Constant Contact Rating Lowered to Neutral at Janney Montgomery Scott (CTCT)
Constant Contact (NASDAQ: CTCT) was downgraded by equities researchers at Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a report issued on Friday.
Shares of Constant Contact traded down 3.24% during mid-day trading on Friday, hitting $24.17. Constant Contact has a 52 week low of $14.46 and a 52 week high of $32.18. The company has a market cap of $730.5 million and a P/E ratio of 32.44.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.09 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.10 EPS by $0.01. The company’s quarterly revenue was up 19.8% on a year-over-year basis. On average, analysts predict that Constant Contact will post $0.34 earnings per share next quarter.
A number of other firms have also recently commented on CTCT. Analysts at William Blair downgraded shares of Constant Contact from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. Separately, analysts at Stephens initiated coverage on shares of Constant Contact in a research note to investors on Thursday, April 12nd. They set an “equal weight” rating on the stock. Finally, analysts at Needham & Company reiterated a “buy” rating on shares of Constant Contact in a research note to investors on Thursday, March 29th.
Constant Contact, Inc. (Constant Contact) is a provider of on-demand e-mail marketing, social media marketing, event marketing and online survey solutions for small organizations, including small businesses, associations and non-profits.