Constant Contact (CTCT) has been upgraded today by the securities research analysts at investment firm Dougherty & Company which raised Constant Contact from a “sell” rating to “neutral.” Dougherty did not provide a price target performance outlook target on shares of CTCT. Dougherty, however, did note that their upgraded rating was based on valuation of shares.
CTCT volatility is high as it prepares to close out Friday trading. Thursday’s trading range has been outstripped already and shares did descend beneath the 10-day moving average for a brief moment yet overall sentiment has remained positive throughout trading today.
Constant Contact is slated to release their next earnings report on July 28th, 2011, and the current consensus EPS estimate is expected to be 11 cents. Their last earnings report was released on April 28th, 2011, and announced EPS of 2 cents with revenue totaling $50.02 million which was up 33.5% year to year. CTCT is currently trading below its 50 & 200-day moving averages and 2011 is currently a down year for the company.
Constant Contact, Inc. is a provider of on-demand email marketing, social media marketing, event marketing and online survey solutions for small organizations, including small businesses, associations and non-profits. The company has market capitalization of $731,910,600 and 29,465,000 shares outstanding. CTCT has a 52-week high of $36.33 with the low being $16.75 dollars.
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