Stifel Nicolaus Upgrades Constant Contact to Buy (CTCT)
Constant Contact (NASDAQ: CTCT) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The firm currently has a $33.00 price target on the stock.
A number of other firms have also recently commented on CTCT. Analysts at Canaccord Genuity reiterated a “positive” rating on shares of Constant Contact in a research note to investors on Friday, April 27th. Separately, analysts at Stephens initiated coverage on shares of Constant Contact in a research note to investors on Friday, April 27th. They set an “equal weight” rating on the stock. Finally, 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, April 27th.
Constant Contact traded up 0.30% on Friday, hitting $23.04. 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 $695.1 million and a price-to-earnings ratio of 27.84.
Constant Contact last posted its quarterly earnings results on Thursday, April 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.01. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. Analysts expect that Constant Contact will post $0.34 EPS next quarter.
Constant Contact, Inc. (Constant Contact) is a provider of on-demand engagement marketing tools, including e-mail marketing, social media marketing, event marketing and online survey products, which are designed for organizations, including small businesses, associations and non-profits.