Stephens Analysts Begin Coverage on Constant Contact (CTCT)
Research analysts at Stephens assumed coverage on shares of Constant Contact (NASDAQ: CTCT) in a report released on Friday. The firm set an “equal weight” rating on the stock.
Shares of Constant Contact traded down 2.44% during mid-day trading on Friday, hitting $24.37. Constant Contact has a one year low of $14.46 and a one year high of $32.18. The company has a market cap of $736.6 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.
Several other analysts have also recently commented on the stock. Analysts at Janney Montgomery Scott downgraded shares of Constant Contact from a “buy” rating to a “neutral” rating in a research note to investors on Friday. Separately, 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. 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.