print advertising, tradeshows, online display advertising, direct mail, affiliate marketing, public relations, social media and partnerships. The internet marketplace of the Company’s provides a freely searchable number of commercial digital imagery and music that download its users can pay to license and incorporate into their work.

To get a free copy of the research report on Shutterstock (SSTK), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com

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Shutterstock Raised to "Hold" at Zacks (SSTK)

Zacks Upgrades Shutterstock to "Hold" (SSTK)

Shutterstock (NYSE:SSTK) was upgraded by Zacks from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork.com reports.

According to Zacks, “Shutterstock, Inc. is a global marketplace for digital imagery. It provides licensed photographs, vectors, illustrations and videos to businesses, marketing agencies and media organizations around the world. The Company’s online marketplace provides a freely searchable library of commercial digital images that the users can pay to license, download and incorporate into their work. Shutterstock, Inc. is headquartered in New York. “

SSTK has been the subject of several other research reports. RBC Capital restated an “outperform” rating and set a $86.00 target price on shares of Shutterstock in a report on Wednesday, June 17th. Cantor Fitzgerald reiterated a “buy” rating and issued a $100.00 price target on shares of Shutterstock in a research note on Wednesday, June 17th. Morgan Stanley started coverage on shares of Shutterstock in a research report on Tuesday, July 14th. They issued an “underweight” rating and a $40.00 price objective on the stock. Jefferies Group lowered shares of Shutterstock from a “buy” rating to a “hold” rating and lowered their price target for the stock from $90.00 to $39.00 in a research report on Friday, August 7th. Finally, William Blair downgraded shares of Shutterstock from an “outperform” rating to a “market perform” rating in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Shutterstock presently has a consensus rating of “Hold” and an average price target of $64.70.

Shares of Shutterstock (NYSE:SSTK) traded down 1.15% on Wednesday, reaching $33.65. 415,557 shares of the company traded hands. The stock has a 50 day moving average of $31.80 and a 200 day moving average of $52.64. Shutterstock has a 52-week low of $28.96 and a 52-week high of $84.06. The stock has a market cap of $1.21 billion and a price-to-earnings ratio of 58.12.

Shutterstock (NYSE:SSTK) last issued its earnings results on Thursday, August 6th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The firm earned $104.40 million during the quarter, compared to the consensus estimate of $105.36 million. During the same period in the previous year, the company posted $0.25 EPS. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, analysts expect that Shutterstock will post $1.16 earnings per share for the current year.

In related news, CEO Jonathan Oringer acquired 100,000 shares of the stock in a transaction dated Friday, August 28th. The stock was bought at an average price of $34.02 per share, for a total transaction of $3,402,000.00. Following the purchase, the chief executive officer now directly owns 16,256,327 shares of the company’s stock, valued at approximately $553,040,244.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shutterstock, Inc. (NYSE:SSTK) runs a global market for commercial digital content, including images, video and music. The commercial digital imagery of the Company’s includes accredited photographs, illustrations and video clips that companies use inside their visual communications, for example publications, print and digital marketing materials, corporate communications, novels, Websites and video content while commercial music includes music tracks. The need for commercial digital vision and music comes from businesses, marketing agencies and media organizations. It reaches new customers through a group of marketing channels, including on-line display advertising, print advertising, tradeshows, email marketing, direct mail, online affiliate marketing, public relations, social media and ventures. The online market of the Company’s provides a searchable assortment of music and commercial digital imagery that its users can pay to license, download and incorporate into their work.

To get a free copy of the research report on Shutterstock (SSTK), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com

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Zacks Upgrades Shutterstock to "Hold" (SSTK)