Published On: Sat, Sep 10th, 2016

inContact Inc. (SAAS) Trading 0% Higher

inContact Inc. (NASDAQ:SAAS) traded up 0% on Friday . The stock traded as high as $13.95 and last traded at $13.94, with a volume of 114,146 shares changing hands. The stock had previously closed at $13.94.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of inContact from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. Summit Research downgraded shares of inContact from a “buy” rating to a “hold” rating in a research report on Wednesday, May 18th. Benchmark Co. reduced their price target on shares of inContact from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, May 18th. Lake Street Capital downgraded shares of inContact from a “buy” rating to a “hold” rating and raised their price target for the company from $13.00 to $14.00 in a research report on Wednesday, May 18th. Finally, Craig Hallum downgraded shares of 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $12.75.
The firm has a 50-day moving average of $13.86 and a 200 day moving average of $11.90. The firm’s market cap is $871.11 million.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/09/incontact-inc-saas-trading-0-higher.html

inContact (NASDAQ:SAAS) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.15. inContact had a negative net margin of 7.86% and a negative return on equity of 12.85%. The firm earned $63.80 million during the quarter, compared to analysts’ expectations of $62.43 million. During the same quarter in the prior year, the company earned ($0.12) EPS. The company’s revenue was up 20.2% compared to the same quarter last year. On average, equities analysts forecast that inContact Inc. will post ($0.25) earnings per share for the current fiscal year.
About inContact
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.

Receive News & Ratings for inContact Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for inContact Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>